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Constantin hits A double
Constantin Film increased distribution sales in first-half 2008 to €16.5 million ($24.3 million), almost doubling last year’s half-year figure of €8.6 million. The operating result for the period was €9.1 million ($13.4 million), a 170% year-over-year increase.
EA, TAKE-TWO well-liked
U.S. antitrust authorities would approve a combination of video game giant Electronic Arts and Take-Two Interactive Software, according to letters from the Federal Trade Commission on the agency’s Web site. This week, EA stopped pushing for a hostile bid and instead started private talk.
lawsuit over axium
A group of production companies has filed a $7.5 million fraud lawsuit against Golden Tree Asset Management over the collapse of payroll processing service Axium. The plaintiffs claim Golden Tree, which had loaned money to Axium, engaged in a secret foreclosure of Axium. The result was the bank transferring $28 million in funds from Axium, which were entrusted funds deposited by the plaintiffs. The plaintiffs claim the damage has included delays in film releases and special promotions — one involving a film being unveiled at Comic-Con — and increased costs in completing productions.
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