Ericsson has received favorable rulings from the relevant competition authorities to acquire all outstanding shares in Tandberg Television. Furthermore, no material adverse change has occurred. Consequently, all conditions in the terms and conditions set out in the offer document, dated February 26, 2007, have been met and Ericsson will complete the offer in accordance with the offer document. Settlement for the shares submitted in the voluntary public cash offer is expected to take place on or … [Read more...] about Ericsson completes voluntary cash offer for Tandberg Television
Channel: Companies
Malaysia’s Les’ Copaque signs US$7 million deal with China’s Zhongnan Group to co-produce 3D animation feature
Hangzhou– Multimedia Development Corporation (MDeC), has helped Les’ Copaque Production Sdn Bhd, an MSC Malaysia Status Company in development, production and management of animation-related Intellectual Property, clinch a US$7 million deal with China's Zhongnan Group Animation Video Co. Ltd. to co-produce a 90-min 3D animation feature titled 36 Strategem - Essential Art of War. Initiated at MIPTV, the Memorandum of Agreement has been signed concurrently with the 3rd China … [Read more...] about Malaysia’s Les’ Copaque signs US$7 million deal with China’s Zhongnan Group to co-produce 3D animation feature
SARFT bans filming in natural reserves and historic sites
Beijing- China's top authority for radio, film and television has issued an edict banning film and television crews shooting in China's natural reserves, scenic areas and historic sites. Chinese media reports say this is a response to increasingly disordered film and TV productions that have caused substantial environmental damage. The State Administration of Radio, Film and Television (SARFT) said filming will be totally prohibited in core areas of all natural reserves, scenic spots and … [Read more...] about SARFT bans filming in natural reserves and historic sites
KidsCo snaps up TV-Loonland’s shows
Cannes- KidsCo, the new 24/7 multi-platform channel for children and families, will carry programming from independent producer and distributor TV-Loonland. The joint venture of Sparrowhawk Media, DIC Entertainment (DIC) and Corus Entertainment Inc.'s Nelvana Enterprises acquired titles including Clifford, The Famous Jett Jackson, GI Joe and The Black Stallion. Scheduled to roll out later this year, KidsCo will initially be available in Central and Eastern Europe followed by premieres through … [Read more...] about KidsCo snaps up TV-Loonland’s shows
UTV’s Kong wins top toon award at FICCI Frames
Mumbai- UTV Toons' 3D feature film Kong Returns to the Jungle won the best-animated feature film award at the BAF Awards during FICCI Frames 2007. Kong Returns to the Jungle was produced by BKN New Media of New York, and animated by UTV Toons. The winner was selected from 360 entries from 18 countries. The movie features original songs and music with 3D animation. The story revolves around protagonist Kong and his brother Jason, as Kong is captured after being revived via cloning and sent to … [Read more...] about UTV’s Kong wins top toon award at FICCI Frames
Pay-TV and broadband set to boom in Asia
Hong Kong- Millions of Asians will be transformed into voracious consumers of pay-TV, digital TV and broadband over the next five to eight years, according to a new study of the region's booming media and entertainment industries. The combined annual revenues of pay-TV and broadband businesses in Asia are predicted to jump from US$44 billion to US$102 billion by 2015. Total pay-TV subscribers, which reached 255 million last year, will climb to 381 million by 2011 and 446 million by 2015, … [Read more...] about Pay-TV and broadband set to boom in Asia