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Museum to Exit Florida
This will be the third time since 1974 that the museum has picked up and moved to a different state. In Florida, the museum consistently failed to draw predicted numbers and quickly fell millions of dollars into debt. Less than a third of estimated visitors toured the museum. The controversial auctions failed to produce the needed revenue to cover the debts. Many pieces didn't sell or sold well below the estimated value.
The fancy building that currently houses The International Museum of Cartoon Art will be sold to help cover over $2 million in debts that the auctions didn't cover.
Mort Walker, who founded the museum, said in a statement, "It breaks my heart to sell this beautiful building. However, in the real world, cold financial facts take precedence over a cartoonist's cherished dream.''
There are over 200,000
exhibits at The International Museum of Cartoon Art.
For more information, see these past Digital Media FX stories on the museum's auctions:
Shrek to Settle
for Second Place
Instead, DreamWorks has decided to launch a blatant attack against Pixar by releasing a special Shrek 2-disc DVD, with new footage, on the exact same day that Pixar's Monsters, Inc. hits theaters - November 2, 2001. That's a Friday, a day that studios never release DVDs or videos (video and DVD releases are always launched on Tuesdays).
The move creates a danger for DreamWorks as some people's perceptions of the studio could change to that of a "bully" as it applies strong-arm tactics that use to be a virtual "trademark" of Disney. A September editorial by Digital Media FX will examine this issue more closely.
here to visit the Digital Media FX Shrek Movie Site.
Final Weekend Box
The gain/loss represents the movie's performance when compared to last weekend.
News Link of the
Day - Microsoft Denies Xbox Delay
According to CNN:
"Microsoft Corp.'s Xbox game console may face a production delay, but will still probably arrive in stores in November, according to a report released by analysts at Thomas Weisel Partners.
The analysts, citing
unnamed sources, said a flaw in Intel Corp.'s design of the motherboard,
or main computer component of the Xbox, may set production of the much-hyped
new game player back by three to four weeks..."
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