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Gold/Mining/Energy : Mainframe Entertainment (ReBoot/Beasties) -- Ignore unavailable to you. Want to Upgrade?

To: JAMES BORECKI who wrote (335)	3/18/1998 11:10:00 AM
From: Sleeperz	Read Replies (1) \| Respond to of 459

Just the main bits of the article in the Friday March 6 edition of the Vancouver Sun, Business Section. It still might be in your local library. On another note notice how someone seems to know something ahead of time on MFE all the time Bad news and Good news. Ahead of bad earnings MFE always goes down. Now ahead of some good news MFE goes up. Although it was know Reboot would ship in March the exact date was not known. SAN MATEO, Calif.--(BUSINESS WIRE)--March 18, 1998--Electronic Arts (NASDAQ:ERTS - news), the world's largest independent interactive entertainment software company, has begun shipping ReBoot for the PlayStation(TM). biz.yahoo.com cl

To: JAMES BORECKI who wrote (335)	3/20/1998 8:35:00 PM
From: Sleeperz	Read Replies (1) \| Respond to 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