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IDT Media Grows Animation Empire with Mainframe
Having recently acquired a controlling interest in Film Roman and a minority stake in Vanguard Animation, IDT Media’s animation unit, Digital Production Solutions (DPS), has set its sights on Mainframe Ent. DPS signed a binding Letter of Intent to acquire a controlling interest in the computer animation house.
The deal between DPS and Mainframe is subject to both parties meeting certain conditions of closing, including a restructuring of Mainframe’s existing debt, and Mainframe’s required shareholder and regulatory approval.
Mainframe, which broke new ground for CG on TV with the Saturday morning series Reboot, has more recently partnered with Hasbro, Mattel and Sony to create TV series and direct-to-video features based on characters and brands including Barbie, Hot Wheels and Spider-Man. The studio is currently producing the animated Spider-Man series for MTV, and recently sold broadcast rights for the CG special Scary Godmother Halloween Spooktakular to Buena Vista International for air on Disney Channel.
In March of this year, DPS acquired rights to never-before-seen projects created by Gene Roddenberry, including Gene Roddenberry’s Starpoint Academy. The company is also working on a co-production with Jim Jinkins and David Campbell of Cartoon Pizza, the creators of Doug, Stanley and PB&J Otter.
IDT Media is a subsidiary of IDT Corp., a multinational carrier, telephone and technology company.