Universal and Disney have a new competitor in the global theme park biz thanks to a new partnership between resort operator Resorts World Genting and Twentieth Century Fox Consumer Products (TCP) that will see Fox launch its first ever theme park, set to open in Malaysia in 2016.
DreamWorks Animation has named Paul Kurzawa to the newly created position of head of retail development and entertainment.
Falling in line with its strategy to significantly expand its distribution business, Toronto’s 9 Story Entertainment has finalized a deal with indie producer CCI Entertainment for the underlying rights to its CCI Kids children’s and family library.
According to its annual report, BBC Worldwide enjoyed a 1% rise in profits over last year’s total and a 3% rise in overall sales. In the fiscal year, which ended on March 31 2013, the company reported US$235 million in profit that was driven by its 34 global channels.
Canadian media conglomerate Corus Entertainment, home to YTV, Treehouse and now Teletoon, posted sharply higher third-quarter earnings Thursday, due largely to selling a stake in Food Network Canada. The broadcaster saw earnings for the three months to May 31 more than double to US$91.5 million, compared to a profit of US$45 million in the same period of 2012.
Following yesterday’s decision from the CRTC approving BCE’s roughly US$3.4 billion acquisition of Astral Media, BCE has released some details of its immediate next steps as the transaction moves toward a July 5 closing.