theodp writes "'You have a lot of missing images, in the TV, in the news reporting,' explains billionaire Jimmy Lai. It's a gap that Lai's Next Media intends to fill with its animated news service. Artists lift details from news photos while actors in motion sensor suits re-create action sequences of stories making headlines. Animators graft cartoon avatars to the live-motion action, and the stories hit the Web. When news agencies didn't have footage of scenes from the Tiger Woods car crash, Lai's team raced to put together animation dramatizing the incident that became a YouTube sensation. Thus far, Lai has been denied a television license, but with or without his own station, he thinks his animations are headed for televisions worldwide. His company is currently in talks with media organizations to churn out news animations on demand using Next Media's graphic artists and software tools."