On May 5, 2010, Saban Capital Group announced that it would start Saban Brands, a company dedicated to acquiring entertainment and consumer brands. On May 12, 2010, it was announced that Saban Brands bought back the Power Rangers franchise from Disney for $43 million and would produce a new nineteenth season of Power Rangers that began airing on Nickelodeon on February 7, 2011, with the previous 700 episodes being rerun on Nicktoons. It was also announced that Saban Brands is in negotiations to buy three other brands. On August 17, 2010, it was announced that Saban Brands bought Paul Frank Industries.
On May 1, 2012, Kidsco Media Ventures LLC, an affiliate of Saban Capital Group, placed a bid to acquire some of 4Kids Entertainment's assets, including the US rights to the Yu-Gi-Oh! franchise and The CW4Kids block, for $10 million. 4K Acquisition Corp, a subsidiary of Konami, then placed a bid. On June 5, 2012, 4Kids commenced an auction between Kidsco and 4K Acquisition which was then adjourned so 4Kids, Kidsco, and 4K Acquisition could consider an alternative transaction. On June 15, 2012, 4Kids filed a notice outlining a proposed deal in which its assets would be divided between Kidsco and 4K Acquisition which was finalised on June 26, 2012. The deal saw 4K Acquisition acquire the US rights to the Yu-Gi-Oh! franchise and KidsCo acquire 4Kids' other assets including the agreements for Dragon Ball Z Kai, Cubix: Robots for Everyone, Sonic X and The CW Network's Saturday morning programming block. On July 2, 2012, it was announced that Saban Brands, via Kidsco Media Ventures, will begin programming the block in the fall, and on July 12, 2012 announced that the block would be named Vortexx, which launched on August 25, 2012. On June 12, 2012 it was announced that Saban Brands plans to reintroduce the Popples franchise with new merchandise in fall 2013. On August 3, 2012 it was announced that Saban Brands acquired The Playforge, the development team behind App Store success stories Zombie Farm and Zombie Life. On September 19, 2012 Saban Brands announced that they acquired Zui provider of Kid-Safe Online content. On September 25, 2012 Saban Brands announced that they re-acquired the Digimon franchise and its most recent season, Digimon Fusion, which will allow Saban to work with MarVista Entertainment for distribution of the series outside of Asia. On July 3, 2013 it was announced that Saban Brands signed a deal to manage the distribution, licensing, and merchandising of Sendokai Champions in North America and Israel.
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Famous quotes containing the word brands:
“Helios makes all things right:
night brands and chokes
as if destruction broke
over furze and stone and crop.”
—Hilda Doolittle (18861961)