Mainframe Entertainment (ReBoot/Beasties) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mainframe Entertainment (ReBoot/Beasties)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JAMES BORECKI who wrote (335)	3/20/1998 8:35:00 PM
From: Sleeperz	Read Replies (1) of 459

OK it cost a buck me but here is the full article . " MFE has a $6.5M bomb dropped on its production plans this week when the CDN TV and Cable Production fund announced without prior notice it has radically changed its policies regrading "distinctively Canadian programming". Under the fund's new license fee program guidelines, a drama or children's program based on a game or toy is INELIGIBLE for funding unless that toy of game was created and developed by a Canadian. MFE CEO Chris Brough says Production was due to begin April 1 on the third season of its Canadian created and produced CGI animated series BEASTIES, based on a toy developed by US toy manu HASBRO. The series budgeted at $8M, now faces a $2M financing shortfall just three weeks before the start of production on the next 13 episodes. These productions will also be deemed ineligible for an additional regional funding bonus which, when combined with the license fee funding, amounted to funding of up to 25% production budgets. "We were blind-sided" says Brough. "It has created a worst case scenario by eliminating an entire genre of production. Our whole corporate existence is at risk because we have financial and legal obligations based on commitments to these projects that previously qualified for funding that are now seriously under-financed" MFE's total committed production activities for its 1998-99 year faces a $6.5M blow."" ----------------------- Then some ironic wining how Films Total Recall, La Femme Nikta, F/X still get the funding becuase they are not Toys or Games. So it sounds like MFE is not profitable without the funding. So unless they cut a better deal a 4th season of Beasties is not in the works and someother outfit who can produce CGI more cost effectively will get the Beasties Contract and any of the other Toy shows. cl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next