Sydney- Publishing and Broadcasting Limited today announced its intention to split its businesses into two publicly listed companies, gaming company Crown and media company Consolidated Media Holdings. PBL said it believes the split will better facilitate recognition of the value of the group's underlying assets, and will create two "pure-play" companies with attractive investment characteristics. Crown will own a diversified portfolio of gaming assets, including the Crown and Burswood casinos … [Read more...] about PBL splits into gaming, media businesses
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Cartoon Festival animates Hangzhou
Beijing- More than 230 companies have set up booths in the animation expo at the third China International Cartoon and Animation Festival, which runs from April 28 to May 4 in Hangzhou. Attendees include eight companies from Hong Kong, 10 from Taiwan plus the South Korean Cartoonist Association and the French Animation Film Association, CCTV.com reported. The opening ceremony featured a parade of more than 3,000 people and a show in which performers from a local arts troupe dressed up as cats in … [Read more...] about Cartoon Festival animates Hangzhou
Thank you for the Music
In terms of technological developments, the distribution of audio content has invariably paved the way for video. From the humble cassette tape to CDs, and digital compression enabling delivery to computer, MP3 players and mobile devices, where music goes so TV can follow. But the question, say execs, is not whether TV should be learning from the music’s experience, but whether TV is learning the lessons that music industry peers learned the hard way. Parallels are obviously being drawn … [Read more...] about Thank you for the Music
Turner vs Disney as retail soars
Over the last year or so, the Walt Disney Company and Turner Broadcasting Systems have been engaged in an intriguing battle in the kids genre in India. Even as the two networks battle it out for audience share and advertising and subscription revenue with multiple channels, the companies have also been diligently expanding their presence in the nascent licensing and merchandizing industry. The expansion comes at a time when India’s retail sector is expected to witness an upsurge in the … [Read more...] about Turner vs Disney as retail soars
Revitalizing anime
A healthy increase in exhibitor and visitor figures at the recently concluded sixth annual Tokyo International Anime Fair (TIAF) points to continuing buoyancy for the anime business internationally. “The demand for anime is increasing strongly as interest amongst industry professionals worldwide has surged,” says Kanji Kazahaya, Director of Toei Animation’s International Department. Kazahaya says Toei Animation and the industry as a whole are benefiting from growing … [Read more...] about Revitalizing anime
Ericsson completes voluntary cash offer for Tandberg Television
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