Micheline Charest
From Wikipedia, the free encyclopedia
Micheline Charest (1953 - April 14, 2004) was a successful television producer and founder (and former co-chair) of the Cinar (now Cookie Jar Entertainment) television company.
Contents |
[edit] Biography
Born in London and raised in Quebec, Charest returned to the UK to attend the London International Film School. In 1976, she traveled to New Orleans where she met her future husband, New Yorker and Tulane graduate, Ronald A. Weinberg. While in New Orleans, Charest and Weinberg organized an event for a women's film festival, and worked at distributing foreign films to US theatres. The couple moved to New York and formed Cinar, then a budding film and television distribution company.
In 1984, Charest and Weinberg changed their focus from media distribution to production, and moved the business to Montreal, where they concentrated on children's television programming. During this time, Charest would go on to serve as either producer or executive producer for dozens of popular animated series for children, including The Wonderful Wizard of Oz, Animal Crackers, Arthur, Emily of New Moon, Mona the Vampire, and The Wombles. As a production company, Cinar was also involved in the work of Are You Afraid of the Dark?, The Busy World of Richard Scarry, Madeline, Space Cases and Zoboomafoo. By 1999, Cinar boasted annual revenues of $150 million (CAD) and owned about $1.5 billion (CAD) of the children's television market. The company had become known for quality, non-violent children's programs, broadcast in more than 150 countries.
[edit] Scandal
The success of Charest, Weinberg, and Cinar ended in March 2000, when an internal audit revealed that about $122 million (US) was invested into Bahamian bank accounts without the boardmembers' approval.[1] Cinar had also paid American screenwriters for work while continuing to accept Canadian federal grants for content. The names of Canadian authors were credited for the work, allowing Cinar to benefit from Canadian tax credits. While the province of Quebec did not file criminal charges, Cinar denied any wrongdoing, choosing instead to pay a settlement to Canadian and Quebec tax authorities of $17.8 million (CAD) and another $2.6 million (CAD) to Telefilm Canada, a Canadian federal funding agency. The value of Cinar stock plummeted, and the company was soon delisted.[2]
In 2001, as part of a settlement agreement with the Societe des Valeurs Mobilieres du Quebec (Quebec Securities Commission) Charest and Weinberg agreed to pay $1 million each and were banned from serving in the capacity of directors or officers at any publicly traded Canadian company for five years. There was no admission of guilt and none of the allegations have been proven in court. In March 2004, Cinar was purchased for more than $140 million (US) by a group led by Nelvana founder, Michael Hirsh.[3] Charest and Weinberg reportedly received $18 million (US) for their company shares.
[edit] Death
Charest died on April 14, 2004 due to complications ensued after elective plastic surgery.
[edit] Miscellaneous
Charest was ranked 19th in The Hollywood Reporter's 1997 list of the 50 most powerful women in the entertainment industry. [4]
Charest and Weinberg had two children together.[5]
[edit] References
- ^ Swift, Michael. "Cinar Co-Founders Fined $1 Million Each, Banned From Company For Five Years", March 15, 2005. Retrieved on 2006-09-07.
- ^ "In Depth: Micheline Charest", CBC News Online, April 14, 2004. Retrieved on 2006-09-07.
- ^ "Cinar sold for $143.9 million US; new owner outlines growth strategy", CBC News Online, October 31, 2003. Retrieved on 2006-09-07.
- ^ "In Depth: Micheline Charest", CBC News Online, April 14, 2004. Retrieved on 2006-09-07.
- ^ "Micheline Charest, co-founder of Cinar, dies", CTV.ca, April 15, 2004. Retrieved on 2006-09-07.
