(Source: Variety.com) Entrepreneur Eric Edmeades has purchased a controlling interest in Lucasfilm spinoff Kerner Group and has assumed the CEO role there.

Kerner Group began as the former Industrial Light & Magic models-and-miniatures shop. Its businesses also extend to advanced video compression software called FrameFree and 3-D camera rigs for stereoscopic movies. In addition, Kerner has plans for a 3-D TV network.

Terms for the acquisition were not disclosed. Edmeades closed the deal and assumed the CEO post last week.

Kerner’s current management will otherwise remain in place.


(Source: dnaindia.com) Rhythm and Hues, an academy award winning animation studio having large-scale outsourcing operations in India, is foraying into production of original content.

The Hollywood-based company, with operations in Mumbai and Hyderabad, will raise $100 million. The amount will then be used in various animated co-productions.

Prashant Babu Buyyala, managing director, Rhythm and Hues India, told DNA Money “We are currently putting together several ideas for original content. In the meanwhile, we are also taking to various studios in Hollywood as well as independent funds.”


(Source: NYTimes) Spider-Man and his Marvel Entertainment cohorts will join the Walt Disney Company in a $4 billion deal announced early Monday.

Disney said in a statement that it would pay a combination of about 60 percent cash and 40 percent stock to acquire Marvel, which has a stable of some 5,000 characters that includes the X-Men, Fantastic Four, Iron Man, Captain America and Thor.

Marvel has aggressively exploited its most popular characters through motion pictures and consumer products, and has a thicket of deals with various studios that will stay in place. Twentieth Century Fox will continue with the “X-Men” franchise, for instance, while Sony Pictures Entertainment will keep “Spider-Man.”

    
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