AWN Headline News

On Wednesday, July 27, 2000, Sony Corp. announced it fell into the red in the first quarter ended June 30, 2000 as one-off charges from a change in U.S. accounting rules eroded profits. The electronics and entertainment company posted a group net loss of ¥88.26 billion (US$808.2 million) in the quarter, versus an ¥18.43 billion ($168.8 million) profit a year prior. Sony had ¥101.65 billion ($930.8 million) in extraordinary losses from film advertising costs and canceled projects development expenses in the first quarter of this year due to new U.S.

Spontaneous Combustion has spruced up the CGI product shots and on-line edit for two Aube Cosmetics ads. "Lipstick" and Eyeshadow" were produced for Aube, one of Japans foremost cosmetic companies. Creative director Sam DeWitt said, "We built models and textures for the new compacts containing the make-up.

AWN's Stock Ticker features the most prominent publicly traded companies in the world of animation. AWN, Inc. makes available certain financial information from third party information providers. AWN does not give advice in any such fields, and has not reviewed, and in no way endorses the validity of such data. This information is provided solely as a means to keep our readers informed of the market performance and trends of certain companies. AWN strongly suggests that one seek advice from a competent professional regarding any investment or financial issues.

On Wednesday, July 26, 2000, Cinar Corporation began its discussions with Nasdaq officials to explain why they have not filed their annual reports and financial statements from as far back at November 30, 1999. In the midst of the talks, Cinar has announced they have been sued again! This time, the former owners of Cinar subsidiary, Carson-Dellosa Publishing, which Cinar purchased in 1997, have brought forth the lawsuit.

With more summer blockbusters arriving in international theatres, the old guard is weaning. MISSION: IMPOSSIBLE 2, however, is still strong, finishing atop the charts in Italy, Sweden Japan and Spain. In its second week, M:I 2 grossed another US$700,928 in Italy, raising its cume to $6.82 million. GLADIATOR is losing its power, slipping a spot in Italy to finish at #4 with a gross of $103,693, bringing its Italian cume to $8.64 million. In Sweden, GLADITOR also finished in 4th place with a gross of $217,952, advancing its cume to $3.93 million.

Intel Corporation and Macromedia, Inc. have partnered to bring Intels 3D graphics software technology to Macromedias Shockwave Player. Intels technology will provide a richer look to the Shockwave Player with multiple resolution settings depending on the users computing power. The Intel technology allows providers to create smooth, photo-realistic surfaces, cartoon rendering and effects that include smoke, fire, water and vapor. The compressed Macromedia Shockwaves format will allow narrow bandwidth users easier access to 3D content.

Scaring the mutants out of #1, DreamWorks WHAT LIES BENEATH finished atop the U.S. box office charts. The haunted house horror flick, with primary visual effects by SPI, grossed US$29.7 million. Slipping to second, THE X-MEN, with primary visual effects by Cinesite, CORE Digital, Digital Domain, Hammerhead Productions, Kleiser-Walczak Co., Matte World and POP Film, dropped 56% from its opening weekend, but still racking up another $23.47 million.

MR Kinowelt Merchandising has nabbed the German-language merchandising rights to the highly anticipated fantasy trilogy THE LORD OF THE RINGS. The financial stats on the deal with New Line Cinema were not released. MR Kinowelt is made up of a joint venture between German indie distributor Kinowelt and MR Merchandising & Retail. The deal marks the first RINGS merchandising deal outside the States. The first film in the trilogy is scheduled to arrive in movie houses December 2001. Kinowelt is handling the release of all three pictures in Germany.

* October 2000. World Wide Web.

Entry Deadline: September 30, 2000.

Diecks Group created the 15-second teaser for the Showtime television series, SOUL FOOD, based off the 1997 feature film by the same name. The challenge for creative director Brian Diecks and art director Michael Waldron was to form a smooth and effective teaser from stills because the series had not yet begun production.

Humongous Entertainment, a division of Infogrames, Inc., has named Andy Hieke as general manager and senior vice president. Hieke will oversee all aspects of the company's operations, which include maintaining their current franchises, such as PUTT-PUTT, FREDDI FISH, PAJAMA SAM and SPY FOX as well as introducing new products onto new platforms and into new markets. Just prior to joining Humongous, Hieke served as the senior vice president of product development for Nintendo Software Technology Corporation.