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- November 26, 2001
- Snow White Scores Big Overseas
- Release Charts:
Animated, Anime, and FX DVDs
- CINAR Press Release on Restructuring
- News Link of the Day
- Harry Potter Breaks More Records
Scores Big Overseas
(by digitalmediafx.com) Snow White and the Seven Dwarfs
is now the second top selling title ever, overseas, according
to Disney. The claim takes into account the 1994 release of the
video. The only title to outsell Snow White is Titanic.
Since being released to video and DVD last month, Snow White
has made $160 million overseas and much more from the 1994 video
and VHS will only be available for a limited time before it is
put into Disney's "10 year holding pattern" to regenerate
interest in sales.
to the top of page
Charts: Animated, Anime, and FX DVDs
(by digitalmediafx.com) Here are new animated, FX, and anime
DVDs hitting store shelves tomorrow.
(1988 - FX)
Ball Z - Frieza - Fall of a Tyrant (1996 - anime)
- In the Spider's Web - Vol. 7 (anime)
Moon S - Heart Collection VI (1995 - anime)
American Animation Archive (early animation)
Johto Journeys - Azalea Adventures - Vol. 47 (anime)
Johto Journeys - Buggy Boogie - Vol. 48 (anime)
If you haven't
yet ordered the Snow White DVD (availability will be limited),
to the top of page
Press Release on Restructuring
(by digitalmediafx.com) CINAR has put out a press release
commenting on the restructuring it is going through as the company
tries to overcome many problems. The press release says, in part,
has announced that it is introducing a restructuring of its corporate
offices and Entertainment Division. The Company also announced
that it has appointed Richter, Usher & Vineberg as auditors.
restructuring, CINAR's Montreal staff will be reduced from 164
to 110. No staff reductions are slated for the Company's Education
is very difficult for CINAR and for a group of very talented people
whose services we can no longer retain," CINAR President
and CEO Barrie Usher said in making the announcement. "However,
we believe that, given the difficult environment under which we
are operating, this action will best ensure the Company's ongoing
viability and protect shareholder value. Our goal is to solidify
the position of key entertainment properties - Arthur and Caillou
- for which demand remains strong, and to continue to build on
the successes of our Education Division and our licensing business,"
Of those employees
affected by the announcement, 32 are in corporate positions and
22 are in CINAR studios and animation. The company is offering
an appropriate severance package as well as job placement and
counseling to those affected.
is the latest of several administrative steps taken during the
past 20 months by CINAR's current management to put the Company
on a solid footing once again. Under current management, efforts
have been focused on resolving the complex issues it inherited,
including allegations that CINAR had improperly obtained tax credits
from the Canadian government, the transfer of US$122 million into
offshore investments without the approval of the Board and other
to the top of page
of the Day - Harry Potter Breaks More Records
According to BBC News:
Harry Potter film has broken yet another box office record - beating
Toy Story 2's previous best for takings over a Thanksgiving weekend
in the United States.
and the Sorcerer's Stone has now earned $188m at US screens in
just 10 days..."
here for the full story.
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