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LONDON, October 25: Parthenon Kids, the children’s division of Parthenon Entertainment, has optioned the rights to Rescue Rookies, an animated preschool property from British production company Bada Bling. Parthenon has the exclusive rights to further develop the series and pitch …

TOKYO, October 25: Sony Corporation posted a second-quarter profit of Y73.7 billion ($641 million), almost 4,300 percent up on Q2 2006’s Y1.7 billion ($14.9 million), with revenues up 12 percent to Y2.1 trillion ($18.1 billion). At Sony Pictures Entertainment, higher …

HILVERSUM/NAARDEN, October 25: Telescreen will work with entertainment holding company WMG Beheer on the development and production of new children’s animation properties that are intended for delivery and broadcast in fall 2008. The new partnership with kick off with Western …

PHILADELPHIA, October 25: Despite a 21-percent increase in third quarter profits to $7.8 billion, Comcast Corporation’s profit for the period fell 54 percent to $560 million. The fall in profit is partly attributed to a $55 million expense related to …

MUMBAI/BURBANK, October 25: Mahesh Samat has been appointed as the managing director of The Walt Disney Company (India), coordinating all of its efforts in the key Asian market. Based in Mumbai and reporting to Andy Bird, the president of Walt …

NEW YORK, October 25: The Dolan family’s $10.6-billion attempt to take Cablevisions Systems Corporation private has been rejected by the company’s shareholders. Charles Dolan, Cablevision’s chairman, and his son James L. Dolan, chief executive, have been leading the charge to …

HONG KONG/MUMBAI, October 25: Uday Shankar and Jadgish Kumar have been upped to the roles of CEO and COO of STAR India, respectively, effective immediately. Reporting to STAR’s CEO, Paul Aiello, Shankar will assume the position of CEO of STAR …

PALO ALTO/REDMOND, October 25: Microsoft is making a $240-million investment in the social networking site Facebook, giving it a 1.6-percent stake in the popular site, valued at $15 billion. As part of the investment, Microsoft will be the exclusive third-party …

MIAMI, October 25: Following its recent launch, CaribeVisión has announced several key executive appointments, including Emilio Braun Burillo in the role of executive VP. Burillo most recently founded the company Red W, a subsidiary of Grupo Pegaso, where he was …

PARIS, October 25: The 23rd edition of MIPCOM set an all-time attendance record, drawing a total of 13,371 participants, a 7-percent increase over the previous year, and also set new records in the number of participating companies, exhibitors and countries …