Classic Media, which specializes in family entertainment, has inked a long term joint venture agreement with Art Clokey's Premavision Inc. to produce and market new Gumby movies and TV series.  Classic Media and Premavision are currently developing both a direct-to-video feature, which is due out in 2008, as well as a new Gumby TV series.

Under terms of the deal Classic Media will also manage the Gumby library, which includes some 223 television episodes and the 1995 Gumby movie.  Classic Media will also work with Heat Licensing to handle all future Gumby licensing projects. 

The new Gumby comic had a good showing in comic shops and at the summer cons (see 'Gumby Poised for a Comeback?').