BUSINESS
January 5, 2012 | By Meg James, Los Angeles Times
Entertainment giant Walt Disney Co. has struck a deal enabling Comcast Corp. cable customers access to all its popular channels — including ESPN, ABC, ABC Family and the Disney Channel — from portable devices and video-on-demand services. The comprehensive 10-year agreement announced Wednesday underscores how entrenched media giants are lining up to protect the decades-old pay-TV business model. Several years ago, entertainment companies were divided on whether to offer some of their most valuable programming free on the Internet, through services such as Hulu, in hopes of attracting younger viewers and advertising dollars.
BUSINESS
November 11, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. reported strong fourth-quarter earnings, buoyed by gains at Disney Channel and ESPN and at the Burbank company's theme parks. The entertainment giant reported net income of $1.08 billion for the quarter ending Oct. 1, a jump of 30% compared with a year earlier. Revenue also rose 7% to $10.4 billion. Disney achieved record revenue, net income and earnings per share for fiscal 2011. Net income for the year reached $5.26 billion on revenue of nearly $41 billion.
BUSINESS
October 28, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. says it plans to launch a broadcast version of Disney Channel in Russia next year, enabling the entertainment giant to deliver its family programming to about 40 million households in the increasingly important market. Disney will acquire a 49% stake in Seven TV network, a national TV network in Russia, enabling it to air Disney Channel programming on broadcast stations in 54 urban markets, including Moscow and St. Petersburg, as well as in rural areas. The company did not disclose financial terms.
ENTERTAINMENT
September 23, 2011 | By Amy Kaufman, Los Angeles Times
There was always an excuse — a friend to see, a meeting to take, sleep to catch up on. Only a year ago, Demi Lovato was one of Disney's most bankable teen stars, her every move scrutinized by a team of attentive handlers. Yet when an eating disorder and self-mutilation threatened to derail her career, not even her team could see past her sanguine veneer. "I had learned how to control and manipulate everyone around me into believing that I was OK," recalled Lovato, who rose to fame as the star of the popular Disney Channel series "Sonny With a Chance.
BUSINESS
September 16, 2011 | Joe Flint and Dawn C. Chmielewski
Los Angeles Times In the second top-management shake-up this month at Walt Disney Co., the executive in charge of the entertainment giant's powerful Disney Channel is leaving the company after less than two years on the job. The departure of Carolina Lightcap, president of Disney Channels Worldwide, comes on the heels of the abrupt resignation last week of Disney Consumer Products Chairman Andy Mooney. Taking over for Lightcap is Disney Channel veteran Gary Marsh, who was president of entertainment and chief creative officer for Disney Channels Worldwide.
ENTERTAINMENT
July 4, 2011 | By Greg Braxton, Los Angeles Times
Raven-Symoné, the adorable moppet of "The Cosby Show" who years later became a squeaky-clean fixture on the Disney Channel, is so not that Raven anymore. In one scene on her new ABC Family show, "State of Georgia," Raven-Symoné's character, aspiring actress Georgia Chamberlain, tries to seduce an obnoxious casting director into letting her audition for the devil/vamp role of Lola in "Damn Yankees. " At one point, she presents him with a fried chicken dinner, even making suggestive jokes about breasts.