Disney compnay
YouTube, Disney close to deal
03/30/09 07:54 PM
Google-owned
YouTube and Walt Disney Co. are close to finalizing a deal to
distribute videos from Disney properties on the video-sharing
website, The Wall Street Journal online reported on Monday.
The newspaper, citing "people familiar with the matter," said the agreement would involve Disney putting some clips, including sports content from ESPN, on YouTube and sharing advertising revenue.
It said Disney would gain the right to sell advertisements against its content and then share that revenue with YouTube.
The Disney-YouTube agreement, which the newspaper said was "still in flux, is not expected to include full-length episodes of hit television shows, which Disney distributes on ABC.com, the Journal said.
It also said Disney was talking separately to video-sharing site Hulu about putting full episodes of ABC programs on its service. The deal would involve Disney taking up an equity stake in Hulu.
Hulu currently has four stakeholders: NBC Universal, News Corp., Providence Equity Partners and the Hulu employees.
Google purchased YouTube in 2006 for 1.65 billion dollars and has been searching for ways to translate its immense popularity into a money-making venture.
The newspaper, citing "people familiar with the matter," said the agreement would involve Disney putting some clips, including sports content from ESPN, on YouTube and sharing advertising revenue.
It said Disney would gain the right to sell advertisements against its content and then share that revenue with YouTube.
The Disney-YouTube agreement, which the newspaper said was "still in flux, is not expected to include full-length episodes of hit television shows, which Disney distributes on ABC.com, the Journal said.
It also said Disney was talking separately to video-sharing site Hulu about putting full episodes of ABC programs on its service. The deal would involve Disney taking up an equity stake in Hulu.
Hulu currently has four stakeholders: NBC Universal, News Corp., Providence Equity Partners and the Hulu employees.
Google purchased YouTube in 2006 for 1.65 billion dollars and has been searching for ways to translate its immense popularity into a money-making venture.
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"Disney Fairies" costumes and accessories are popular-selling merchandise items at Walt Disney World
03/30/09 07:51 PM
GOT WINGS?:
Costumes and accessories from the new "Disney Fairies" have become
popular-selling merchandise items at Walt Disney World. Costumes
available feature the five Disney Fairies -- Tinker Bell, Iridessa,
Rosetta, Silvermist and Fawn -- that star in the new "Tinker Bell"
animated film, debuting on Disney DVD Oct. 28, 2008. The fairies
will also make appearances in the Magic Kingdom in a new
meet-and-greet location called "Pixie Hollow," which opens Oct. 24,
2008. In addition to costumes, merchandise featured includes
costume accessories like wands, pixie "crowns" and illuminated
wings. Tinker Bell first appeared in the 1953 Disney animated
classic "Peter Pan," and has become famous for "flying" above the
Disney theme parks during pyrotechnic shows
Happy Birthday Steve Jobs
02/24/09 09:34 PM
Happy Birthday, Steve! Today is Apple
CEO and co-founder Steve Jobs' 54rd birthday. Jobs was born on
February 24, 1955.
Steve Jobs was a college dropout when he teamed up with Steve Wozniak in 1976 to sell personal computers assembled in Jobs' garage. That was the beginning of Apple, which revolutionized the computing industry and made Jobs a multimillionaire before he was 30 years old. He was forced out of the company in 1985 and started the NeXT Corporation, but returned to his old company in 1996 when Apple bought NeXT. Jobs soon became Apple's chief executive officer and sparked a resurgence in the company with products like the colorful iMac computer, [Mac OS X, the iPod, and the iPhone]. Jobs was also the CEO of Pixar, the animation company responsible for movies like Toy Story and Monsters, Inc. Pixar was purchased by the Walt Disney Company in 2006 for $7.4 billion in stock; the deal made Jobs the largest individual shareholder of Disney stock.
Some sources list Los Altos, California as Jobs's place of birth. However, in a 1995 oral history interview with The Smithsonian, Jobs said, "I was born in San Francisco, California, USA, planet Earth, February 24, 1955." Jobs was given up for adoption after birth and raised by his adoptive parents in Silicon Valley... His biological sister is novelist Mona Simpson, author of "Anywhere But Here."
Steve Jobs was a college dropout when he teamed up with Steve Wozniak in 1976 to sell personal computers assembled in Jobs' garage. That was the beginning of Apple, which revolutionized the computing industry and made Jobs a multimillionaire before he was 30 years old. He was forced out of the company in 1985 and started the NeXT Corporation, but returned to his old company in 1996 when Apple bought NeXT. Jobs soon became Apple's chief executive officer and sparked a resurgence in the company with products like the colorful iMac computer, [Mac OS X, the iPod, and the iPhone]. Jobs was also the CEO of Pixar, the animation company responsible for movies like Toy Story and Monsters, Inc. Pixar was purchased by the Walt Disney Company in 2006 for $7.4 billion in stock; the deal made Jobs the largest individual shareholder of Disney stock.
