Multinational carrier, telephone and technology company IDT Corp. has launched a new subsidiary, IDT Ent., which will incorporate IDTs existing animation company Digital Production Solutions (DPS), as well as recent acquisition DPS/Film Roman and the joint venture and equity interest with Vanguard Animation. Upon completion of the purchase, Mainframe Ent., the Canadian CG toon shop behind series such as Reboot, Spider-Man, Hot Wheels and the lucrative Barbie movies, will also become part of IDT Ent.
The new company will focus initially on animation, but expects to expand into other entertainment areas. IDT is currently producing feature films, TV programs, and direct-to-DVD projects.
Headquartered in Newark, New Jersey, IDT Ent. currently maintains animation-production hubs in New Jersey, Hollywood, Vancouver and Israel, with further contractual agreements with numerous animation shops around the globe.
IDT Media exec. VP Morris Berger assumes the role of CEO of the new company; Yehuda Wurtzel is president of production and CTO; and IDT Corp. CFO Steve Brown is chairman and president.
DPS recently signed with BAF Berlin Animation Film to provide complete production services on Happily NEver After, a full-length 3D animated film featuring the voices of Sigourney Weaver, Sarah Michelle Gellar, Freddie Prinze Jr., George Carlin, Wallace Shawn, Andy Dick and Patrick Warburton. In March the animation shop acquired rights to two Gene Roddenberry creations, Starpoint Academy (in production) and Char. Then in May it acquired a controlling interest in Film Roman, the animation company best known for its production work on The Simpsons, King of the Hill and other popular broadcast television programs. In July DPS entered into a partnership agreement with Vanguard Animation to co-produce and co-own all Vanguard properties. Vanguard has a deal in place with Disney to complete four CG features. The first, Valiant, is now in production.