Sydney- A short but spirited bidding war for Beyond International Limited resulted in the Beyond board agreeing to a takeover offer from private equity firm Navis Media Pty Ltd (Navis Media). Navis Media will acquire all stock in Beyond for $A1.22 cash per share, a 31% premium to the average price of the last six months, valuing the Australian television producer-distributor at $A74.6 million ($US62 million). That trumped a bid four days earlier by Mariner Financial Limited, which offered $A1.15 … [Read more...] about Navis Media to buy Beyond International
broadcaster news
VTV3 and Trans TV picks up format rights to SPTI’s Karaoke Showdown
Hong Kong– Vietnam's VTV3 and Indonesia’s Trans TV have picked up the format rights to Sony Pictures Television International’s (SPTI) Karaoke Showdown to bring the show to Asia for the first time. The Vietnamese and Indonesian adaptations are in pre-production in both countries. Karaoke Showdown is a music genre variety show which divides contestants or celebrities into teams to compete in guessing the titles of songs sung by individuals without the instrumental track. The … [Read more...] about VTV3 and Trans TV picks up format rights to SPTI’s Karaoke Showdown
Sony and ABU to collaborate on broadcasting award
Sony Corporation Hong Kong Limited and the Asia-Pacific Broadcasting Union have joined forces to promote and develop the broadcasting industry in the region by recognising the contributions of the business’ best performers through a broadcast engineering excellence award. Sony will sponsor the winner of the 2007 ‘ABU Broadcast Engineering Excellence Award’. Now into its fifth year, the Award is conferred on an individual to recognise outstanding contributions in broadcast … [Read more...] about Sony and ABU to collaborate on broadcasting award
Video game market set to soar
The worldwide video game market is expected to grow to $US47 billion in 2009, up from $33 billion in 2006, according to a new report from DFC Intelligence. The newest generation of video game consoles is driving this growth, despite uncertainty over the three major video game console systems: Sony PlayStation 3, the Nintendo Wii and the Microsoft Xbox 360. Based on sales so far, DFC raised its forecast for the Nintendo Wii and the PlayStation 3 and lowered its forecast for Xbox 360. It estimates … [Read more...] about Video game market set to soar
Laws for new screen production incentives passed Down Under
Sydney- Parliament last week passed legislation establishing a range of previously announced screen production incentives in what was almost certainly the last week of parliament before the federal election. There was one major amendment, extending the rebate for animation series to episodes of 15 minutes, rather than 30 as proposed originally. The government rejected calls from the Screen Producers Association of Australia to prevent Australian broadcasters from accessing the rebate for series … [Read more...] about Laws for new screen production incentives passed Down Under
Nippon Animation’s Penelope to be distributed by TV-Loonland
Munich / London– TV-Loonland has been appointed by Japanese production company Nippon Animation to manage multi-territory distribution for its pre-school property Penelope (26 x 5’). TV-Loonland will handle rights for TV, home video, VoD, broadband, IPTV and mobile sales to Western and Eastern Europe, Russia, Baltic States, Scandinavia, Israel, the Middle East as well as Africa including South Africa. Penelope is a 3-D animation series co-produced by Nippon Animation, NHK Enterprises … [Read more...] about Nippon Animation’s Penelope to be distributed by TV-Loonland