SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 15, 1998
IWERKS ENTERTAINMENT, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-22558 95-4439361
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
4540 West Valerio Street
Burbank, California 91505-1045
(Address of Principal Executive Offices)
(818) 841-7766
(Registrant's Telephone Number)
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ITEM 5. OTHER EVENTS
Reference is made to the press release of Registrant, issued on June
15, 1998, which contains information meeting the requirements of this Item 5,
and which is incorporated herein by this reference. A copy of this press release
is attached to this Form 8-K as Exhibit 99.1.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
June 16, 1998 IWERKS ENTERTAINMENT, INC.
By: /s/ Bruce Hinckley
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Bruce Hinckley
Chief Financial Officer
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EXHIBIT INDEX
Exhibits Page Number
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99.1 Press Release dated June 15, 1998.
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BURBANK, Calif.--(ENTERTAINMENT WIRE)--June 15, 1998--Iwerks Entertainment Inc.
(Nasdaq:IWRK) announced that it has engaged the international investment banking
firm Schroders to assist the company in developing its strategic growth plan.
Schroders will support Iwerks in various investment banking and corporate
finance activities designed to further Iwerks' long-term success in the
large-format and ride simulation industries.
Among other things, Schroders is engaged to assist Iwerks in seeking long-term
strategic partners; identifying financing opportunities for core activities such
as film production, and for possible joint ventures; and accelerating the
company's aggressive expansion initiatives in the large-format arena.
Charles Goldwater, chairman of the board and chief executive officer of Iwerks,
said: "Schroders provides us with a promising added dimension to our already
invigorated efforts. Bringing to Iwerks their renowned capabilities and
relationships throughout the world is another key step in our ongoing strategy
to build our business in a manner that increases shareholder value."
Schroders is a leading international investment and merchant banking and fund
management group. The group's activities cover a wide range of financial
services, including corporate finance, capital markets, project finance,
securities, financial markets, structured products, banking and leasing,
investment management, property asset management, and venture capital and
management buy outs.
Iwerks Entertainment is one of the world's leading providers and distributors of
film-based attractions such as 2-D and 3-D ride simulation, 2-D and 3-D giant
screen theaters, 360-degree video dance clubs and other immersive attractions.
Serving prestigious entertainment, information and marketing providers, more
than 250 Iwerks attractions can be found worldwide at location-based
entertainment centers, amusement parks, family entertainment centers, shopping
centers, casinos, resorts, nightclubs, restaurants, museums, fairs, festivals
and more. Visit Iwerks Entertainment on the Internet at "http://www.iwerks.com."
Contact:
Iwerks Entertainment Inc., Burbank
Krista Grossman, 310/442-2516
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