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Tag: new line

  • New Line acquires film rights to comic book ‘Monster’

    New Line acquires film rights to comic book ‘Monster’

    MUMBAI: New Line Cinema has acquired the feature film rights to Monster, which is the top-selling Japanese manga comic book series ever. The rights were bought from author Naoki Urasawa.

    Monster is a fast-paced psychological thriller that tells the story of a young doctor who saves the life of a little boy – only to find a few years later that the life he saved was that of a brilliant killer. The doctor must then track down the young killer and solve a larger conspiracy.

    Monster has previously been adapted into an animated Japanese TV series and has spawned 18 volumes as a manga series. A New Line producer Neil Kaplan said, “Naoki Urasawa is a phenomenal cinematic storyteller, and we’re thrilled to have an opportunity to bring this incredible project to the screen.”

    The film will be produced by Trilogy Entertainment’s Neil Kaplan, Pen Densham, and John Watson. The book’s publisher, Shogakukan is executive producing the project. Monster is among the most successful comics ever released. It has sold more than 25 million copies in Japan, and also found a staunch following throughout Asia and Europe. In addition to Monster, Shogakukan has produced a variety of books, comic books, animation films and toys including Pokemon.

  • Time Warner’s net profit down 8 %

    Time Warner’s net profit down 8 %

    MUMBAI: For the third quarter ended 30 September, the media and entertainment conglomerate Time Warner recorded a net income of $499 million. The result showed an 8 per cent dip in profits.

    The revenues for the quarter was $9.97 billion, up from $9.5 billion one year earlier. The company has established a $ 500 million reserve related to ongoing accounting investigation at AOL.

    The investigation by Securities and Exchange Commission and the Justice Department are on various accounting issues at American Online and related to its interest in AOL Europe before January 2002, when the company acquired Bertelsmann’s 80 per cent stake in the venture, as stated in media reports.

    Following an internal review of the accounting matters related to AOL Europe, the company has decided to restate its financial results for 2000 and 2001. According to media reports, this could deepen 2001 net losses by $ 855 million and 2000 net losses by $308 million.

    At AOL, revenues were up 1 per cent to $2.1 billion, while operating income climbed 74 per cent to $ 261 million. As of 20 September, AOL had 22.7 million domestic subscribers, a decline of 2 million from last year. Cable revenues rose 10 per cent to $2.1 billion with subscription revenues up 10 per cent and ad revenues up 11 per cent. Average monthly revenue per basic cable subscriber was also up, by 10 per cent to $76. Operating income increased by 11 percent to $438 million. Time Warner Cable ended the quarter with 10.9 million basic video cable subscribers, a 4.7 million digital video subscribers,informs the media reports.

    The film and entertainment segment which constitutes Warner Brothers and New Line posted revenue increase of per cent to $ 2.5 billion and 4 per cent decrease in operating income to $ 12 million.

    The gains made in the international theatrical revenues of Harry Potter and The Prisoner of Azkaban and Troy were offset by a decline in worldwide theatrical home video and television licensing revenues.

    The company attributed that the decline on account of a difficult comparison to the prior year, which included the release of the home video The Lord Of The Rings: The Two Towers.

    The cable and broadcast networks delivered 8 per cent revenue growth to $2.2 billion, with subscription, advertising and content revenues all recording increases. The operating income was up 13 per cent to $574 million, according to the media reports.

  • Sunrise Sports India to launch new line of health equipment

    MUMBAI: Sunrise Sports India, leading distributor and licensee of international sports brands like Yonex, is launching top of the line health equipment in India this summer.
    Internationally renowned and world-class health equipment brands, Nodictrack, Proform, Weslo, Weider and Kettler will be marketed in the domestic region by Sunrise Sports India.

    According to a press release, the MRP of the machines varies between Rs 10,000 to Rs 2,50,000 and will be retailed through exclusive and non-exclusive stores in metros like Ahmedabad, Delhi, Mumbai, Bangalore, Chennai and Hyderabad.

    The release also says that the health equipment workout machines are known for their state of the art technology and cater to home usage/noncommercial segment. The products launched will be an exclusive line, which caters to a niche category target audience having a variety in its range of products.

    The product line belongs to a high-end quality segment clearly distinguishing it from the other existing brands, both domestic and international, substantiating their popularity and demand.

    Specialising in health equipments with an international presence and recognition, the Sunrise range broadly covers a line in treadmills, multi-gyms, bikes and cross-trainers. The US brands being introduced in the Indian markets are Nordictrack treadmills, Proform exercise bikes, treadmills and 650 Cardio Cross Trainers, Weslo treadmills, Weider multi bench and multi-gym.

    Kettler, a leading 50 year old German brand having a range to offer in treadmills, bikes, multi-gyms, inclined benches and rowing machines, will also be launched in India.

    Some of the models brought in for the domestic markets are Atlantis and Boston treadmills, Corsa and Golfe bikes, Variant, Coach and Favorit rowing machines, basic-multi-gym, Apollo-inclined bench, massager-vibratory belt.