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Warren Franklin Departs CEO Post at Rainmaker Entertainment(October 17, 2011)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/17/11 -- The board of directors of Rainmaker Entertainment Inc. (TSX:RNK) announced today that Warren Franklin has left Rainmaker.
In making the announcement, Tim McElvaine, Chairman of the Board, stated: "On behalf of the Board, we wish Warren well in his future endeavors. We are confident in the continued success of Rainmaker Entertainment under the leadership of President and Executive Producer Catherine Winder who over the past two years has done a fantastic job in transforming the company into a creatively focused cost-effective studio."
Winder said: "Thanks to our dedicated executive management team and amazing crew of artists and story tellers, Rainmaker is well positioned to continue its' growth as a leading CG animation studio. I look forward to the continuing opportunity to guide the company towards further creative expansion for all of our many projects in production and development."
In addition to the production of the studio's first feature film, Escape from Planet Earth for The Weinstein Company, Rainmaker is working on several Mattel based DVD's and a slate of properties in development. The company recently released its' original short film Luna which has been accepted in many industry festivals and events.
Rainmaker Entertainment will be recognizing a charge to operations in the fourth quarter of approximately $1 million related to Franklin's departure.
Rainmaker Entertainment Inc., a multifaceted animation studio, is one of Canada's largest producers of CG animation. With an innovative history that spans over 15 years, Rainmaker today continues to tell engaging stories and create compelling characters for all media. The studio's 300 creatively inspired artists and storytellers are currently producing the feature film Escape from Planet Earth for The Weinstein Company and have completed production on the short film Luna as well as developing the company's slate of proprietary films. Originally established as Mainframe Entertainment, the company broke ground by producing the first ever CGI animation series ReBoot. In addition to developing its own properties, Rainmaker also produces feature length DVD's for many top international brands including Barbie, Max Steel and Tony Hawk, and more. Rainmaker's clients include Mattel, The Weinstein Company, Lionsgate, Sony, Ubisoft, Electronic Arts and MTV. For more information, go to www.rainmaker.com.
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