AWN Headline News

Nelvana Limited announced that it has filed with the Ontario Securities Commission to offer 3.75 million subordinate voting shares of the company in the U.S. and Canada. A portion of the money gained from the new offering will be used to repay loans for the purchase of Klutz Publishing, a leading U.S. childrens book publisher. The remainder of the funds will be used to pay off borrowings under the firms credit facilities. The producer of children favs BABAR and FRANKLIN is selling 3,684,032 shares and the remaining 65,968 shares are being sold by two unnamed shareholders.

* Thursday, May 11 Friday, May 12, 2000. North Hollywood, Calfornia, U.S.A.

The California Institute of the Arts, School of Film/Video is holding Showcase 2000, a chance for students to screen their films and videos. Films in character animation will be shown on May 11 at 9pm and experimental animation films will be shown on May 12 at 8pm. The event will be held at the Leonard H. Goldenson Theatre at the Academy of Television Arts & Sciences, 5230 Lankershim Blvd., North Hollywood. For more information call Tel.: (661) 253-7818.

A Canadian Television Fund (CTF) commissioned report calls for stiffer conflict-of-interest rules for the distribution of their CA$200 million in funds. Two reports, one by consultants François Colbert and David Silcox for CTF and one by KPMG for the Heritage Ministry, pointed out several serious administrative problems in the way Canadian funds are handed out to production companies. Both reports recommend that Telefilm Canada, a second government agency that helps fund and produce Canadian productions, should get out of the funding business and concentrate on producing feature films.

Former Disney Studios chairman Joe Roth has joined Pixars board of directors and IRON GIANT director Brad Bird has signed on as a director as well. The announcement came on the same day that the 3D-animation company revealed heavy earnings in the first quarter due to the phenomenal success of TOY STORY 2. Roth helped develop TOY STORY 2 before he left Disney to start his own production company. Roth told Reuters that he wanted to keep in touch with the ever-advancing world of 3D animation as his new business is being formed.

Cinar has been quiet about an internal investigation looking into the use of company funds to renovate the co-founders Montreal home. No comment, was all Suzan Ayscough would give the press about co-founders Micheline Charest and Ronald Weinberg using almost CA$500,000 (US$348,000) of company funds to touch up their home without the knowledge of the board of directors. In March, Charest stepped down from her positions as co-CEO and chairman and Weinberg left his post as president and co-CEO.

SOUTH PARK creators Trey Parker and Matt Stone have signed a three-year deal with Comedy Central. The profanity purveyors announced an exclusive multimillion-dollar deal with the cable network ending rumors they were fleeing to ABC for a $1 million an episode pact. The deal calls for 30 new episodes of SOUTH PARK and a new live-action series to debut next year. "For the last three years we have been exceptionally lucky to have our show on a network that respects creative freedom," said Parker.

Morgan Wandell, VP of programming at Digital Entertainment Network, has left his post. Though a pleasant split, the decision was due to his unhappiness over DENs move to acquire programming instead of developing original content. Recently, the entertainment destination obtained programming from ACE VENTURA director Steve Oedekerks Thumb.com. Wandell told the Daily Variety, "Theres just less for me to do now.