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|Articles - March 2010|
|Friday, February 26, 2010|
Regardless of how Coraline fares at the Academy Awards, it has been a triumphant awards season for Laika, the plucky independent animation studio backed by Phil Knight and run by his son Travis.
Coraline followed up its Academy Award nomination for best animated feature in February with four awards from the International Animated Film Society. That’s quite a debut for a company that has wrestled with financial challenges and internal discontent.
Coraline opened to critical acclaim and surprisingly strong box office sales in February 2009, grossing more than $120 million globally. But the question of what comes next for Laika is as unanswered today as it was a year ago. Plans to build a $55 million, 30-acre campus in Tualatin with a Nike-style fitness center and a 300-seat theater remain on hold, and the studio has yet to commit to a follow-up feature. Rather than hiring talent to gear up for its second feature, Laika has cut jobs and parted ways with Coraline director Henry Selick.
Travis Knight, who took over as president and CEO last March, insists that it isn’t unusual for a small studio to move slowing following a successful debut. “Developing these projects takes time,” he says. “With Coraline, it took a good five years from when we first started working on the script and making the puppets. Even Pixar, as great as they are, took three years between their first two films. We’ll be right in there.”
Knight expects to announce Laika’s next feature film this spring and to hire “hundreds” of people to enter into full production. He says the success of Coraline raises the bar on expectations.
“Five years ago ... you had a lot of films about fuzzy woodland creatures and the usual pop culture jokes — a lot of crude, disposable formulas,” says Knight. “Coraline is an example of pushing on the edges of the form — not to see animation as a genre but as a medium to tell any type of story. That is going to define who we are moving forward: bold subject matter and innovative execution.”
That formula worked for Coraline. Whether it will work for Laika’s second act remains to be seen.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Thursday, June 26, 2014
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
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