Nickelodeon; a record label with BMG Kidz; and a home media label with Buena Vista Home Video. In 1995, Henson entered into an agreement with ABC to produce primetime television series, leading to Muppets Tonight and Aliens in the Family. Following the releases of The Muppet Christmas Carol and Muppet Treasure Island by Walt Disney Pictures, Henson formed Jim Henson Pictures with Sony Pictures Entertainment. In 1998, the company signed a deal with Columbia TriStar Home Video to launch Jim Henson Home Entertainment. By 1999, Henson held partial interests in two cable channels: The Kermit Channel (broadcasting in Asia) and Odyssey Network (broadcasting in the United States), both jointly owned with Hallmark Entertainment. After Hallmark (through Crown Media Holdings) assumed full ownership of these networks, the Kermit Channel was discontinued and Odyssey was renamed the Hallmark Channel. 2000 to 2004 In 2000, the Henson family sold the company to the German media company EM.TV & Merchandising AG, for $680 million. That summer, EM.TV sold Henson's stakes in the Odyssey and Kermit cable channels in exchange for an 8.2% stake in Hallmark-controlled Crown Media Holdings. By the end of 2000, after EM.TV subsequently experienced major financial problems, EM.TV sold the company's ownership of the Sesame Street Muppets and Henson's small interest in the Noggin television network to Sesame Workshop, and by early 2001, Henson itself was marked for sale. The Walt Disney Company, Viacom, HIT Entertainment, Aol Time Warner, Saban Entertainment, Classic Media, as well as Henson management, among others, were all parties reportedly interested in acquiring the company. In December 2002, a deal was announced in which EM.TV would sell a 49.9% stake in Henson to an investment group led by Dean Valentine, a former executive at Disney and UPN. However, in March 2003, the deal was canceled, citing financial issues on Valentine's part. In May 2003, EM.TV was reportedly nearing an agreement to sell Henson to a consortium between Classic Media and Sesame Workshop (with financing from Sony Pictures Entertainment), until the Henson family re-acquired the company for a closing price of $84 million. In February 2004, Henson sold the Muppets and Bear in the Big Blue House to The Walt Disney Company, who subsequently formed The Muppets Studio (known at that time as The Muppets Holding Company). The term "Muppet", likewise, became a legal trademark of Disney; Sesame Workshop retains permission to use the term for its Sesame