IDT takes stake in POW!

Co. joins Lee to distrib toon DVDs

IDT Entertainment has acquired a minority stake in Stan Lee’s POW! Entertainment in a deal that gives the company exclusive distribution rights to the comicbook vet’s upcoming animated DVD properties.

As part of the pact, IDT and POW! will jointly develop and produce a minimum of six animated films to be distributed directly on DVD and possibly broadcast on TV.

Lee, who is chief creative officer of POW!, will invent original characters for the projects in the series, to be called “Stan Lee Presents.”

The DVDs will become part of the Anchor Bay catalog, which IDT recently acquired.

Lee has created such comicbook icons as Spider-Man, Daredevil, the Hulk and the X-Men.

IDT Entertainment, a subsid of telco IDT Corp., has been building a network of animation facilities in Hollywood, New Jersey, Vancouver, Toronto and Israel to create traditional and computer-generated animation for its own projects and clients.

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