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March 2002
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TOP 5 U.S.
DISTRIBUTORS

   The top 5 domestic distributors to date are as follows (Dollar figures in millions.):

BUENA VISTA
Gross: 231.0
17.9%

NEW LINE
Gross: 181.9
14.1%

UNIVERSAL
Gross: 181.9
14.1%

WARNER BROS.
Gross: 164.6
12.7%

SONY
Gross: 130.3
10.1%


MGM TO GO BROADBAND INTERNET

Intertainer, a website that offers movies, music videos, TV shows and concerts to users with broadband connections to the Internet, has signed a deal with MGM that will allow people to watch current and classic MGM movies on their computers or TVs "on demand." Intertainer has already signed a similar deal with Universal.



MICHAEL JACKSON'S NEVERLAND TO INVEST IN INDIE FILM COMPANY

Michael Jackson's Neverland Entertainment and film producer Raju Sharad Patel, have signed an agreement in principal with Mark Damon's MDP Worldwide Entertainment Inc. to form a partnership on all of MDP's film production.

The agreement provides for Neverland to invest approximately $15 to $20 million in MDP, which will make them a major shareholder. The closing of the transaction is subject to customary regulatory and other approvals. With the investment, MDP will operate a new division called Neverland Pictures, which will be the production arm of MDP, and all feature films produced will carry the Neverland Pictures
banner. Mark Damon, Chairman and CEO stated "with this affiliation, MDP is
at the forefront of the independent film industry to significantly increase
production and distribution of mainstream, commercial feature films for the
global audience."

Raju Sharad Patel has developed, financed and produced several world wide box office successes, which includes Rudyard Kipling's Jungle Book which was distributed by Walt Disney, the 20th Century Fox cult comedy classic Bachelor Party starring the Academy Award winner Tom Hanks, and The Adventures of Pinnocchio for New Line / Warner. Mark Damon is one of the original founders of the American Film Market and has produced and distributed over 300 feature films in his career, including such films
as Das Boot, 9 1/2 Weeks, The Neverending Story, Short Circuit, Never Say Never Again, Prizzi's Honor, Cotton Club and the recently released The Musketeer.



AFTRA WANTS SOLIDARITY

The American Federation of Television & Radio Artists (AFTRA) president John Connolly is calling for increased cooperation between international performer unions to protect members working on runaway film and TV productions by transnational media giants. The point is to discourage studios from leaving their home market or at least ensure that union actors from all countries earn comparable fees and workplace conditions when they work on runaway film and TV shoots.


COMPUTER ANIMATION KILLING HAND-DRAWN ART

The box-office success of computer-animated films has resulted in wholesale layoffs and cutbacks in traditional animation departments, particularly at Disney. Steve Hulett, a business representative of the screen cartoonists' union said that the "huge amount of dislocation" affecting studio animators has resulted in the union's membership dropping from a high of 2,999 in 1996 to about 1,500 today. Tom Schumacher, president of Walt Disney Animation, acknowledged hundreds of job cuts last year and added that the studio will likely cut several hundred more by the end of the year. The rush to computer animation has traditional animators flocking to colleges and schools to be trained in computer skills. One computer animation teacher said, "I have a waiting list longer than my arm."