April 12, 2011 |
The blurry, fuzzy concept art of a Shanghai Disneyland , filled with fireworks, spotlights and a great big castle, paints a picture short on details and vague on specifics about the planned project in China. So why all the secrecy on Disney's part? Three reasons: * To prevent knockoff rides by rival Asian theme parks, which happened before Hong Kong Disneyland's 2005 opening. * To preserve creative flexibility for Disney's Imagineers during the ongoing "Blue Sky" development phase, when rides, shows and even entire lands appear or disappear.
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.
October 30, 2012 |
Walt Disney Co. has agreed to acquire Lucasfilm for $4.05 billion in a surprise deal that gives the media giant control of the "Star Wars" franchise. Along with the purchase, Disney announced that it plans to release a seventh live-action "Star Wars" movie in 2015. The agreement continues Chief Executive Bob Iger's strategy of growing Disney through huge acquisitions that give the Burbank company control of key pieces of intellectual property. In 2009, Disney acquired Marvel Entertainment for $4 billion, a deal that resulted in this year's hit "The Avengers.
October 31, 2012 |
Walt Disney Co.'s $4.05-billion acquisition of Lucasfilm was driven by the desire to tap into the "Star Wars" juggernaut. But the surprise deal will also give Disney other noteworthy assets, including the pioneering visual effects company Industrial Light & Magic and Skywalker Sound. ILM is considered one of the preeminent visual effects firms in the industry, known for its high-level work on the "Stars Wars," "Indiana Jones" and "Jurassic Park" movies, the "Pirates of the Caribbean" and "Iron Man" films and an upcoming "Star Trek" film from J.J. Abrams.
November 18, 2009 |
In his first move affecting a major film project, newly named Walt Disney Studios chief Rich Ross has pulled the plug on a planned $150-million production of "Captain Nemo: 20,000 Leagues Under the Sea" -- the last project approved by his predecessor Dick Cook. The family adventure movie -- a high priority for Disney that the studio had envisioned as a potential franchise along the lines of "Pirates of the Caribbean" -- was scheduled to begin shooting in February in Mexico. Disney had already spent about $10 million hiring crews, who were prepping the movie and planning to build elaborate sets in Rosarito Beach.