Disney launching unit to make environmental films and Gemstar-TV Guide enters patent license deal with Digeo

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City of Industry, CA --(www.USEquityNews.com)-- 04/22/2008 - Media entertainment industry alert provided by U.S. Equity News. The Walt Disney Co. says it will launch a new film production unit called Disneynature to produce documentary films about the environment. CEO Robert Iger said Monday the unit marks a return to the Disney tradition of making nature films. The first of seven planned films will be "Earth," set for release on April 22, 2009, which is Earth Day.


Deb Riechmann of The Associated Press and Ed Henry of CNN (NYSE: TWX) have won the Merriman Smith Award for presidential coverage under deadline pressure. Riechmann, the winner in the print category, won for her coverage of President Bush's trip to Iraq's Anbar province last September. The judges praised her "solid reporting under the gun to make the very tight deadlines" and her judgment in recognizing the import of the president's remarks about doing the job with fewer troops. Riechmann also won the Merriman Smith in 2006. In the broadcast category, Henry won for reporting on the Bush administration's contradicting assertions that top Iranian officials had authorized sending improvised explosive devices to Iraq.

Television listings business Gemstar-TV Guide International Inc. (NASDAQ: GMST) said recently it entered a patent license deal with Digeo Inc. that helps settle an infringement lawsuit. Financial terms of the agreement were not disclosed. As part of the multiyear deal, Gemstar-TV Guide will give Digeo, which makes the Moxi DVR, a patent license that covers its program guides and other guides the company plans to use with service providers and on consumer electronic and personal computer platforms.

EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.

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