AWN Headline News

Montreal-based CINAR Corp. has come to an interim deal with Globe-X Management, which halts the pending lawsuit against the investment firm. The agreement allows CINAR Corp. to look into investments made, without board approval, in Globe-X Management's affiliate Globe-X Canadiana. However, the deal does not finalizes the terms in which CINAR will be able to recover the nearly US$76 million invested in Globe-X. The lawsuit was filed on Monday, March 20, in an attempt to recover the funds, which were signed by former co-CEO Ronald Weinberg and senior executive VP Hasanain Panju.

The Stuttgart International Festival of Animated Film was celebrated March 16-21, marking its 20th year in existence. The biannual festival presented a wide ranging programme, giving prizes worth 142,000 German marks (70,000 euros or US dollars) and enjoying a growth of 25% in the number of spectators. With approximately 42,000 spectators and some 500 films in the programme, Stuttgart calls itself, "The second largest animated film event world wide," a definition which might well be true. A new competition category this year was for feature animations.

* Sunday, April 10, 2000. Orange, California, U.S.A.

* Tuesday, April 25 - Saturday, April 29, 2000. Los Angeles, California, U.S.A.

* Wednesday, May 3 - Sunday, May 7, 2000. Fredrikstad, Norway.

* Thursday, May 11 - Sunday, May 14, 2000. Yorkton, Saskatchewan, Canada.

With live-action film ERIN BROCKOVICH staying firm at #1, the new special effects enhanced action flick, ROMEO MUST DIE, finished at #2 in the U.S. box office. In its first week in release, the new Jet Li film brought home US$18.01 million. Opening in theatres Wednesday, March 22, the Warner Bros.' martial arts pic has made a total of $24.6 million. The teen terror pic, FINAL DESTINATION, stayed dead still at third, grossing $7.22 million. The New Line flick has made a total of $20.4 million in two weekends of release.

Nelvana Limited has announced the introduction of Nelvana New Media, a new division that will focus on developing new applications, products and delivery channels for Nelvana's valuable character library. The new branch will create a children's Web entertainment site and interactive games based upon their characters for both CD-Rom and Internet distribution. "Nelvana New Media is an initiative that solidifies the future success of the Company," added Michael Hirsh, Nelvana Limited's co-chief executive officer.

The executive producer of STUART LITTLE, Stephen Waterman, has signed on to exec produce the new animated feature STARCARS, a co-production between Korean-based entertainment conglomerate Ameko Entertainment Company Ltd. and Hyper Image LLC, an American animation studio specializing in sci-fi CGI. Dong Chung, COO of Ameko will co-executive produce the project. "I am genuinely excited about taking animation beyond the next level and into a new universe," Waterman said.