David Steinberg has been named senior vp production for Nick Animation Studios in Burbank, where he will oversee all animation and digital efforts as well as operations. Steinberg most recently was head of the studio at Starz Animation in Toronto, where the company won praise for its artistic efforts and uses of technology, most notably on the features Gnomeo & Juliet and 9. Prior to Starz, he worked at Walt Disney Feature Animation from 1996-2006. He also worked with Turner Feature Animation and Sullivan Bluth Studios. “David has been a powerhouse in the family entertainment business for more than
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- 7/26/2012
- by Alex Ben Block
- The Hollywood Reporter - Movie News
Toronto -- Starz Animation Toronto has come up with a novel way to allow studio and indie producers to reduce their film financing needs as they pocket Ontario tax credit savings up-front.
The 3D animation studio has struck a five-year, $12 million financing deal with the Royal Bank of Canada, the country's largest bank, to interim finance local tax credit refunds.
"In an environment where the ability to gain access to credit has been constricted, we're able to reduce their cash requirements," Jeff Young, vp of finance and business development at Starz Animation, said.
Foreign producers that shoot in Ontario typically wait for 18 months to two years to receive tax rebates based on local production costs.
The Rbc loan agreement means Starz Animation will use its financial strength and expertise to bank the tax credits, cut a cheque for the producers and reduce their overall production costs as they bring computer...
The 3D animation studio has struck a five-year, $12 million financing deal with the Royal Bank of Canada, the country's largest bank, to interim finance local tax credit refunds.
"In an environment where the ability to gain access to credit has been constricted, we're able to reduce their cash requirements," Jeff Young, vp of finance and business development at Starz Animation, said.
Foreign producers that shoot in Ontario typically wait for 18 months to two years to receive tax rebates based on local production costs.
The Rbc loan agreement means Starz Animation will use its financial strength and expertise to bank the tax credits, cut a cheque for the producers and reduce their overall production costs as they bring computer...
- 11/20/2009
- by By Etan Vlessing
- The Hollywood Reporter - Movie News
Alec Sokolow and Joel Cohen have sold their original screenplay "Q" to Starz Media Animation. And in a rare deal for screenwriters, the "Cheaper by the Dozen" and "Toy Story" scribes also will partake in back-end profits as well as merchandising and ancillary revenue.
Sokolow and Cohen will produce and oversee all elements of production, while Starz Animation head David J. Steinberg will oversee for the company.
"For us, 'Q' really is a chance to put our feet to the fire," Sokolow said. "A bias against screenwriters is that they are never really in the firing line of production and movie-making. But I think it's really more a case that the system prefers screenwriters to be disposable as a movie is produced and marketed, the end result most times being bitterness or flippancy."
But the "Q" arrangement allows the creators to maintain a full-immersion experience, something they've been pursuing in the animation realm for years.
Sokolow and Cohen will produce and oversee all elements of production, while Starz Animation head David J. Steinberg will oversee for the company.
"For us, 'Q' really is a chance to put our feet to the fire," Sokolow said. "A bias against screenwriters is that they are never really in the firing line of production and movie-making. But I think it's really more a case that the system prefers screenwriters to be disposable as a movie is produced and marketed, the end result most times being bitterness or flippancy."
But the "Q" arrangement allows the creators to maintain a full-immersion experience, something they've been pursuing in the animation realm for years.
- 5/3/2009
- by By Jay A. Fernandez
- The Hollywood Reporter - Movie News
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