MTV bets on animation

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MTV Networks said Tuesday it will invest more than $420 million for original animation over the next five years for both Nickelodeon and MTV. The investment includes animation for TV series, feature films and other animated products. Upcoming animated TV projects include the Nickelodeon series "Hey Arnold!" and "Angry Beavers" plus a new strip series beginning in 1998; a weekly MTV series for MTV entitled "Daria," the female character from MTV's "Beavis & Butt-head;" and a potential VH1 series for 1998.

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