SIP Animation: Difference between revisions

'''SIP Animation''' was established in 1977 by Haim '''Saban''' and Jacqueline Tordjman initially as "'''S'''aban '''I'''nternational '''P'''aris" (hence its initials), a television production company, that later in 1980, it moved into the field of animation with the formation of its American subsidiary "Saban Records" (later "[[Saban Entertainment]]"). At first, it just provided music for cartoons (it used a unique strategy whereby the animation company got to use the music for free, but Saban had the publishing rights and could collect broadcast royalties from TV stations via collection agencies), but eventually started producing its own animation. It produced many of Saban's animated series that had the prefix "Saban's" in front of them. In November 1991, the company shares were divided when International Film Productions, a Luxembourg-based company, acquired a 49.7% stake while Saban retained a 49.8% stake. International Film Productions later gained another 0.2% share in the company in 1994 leaving Saban with a 49.6% stake. International Film Productions shares were later transferred to Pueblo Films AG, a Switzerland based company in 1996. In March 1996, Saban acquired Créativité et Développement (C&D), a French studio owned by [[DIC Entertainment]] co-founder Jean Chalopin with was than absorbed into Saban International Paris. Following the sale of Saban Entertainment and Fox Family Worldwide to [[The Walt Disney Company]] in October 2001, Saban Entertainment was renamed to BVS Entertainment with their stake to Saban International Paris being divested later that year. In 2002, The Walt Disney Company inherited a 49% stake in the company though the company name could no longer be used. It was renamed to its then-new name on October 1, 2002 and produced shows for [[Jetix Europe]]. The company was subject to liquidation in April 2009. In 2012, Disney acquired the remaining 49.7% share of the company that was held by Pueblo Films AG giving them full control over SIP. In 2023, Disney terminated the company through BVS Entertainment with the company fully closing on October 25, 2023.