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THE FUSE: Atom Films and Eveo Get Financing, South Park Creators on the Net, Stream Wars

THE FUSE: Atom Films and Eveo Get Financing, South Park Creators on the Net, Stream Wars

THE FUSE: Atom Films and Eveo Get Financing, South Park Creators on the Net, Stream Wars

by Tim LaTorre/EB Insider

>> Atom Film Gets $20 Million in 2nd Round Financing

In a move that further demonstrates confidence in the developing short film
market, leading “next-generation” entertainment company Atom Films will
announce today that it has secured $20 million for its second round of
financing. Investors include newcomers Chase Capital Entertainment
Partners LLC
, Chase Capital Partners, and Trans Cosmos USA Inc., who were joined by further investment from first round members Arts Alliance and
Frank J. Biondi Jr. The company plans to use the new resources to acquire
more films and expand its worldwide operations and in-house production of
programming through its Atom Studios division. While the company will
increase investment in traditional marketing methods, Chief Marketing
Officer Matt Hulett told EB Insider on Friday that a further implementation
of the company’s highly effective viral marketing efforts.

[For more information, visit:]

>> “South Park” Creators Join the Net Fray

As part of a growing trend of Hollywood talent moving to the Web, “South
” creators Matt Stone and Trey Parker announced this week that they
will create 39 original animated shorts for the recently re-funded
entertainment portal Each short will be two to five minutes
long, with Stone and Parker maintaining complete artistic control and
owning the copyright to all new creations. In an article published in the
New York Times, Stone commented that they were attracted to the Web by the
freedom it offered to go beyond the content and language restrictions of
television. He also mentioned that they had been offered opportunities on
the Web before, but turned them down because the technology was crude.

This new deal will create a training ground for new characters and shows
that can be sold to television or other mediums. In the deal, Parker and
Stone received less than 10 percent equity in, which in
return will share in revenues from any of the characters or shorts they
create for the site in other mediums.

[For more information, visit:]

>> A New Short Film Company Gets Financing

Eveo Inc., a new digital entertainment company, announced this week that it
had secured its first round of financing with investment from Media
Technology Ventures
. Founder and CEO Olivier Zitoun, told EB Insider on
Friday that Eveo’s mission is to “empower people to express themselves
through digital video”. Rather than acquiring content like other short
film distribution companies, Eveo is looking to promote “self exploration
through video” and become an incubator and aggregator of programming
provided by people “sharing their experiences,” according to Zithoun. Early
programming on the site will include subjects such as extreme sports,
travel/adventure, documentary and fiction in the form of spoofs and comedy.
The company will house and distribute content from their site and is
expecting to create revenue from a combination of sponsorship, syndication,
ecommerce and subscription to premium services. Eveo’s partners include
Razorfish, interVU, and The full site is expected to launch
in February.

[For more information, contact, or visit:]

>> Stream Wars: Microsoft Turns Up the Heat

In a keynote speech at the Streaming Media ’99 conference in San Jose, CA,
Microsoft Chairman Bill Gates recast himself and his company as a leader of
the “digital media revolution”. Gates revealed that Microsoft’s “goal is
not to be a media company ourselves”, but rather make a significant
investment of resources into providing the infrastructure that content
companies could use to stream their programming. This puts RealNetworks,
which distributes the most popular audio and video streaming software, in a
similar position that Netscape was in three years ago. While Microsoft has
been behind in this software category, it’s Windows MediaPlayer software
has been steadily gaining, with many content companies like Warner Bros.
recently announcing the use of Microsoft’s software.

As a further example of these recast allegiances, CMGI‘s online
entertainment company iCast announced this week that it would also be
switching to Windows Media technology in its iCaster software.

THE FUSE is a weekly news column from EB Insider, a new publication focused
exclusively on the developing Web-based film and video industry. To read
this week’s feature “As Net Fever Takes Hollywood, Web-based Development
Sites Make Their Mark
,” visit:

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