Some sources list Los Altos, California as Jobs's place of birth. However, in a 1995 oral history interview with The Smithsonian, Jobs said, "I was born in San Francisco, California, USA, planet Earth, February 24, 1955." Jobs was given up for adoption after birth and raised by his adoptive parents in Silicon Valley... His biological sister is novelist Mona Simpson, author of "Anywhere But Here."
Disney to Reorganize U.S. Theme Parks, Eliminate Jobs
02/23/09 08:15 PM
The
Walt
Disney Co., the
world’s biggest theme-park operator, is reorganizing its U.S.
resort operation and cutting jobs to streamline decision-making and
reduce costs.
The action consolidates oversight of parks in Southern California and Florida, Burbank, California-based Disney said today in an e-mailed statement. Al Weiss, president of worldwide operations, will lead the reorganization.
The moves were brought on by economic conditions, Disney Parks and Resorts chairman Jay Rasulo said in a statement. The company offered voluntary buyouts to about 600 parks-unit executives last month and extended discounts through Aug. 15 to lure visitors.
“We expect Disney to continue cutting costs so long as U.S. economic weakness persists,” Laura Martin, an analyst at Soleil Securities Corp. in Los Angeles, said in an interview.
Disney may postpone new attractions to lower spending further, said Martin, who rates the company “hold” and doesn’t own the shares. She expects the company to come up with additional promotions to bring visitors to its parks.
Disney fell 10 cents to $17.53 in extended trading. The shares lost 21 cents to $17.63 at 4:15 p.m. in New York Stock Exchange composite trading.
The company’s ABC network cut 200 jobs and eliminated 200 that hadn’t been filled. ABC’s TV studio and programming divisions are merging. ESPN, Disney’s cable sports channel, said it won’t fill 200 vacant positions, froze hiring through September 2010 and halted executive pay raises.
The company is making “significant” cost cuts at every division and will continue to make reductions, Chief Executive Officer Robert Iger said on a Feb. 3 conference call. The cuts go beyond responding to the economic downturn, he said.
“The worsening recession of 2009 gives companies the opportunity to reevaluate every business,” Martin said.
Theme-Park Results
Disney this month reported a 32 percent drop in fiscal first-quarter profit and said it would cut more jobs in response to the deepening U.S. recession.
Theme-park profit in the period declined 24 percent to $382 million on a 3.9 percent drop in revenue. Disney is offering three nights free and a $200 credit for food and merchandise with a four-night reservation in Florida and Southern California.
“We expect Disney to use creative marketing and promotions to drive park attendance, but at lower revenue per person,” Martin said.
The action consolidates oversight of parks in Southern California and Florida, Burbank, California-based Disney said today in an e-mailed statement. Al Weiss, president of worldwide operations, will lead the reorganization.
The moves were brought on by economic conditions, Disney Parks and Resorts chairman Jay Rasulo said in a statement. The company offered voluntary buyouts to about 600 parks-unit executives last month and extended discounts through Aug. 15 to lure visitors.
“We expect Disney to continue cutting costs so long as U.S. economic weakness persists,” Laura Martin, an analyst at Soleil Securities Corp. in Los Angeles, said in an interview.
Disney may postpone new attractions to lower spending further, said Martin, who rates the company “hold” and doesn’t own the shares. She expects the company to come up with additional promotions to bring visitors to its parks.
Disney fell 10 cents to $17.53 in extended trading. The shares lost 21 cents to $17.63 at 4:15 p.m. in New York Stock Exchange composite trading.
The company’s ABC network cut 200 jobs and eliminated 200 that hadn’t been filled. ABC’s TV studio and programming divisions are merging. ESPN, Disney’s cable sports channel, said it won’t fill 200 vacant positions, froze hiring through September 2010 and halted executive pay raises.
The company is making “significant” cost cuts at every division and will continue to make reductions, Chief Executive Officer Robert Iger said on a Feb. 3 conference call. The cuts go beyond responding to the economic downturn, he said.
“The worsening recession of 2009 gives companies the opportunity to reevaluate every business,” Martin said.
Theme-Park Results
Disney this month reported a 32 percent drop in fiscal first-quarter profit and said it would cut more jobs in response to the deepening U.S. recession.
Theme-park profit in the period declined 24 percent to $382 million on a 3.9 percent drop in revenue. Disney is offering three nights free and a $200 credit for food and merchandise with a four-night reservation in Florida and Southern California.
“We expect Disney to use creative marketing and promotions to drive park attendance, but at lower revenue per person,” Martin said.