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    Prospero Pictures acquires rights to “FOXED!”

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    "FOXED!"
    TORONTO --

    Prospero Pictures has acquired worldwide rights in all media to director James Stewart’s award-winning property FOXED!   The agreement between Prospero Pictures and Stewart’s Geneva Film Co. covers rights to an animated feature film, television series and all digital platforms including an Oculus Rift VR Experience.

    The feature film is based on Stewart’s short film FOXED! It continues the coming-of-age adventure of Emily and the steampunk children of Chiswick.  Foxes have kidnapped all the children of the village. Now, the kids must use their inner strength and group ingenuity to reclaim their town.

    The short film FOXED! opened at #1 on iTunes in six countries in October 2014, after collecting seven “Best Animated Film” awards, appearing at over 90 film festivals around the world. FOXED! is currently available on iTunes in 60 countries. The short film was funded in part by CTV Bravofact.

    “I am thrilled to partner with an exceptional talent like James who brings innovative storytelling to animation, 3D and to all digital platforms,” said Martin Katz, president of Prospero Pictures.  “FOXED! already has a global audience and huge social media following.  We are thrilled about propelling FOXED! to the next logical step — an animated feature film.”

    Stewart will be the director of FOXED! – the feature which is based on Stewart’s screenplay and short film. Katz will produce the feature and has already begun discussions with international sales partners. Michael A. Levine, an entertainment lawyer who has played an active role in building Canada’s cultural industries, negotiated the partnership.

    “Martin Katz is one of the most respected producers in the industry. His background in online media from the early days of Microsoft’s MSN have given him a particularly detailed insight into the possibilities for the adaptation of the fable FOXED!” said Stewart. “Our lead character, Emily, is inspiring to kids–and adults–around the world. I look forward to sharing her adventures in the animated feature and on new platforms like VR.”

    The animated feature FOXED! is set for a 2017 release and will be one of the first feature films to include a full Oculus Rift VR Experience  written and designed to run alongside the feature film release.

    The short film FOXED! is now available on iTunes and Vimeo On Demand.

    Tags:FOXED!James Stewart



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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