Cartoon companies want Big Idea Lower bid wins bankrupt "Veggie Tales".(Business)

0 Comments | Daily Herald (Arlington Heights, IL), November, 2003 | by Comerford, Mike

Byline: Mike Comerford Daily Herald Business Writer This cartoon battle pits talking ewes, tomatoes and moose in a struggle for millions of dollars in real-life revenues. At the center of the battle is Lombard-based cartoon animator Big Idea Productions Inc., which a bankruptcy judge this week agreed should be sold to New York-based Classic Media LLC for $19.3 million.

The not-so-comic twist is that Classic Media, a cartoon owner and manager, wasn't the highest bidder ... by far. Start-up animator Wet Cement Productions Inc. bid $19.6 million and was willing to go millions higher, according to its owner Gary Meyer. "A few more million would have gone a long way toward paying off unsecured debtors," said Meyer in a telephone interview on Friday. "We...