AWN Headline News

Spain's Terra Networks have announced that their shareholders have approved the company's US$12.5 billion purchase of U.S. Internet portal Lycos. The shareholders also okayed $17.7 billion in capital increases to pump up liquidity in the new arm. "The acquisition of Lycos is the big leap that will allow us to position ourselves as a truly global company," Terra president Juan Villalonga said at the company's shareholders meeting. The Spanish-language Internet server and provider announced last month its intention to purchase Lycos as an inroad to the U.S. market.

Nickelodeon and Toys'R'Us have announced an agreement to create a new Nickelodeon boutique channel on Toysrus.com to launch by fall of 2000. As part of the deal, the two companies will co-develop a Nickelodeon channel that will offer a wide variety of Nickelodeon licensed products, links between the sites, customized content and cross promotions. Moreover, Toysrus.com will acquire the inventory of Nick On-lines now defunct on-line toy store, Red Rocket. Terms were not disclosed.

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DreamWorks' GLADIATOR continues to plunder the pockets of moviegoers around the globe. Complete box numbers from Germany, France, Australia and a number of other countries were not available due to local holidays, however GLADIATOR looks like it is still slaying the competition. The bloody blockbuster is still topping the charts after five weeks in release in both the U.K. and Australia, regaining the top spot from MISSION: IMPOSSIBLE 2 in the later. In its four weeks in release, the Roman revenge tale took the #1 spot in both Italy and Spain.

Swedish-based animation studio Filmtecknarna F. Animation has produced a 90-second short for Cartoon Network entitled JOSIE AND THE PUSSYCATS IN MUSICAL EVOLUTION. The film is part of the Cartoon Networks "Shorties" series. In the spot, classic Hanna-Barbera characters Josie and the Pussycats take viewers on a journey through musical styles including punk, country, disco, heavy metal and techno. The spot was directed by Jonas Odell and produced by Leila El-Zein. Craig "Sven" Gordon was the Cartoon Network creative director.

With the new actioner from Nicolas Cage racing in to the #1 spot at the U.S. box office, MISSION: IMPOSSIBLE 2 fell to #2 in its third weekend in theatres. Disneys GONE IN 60 SECONDS grossed US$25.33 million on its way to receiving the checkered flag. MISSION, with primary visual effects by Pacific Data Images, Double Negative Ltd. and CFC, grossed another $17.23 million, raising its exploding cume to $158.1 million and is on a pace to beat the finishing cume of the original MISSION installment. Disneys DINOSAUR has slipped to fourth grossing another $8.82 million.

Thirteen of the largest computer and video game producers have filed suit against six game pirates who have been selling bootleg titles over the Net. The suit claims that James Cabot of Brook Park, Ohio; C. Graves of Raleigh, North Carolina; Tim Knoblich of Daytona Beach, Florida; Travis Lallman of Burley, Idaho; Derek Rufo of Vancouver, British Columbia; and Carol Scott of Columbia, South Carolina allegedly copied games, advertised them on six separate Web sites and sold them via mail.

In the wake of the booming on-line entertainment world, the Writers Guild of America (WGA) has created a new contract for made-for-Internet writers of live-action and animation scripts. As part of the new contract, Guild affiliated Net firms will have to sign a Minimum Basic Agreement (MBA) and provide financial reports regarding Internet revenue. The new rules guarantee scribes MBA minimums for Internet content that is the impetus for a TV pilot or series.

Speaking at an investors conference in London, Viacom president and COO, Mel Karmazin, emphasized to attendees that if UPN doesnt begin to make a profit it would either be shut down or sold off. Karmazin said Viacom expects UPN to meet the performance criteria set for all its operating divisions. The total losses for the five-year old network have risen to nearly $800 million. "UPN will become profitable, or it wont exist," Karmazin said.

After only two airings, ABC has cancelled Kevin Smiths animated TV series CLERKS. The teen-targeted toon debuted on May 31 with a poor rating of 5.2 and slipped to a 4.1 for its Tuesday, June 6 episode. Insiders say that ABC became initially scared of the toon when advertisers balked on its edgy humor. The series was original scheduled to be a 1999-2000 midseason replacement series. Advertising jitters may have lead to ABCs decision to make the toon a summer release, which drew much publicized heat from creator Kevin Smith [AWN 3/13/00].