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Nintendo announced on Friday that it would not release its next generation versions of Gameboy and next generation console unit, Gamecube, this year. This announcement marks a crucial hit for the company in the next generation console market, which was led off by the healthy debut of Sonys PlayStation 2 in Japan. The new Sony console looks to be a hot seller for the holiday season, with Sony set to raise ¥150 billion (US$1.4 billion) by selling bonds to keep up with the demand for the PlayStation 2.

Joining the long line of celebs turning ideas into Webtoons, comedian D.L. Hughley is taking his edgy stand-up act to the Internet. The series, entitled LET ME HOLLER @ YA, will feature animated segments ranging from 30 seconds to 4 minutes from the comedians stand-up act. Unlike deals such as Kelsey Grammers with MediaTrip which gives the actor stock in the Website, @ YA is part of the marketing campaign to promote Hughleys sitcom, THE HUGHLEYS, move from ABC to UPN.

On August 26, 2000, the Academy of Television Arts & Sciences held its creative awards ceremony, which featured many of this years animated prizes. The big winner this year was the BBC/Discovery special WALKING WITH DINOSAURS. With special effects by the Framestore, DINOSAURS walked away with the awards for outstanding animated program more than one hour, outstanding special effects in a miniseries, movie or special and outstanding sound editing. To no ones surprise THE SIMPSONS won for outstanding animated program for one hour or less for the "Behind The Laughter" episode.

Classic Media, a newly created investment group featuring former Golden Books chief Eric Ellenbogen, former chairman of Universal Studios and CEO of Viacom Inc. Frank Biondi and producer Steve Tisch, agreed to purchase a 60% stake in Harvey Entertainment in a cash-and-stock deal valued at about US$30 million. Currently, it is unclear how the move will effect Harveys management structure, but Classic Media officials have said they will be active in company discussions.

New York-based animation and design house, So! much, has created a 3D animated 30-second spot for MCI Worldcom and Blockbuster Video. The "FreeFlix Follies" campaign highlights the free movie bonuses of signing up for MCI with a send-up of vaudeville shows. The commercial reunites Abbott and Costello-like characters Seymour the Movie Ticket and Answer the Telephone, which were created for a previous spot by So! much three years ago. "Were really committed to marrying thoughtful, passionate design work with top-quality CG animation," says Jennifer Yeh, executive producer at So! much.

The anime title, THE PROFESSIONAL: GOLGO 13 will be re-released on video. Hitting stores on VHS August 29, 2000, THE PROFESSIONAL follows hitman Duke Togo who has the cross hairs turned on him after he assassinates the son of a notorious industrial tycoon, Golgo. The film is based on the popular comic book series of the same name. Osamu Dezaki directed the film. The new release from Urban Vision Entertainment will have an English dubbed and English subtitled version, selling for US$19.95 and $29.95, respectively.

Highlighted by a gala bash at the Hard Rock Café in Orlando, Florida on August 27, Stan Lee Media will unveil their new Webseries, THE BACKSTREET PROJECT, featuring superhero-likenesses of the singing group sensation, the Backstreet Boys. The promotional push will also include a marketing campaign, featuring CDs and action figure toys, at the Burger King restaurant chain. "We are thrilled that the Backstreet/Burger King promotion will be one of the largest promotions ever to support an Internet entertainment franchise," said SLM president and CEO, Kevin Williams.