ITV

Tag: John Hyde

  • ABC looks to grow brand through science fiction

    ABC looks to grow brand through science fiction

    MUMBAI: US broadcaster ABC is going the sci fi route. It has picked up IDT Entertainments drama series Masters of Science Fiction featuring works from some of the most well known authors of science fiction.

    Negotiations are underway to include works from Isaac Asimov who wrote I Robot and Nightfall, Ray Bradbury The Martian Chronicles, Fahrenheit 451, Harlan Ellison and Robert Heinlein. IDT Entertainment, in association with Industry Entertainment, will produce a minimum of four one-hour episodes.

    ABC Entertainment senior VP motion pictures for television and miniseries Quinn Taylor says, With IDT Entertainment and Industry bringing such high-end talent, we are very excited about this anthology. We have been trying to put together this kind of series because it has great potential to become appointment television.

    IDT Entertainment COO John Hyde says, We are delighted that Masters of Science Fiction has found a broadcast home on ABCs primetime lineup. ABC is the perfect venue for these interpretations of science fictions seminal literary voices.

    Industry Entertainment partner Keith Addis says, We are in advanced discussions with distinguished screenwriters and directors to bring the works of these science fiction icons to a broad audience in the most compelling and entertaining way.

  • Pentamedia to get 49.9% Film Roman stock for $10 m in reworked deal

    Pentamedia to get 49.9% Film Roman stock for $10 m in reworked deal

    After a series of modifications, Indian multimedia production firm Pentamedia Graphics Ltd and US-based animation producer Film Roman Inc. have reached agreement on a deal that gives Pentamedia a 49.9 per cent stake in Film Roman valued at $10,000,000.

    Under the new terms, Pentamedia will be issued one new share of Film Roman’s common stock for each $1.17 in value it receives from Pentamedia. Upon completion of the transaction, Pentamedia will own up to 49.946% of Film Roman’s common stock, with an overall valuation of up to $10,000,000. The specifics of the restructured transaction are being finalised by the two companies and any necessary approvals will be sought in the near future, the release states.

    In a joint statement, V Chandrasekaran, CEO of Pentamedia and John Hyde, CEO of Film Roman said: “We have restructured the agreement between us and look forward to finalising the transaction so that we can start building on the strengths of our respective companies.”

    Early last month the whole deal seemed threatened with Film Roman filing a complaint with the US Securities & Exchange Commission claiming Pentamedia was unable to close the transaction on terms earlier agreed by both the firms and approved by Film Roman’s shareholders.

    As per the earlier agreement, Pentamedia was to acquire a fully diluted 60 per cent stake of Film Roman in the form of newly issued common stock for $15 million in cash.

    It was in October last year that Pentamedia last year announced a deal with Film Roman which it said would help it get better access to the US markets.