August 21, 2013 |
The Disney/ABC Television Group, which includes the ABC network, local TV stations and the Disney Channel and ABC Family cable networks, is restructuring its operations, which will result in layoffs across the unit. About 175 jobs are expected to be cut through layoffs or from not filling open positions, a person familiar with the matter said. The Disney/ABC Television Group employs around 7,600 people. “As technological advances continue to alter the competitive landscape and viewer habits, it's incumbent upon us to stay ahead of the curve.
September 14, 2004 |
Former Walt Disney Co. directors Roy E. Disney and Stanley P. Gold said Monday that they would nominate a new slate of directors unless the board moved to replace Chief Executive Michael Eisner before the annual shareholder meeting in March. In an open letter to directors, the two dissidents called for the immediate hiring of an executive recruiting firm to conduct a worldwide search for a new CEO.
March 28, 2014 |
Discovery Communications Chief Executive David Zaslav might run one of the smallest of the major media companies, but his pay remains in the big leagues. Zaslav last year collected compensation valued at $33.3 million, according to Discovery's proxy, which was filed Friday afternoon with the Securities and Exchange Commission. That amount represented a more than 30% drop over Zaslav's 2012 pay arrangement, which was valued at $49.9 million. ON LOCATION: Where the cameras roll Zaslav in 2013 received a base salary of $3 million, a $5.8-million cash bonus and $22.5 million in stock option awards.
August 7, 2012 |
Joss Whedon will return to write and direct a sequel to "The Avengers," Bob Iger, the chief executive of the Walt Disney Co., announced Tuesday. The superhero movie, made by Disney's Marvel Entertainment subsidiary, is one of the biggest hits in modern Hollywood history, with global ticket sales in excess of $1.46 billion. The film's domestic ticket sales of $616.8 million makes it the third-highest-grossing film of all time, trailing just"Avatar" and"Titanic" in non-inflation-adjusted dollars.
September 26, 2011 |
Disney characters apparently enjoy the seafaring life. Disney Cruise Lines announced last Friday the addition of a second Hawaii cruise from Los Angeles to its 2012 schedule. The company says in a statement that the cruise was added because "our guests wanted more options to visit Hawaii. " The second cruise leaves Oct. 14 and will feature eight days at sea during the 14-night itinerary. The cruise aboard the Disney Wonder will stop at four islands: Maui (Kahului)
January 12, 2010 |
Continuing to clean house and put his own team in place, Walt Disney Studios Chairman Rich Ross has ousted the studio's production chief, Oren Aviv, according to two people close to the executive. Aviv, who had been at the studio for 18 years, was president of marketing from 2000 to 2006 before taking the production job. Aviv also served as an executive producer on the studio's movie series "National Treasure" and was a close ally of former studio head Dick Cook, who was ousted by Ross last year.
June 15, 2012 |
The opening day of Disney's California Adventure has begun. Characters from the "Newsies" film and musical danced on stage Friday as company Chief Executive Bob Iger lauded the changes to the park. “We believe the transformation over the last five years, culminating in Buena Vista Street and Cars Land, created a totally new experience and deserves a grand opening,” Iger said. The Disney California Adventure park, next door to Disneyland, opened in 2001 and has had underwhelming returns, even by the admission of company executives.
February 15, 2013 |
Consumer sentiment rebounded solidly early in February after a disappointing showing the previous two months, according to a survey released Friday. The monthly Thomson Reuters/University of Michigan consumer sentiment index rose to 76.3, up from 73.8 in January. Quiz: How much do you know about looming federal budget cuts? The readings in December and January were weighed down by Americans' concerns about the potential drag from the so-called fiscal cliff, which federal lawmakers averted with a last-minute deal.
November 7, 2001 |
Walt Disney Co. has acquired Baby Einstein Co., a maker of award-winning toys, books and videos for babies and toddlers, in a bid to cash in on the expanding developmental learning market. Terms of the transaction were not released, nor were financial figures on closely held Baby Einstein. The Lone Tree, Colo.-based business, founded in 1996 by former English and art teacher Julie Aigner-Clark, sells books, compact discs and videos that expose babies to poetry, language, music and art.
March 24, 2014 |
Walt Disney Co. is buying Maker Studios, the digital media company behind YouTube successes such as "Epic Rap Battles of History" and PewDiePie. Burbank-based Disney said Monday that it will pay $500 million to Maker shareholders. Based in Culver City, Maker Studios has about 55,000 YouTube channels with 380 million subscribers and 5.5 billion views per month. Shareholders could receive up to $450 million more, depending on Maker's performance after the acquisition.