Media Industry
Industry: Email Alert RSS FeedDIC departs from Disney.(DIC Entertainment L.P. buys back assets from Walt Disney Co.)(Brief Article)
Broadcasting & Cable, November, 2000 by Schlosser, Joe
Major producer of animated series buys back its assets and goes it atone
DIC Entertainment has left Disney World. The Hollywood-based animation studio, with the financial help of equity firm Bain Capital Inc., finally bought back its own assets from The Walt Disney Co. last week--a move long anticipated in the kids programming industry
DIC, the producers of such animated series as Inspector Gadget, Sonic The Hedgehog and Madeline, is now free to produce and distribute its fare to all comets outside and even inside the Disney gates. The studio had been partnered with Disney since 1995 and will continue to co-produce for them.
DIC Chairman and CEO Andy Heyward led the buyback from Disney, a "complicated" deal that he says will include...
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