Tagged With: Business

On Monday, October 16, 2000, Z.com, an Internet comedy content site, laid off 50 workers -- half of its staff. However, the Webcaster has secured additional financing to keep it operating until at least next spring. The company's major backers include Internet incubator Idealab, Basic Entertainment, 3 Arts Entertainment, producer Jerry Bruckheimer and Maverick Records partner Guy Oseary. "It's a tough time," Z.com CEO Joe DiNunzio told THE DAILY VARIETY. "Today's a very challenging day to have to let some really talented people go, but it's in the best interest of the company.

Honkworm International has signed entertainment industry veteran Carah von Funk as senior vice president, corporate development. In her new post, von Funk will oversee the development of strategic business and creative alliances. She will be based out of Honkworm's New York office. Prior to joining Honkworm, von Funk served as vice president, business development for Razorfish Studios, an award-winning multimedia solutions company.

Alias|Wavefront, a SGI subsidiary, announced four key senior management changes. Warren Pratt, the previous president of Alias|Wavefront, has been named chairman of Alias|Wavefront and senior vice president of engineering for SGI. Doug Walker, previously vice president of worldwide field operations and marketing, has been appointed president to fill Pratts place. Dave Wharry has joined Alias|Wavefront to fill the empty seat as vice president of worldwide field operations and marketing. Peter Mehlstaeubler has been promoted to vice president.

Magna Entertainment Corp. has appointed Mark Feldman to the position of president and chief executive officer. Previously, Feldman was executive vice president of E! and was responsible for all of its core business operations, including all international ventures and sales, on-line operations, new business development and general administration.

CINEGROUPE has named LUCE PELLERIN as the new director of business affairs and PAT PALUMBO as the new director of finance and administration. Pellerin joined CineGroupe's business affairs department in September of 1999 as legal counsel. Since 1988, Pellerin has specialized in entertainment law. She has served as head of business affairs for Behaviour Communications and Telescene. For the past 10 years, Palumbo has worked at Pricewaterhouse Coopers in Montreal, both in entertainment and multimedia sectors. For the past few years, he has conducted CineGroupe's audits.