DreamWorks Animation SKG said Friday that its president, Lewis Coleman, has been elected to its board, effective immediately. Coleman, former chief financial officer of Banc of America, served on the DWA board when it went public in 2004 before being named president of the company in December 2005. The hiring of Coleman, who reports to CEO Jeffrey Katzenberg, was seen as a move by DWA to shore up investor confidence after a bumpy first year as a public company. The addition of Coleman expands the board to 12 members.
Game sector surges
Sales in the video game sector, including hardware, software and accessories, reached $1.7 billion in November, a year-over-year increase of 14.5%, according to market research firm NPD Group. The data is of particular interest because of last month's release of the Sony PlayStation 3 and Nintendo Wii. The Wii sold 476,000 units in the month, compared with 197,000 PS3s. The Wii retails for $250 and the PS3 for up to $599. Microsoft's Xbox 360, in stores since November 2005, sold 511,000 units last month for a total of 2.8 million. "Gears of War" for Microsoft's Xbox 360, "Final Fantasy XII" for the PS2 and "The Legend of Zelda: Twilight Princess" for Wii were the top games for the frame.
Carphone gets OK
BRUSSELS — U.K. mobile retailer and telecommunications firm Carphone Warehouse was cleared Friday by the European Commission to take over Time Warner's AOL Internet access business in the U.K. The all-cash £370 million ($688 million) deal will make the mobile phone retailer Britain's third-biggest broadband group behind BT Group and NTL Inc. It also gives the company an extra 1.5 million broadband customers to add to its existing base of 625,000.