November 11, 2011 |
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.
November 10, 2009 |
In a continued housecleaning at Walt Disney Co., studio distribution veteran Mark Zoradi is leaving after 29 years. The departure of Zoradi, president of Disney's motion pictures group, follows the ousting of his former boss, Disney Studios Chairman Dick Cook, in September and Miramax Films President Daniel Battsek late last month. Under the direction of Disney Chief Executive Bob Iger, the Burbank studio is being remade by Cook's successor, Rich Ross, former president of Disney Channels Worldwide.
December 17, 2010 |
The labor union representing hourly workers at the Disneyland Resort hotels is seeking to give shareholders a greater voice in executive compensation at parent Walt Disney Co. Unite Here has put forth a pair of proposals that it says would more closely align an executive's pay and bonuses with the company's performance, holding out Chief Executive Robert A. Iger's pay package for special scrutiny. The group cited harsh criticism of Iger's salary by two corporate governance authorities in a filing with the Securities and Exchange Commission.
August 10, 2011 |
Walt Disney Co. reported a jump in net income for its fiscal third quarter, buoyed by the strong performance of its theme parks and its cable television channels — most notably, the ESPN sports network. The company posted a net income of nearly $1.47 billion for the quarter that ended July 2, up 11% from a year earlier. Revenue rose to $10.67 billion, a gain of 7% from the same period last year. The results were better than Wall Street had expected. However, the Burbank entertainment conglomerate's earnings were affected by a charge of $34 million at the film studio related to layoffs in June.
March 24, 2011 |
Walt Disney Co. shareholders returned Apple Inc. Chief Executive Steve Jobs to the entertainment company's board of directors, despite questions raised about whether his health would hamper his ability to serve. Jobs was reelected along with 12 other directors. The shareholders also rejected a proposal that would have ended the practice of allowing Disney's board to administer a retest to determine whether senior executives qualify to receive stock bonuses. Unite Here, the union that represents about 2,100 hotel workers at Disneyland and California Adventure theme parks, put forth the proposal, maintaining that the second eligibility test increases the likelihood that top Disney executives would receive their awards.
May 17, 2006 |
When ABC announced Tuesday that its fall slate would include three series created by star television writer-producer J.J. Abrams, Hollywood insiders suspected that there was a bit more behind Abrams' trifecta than the success of his hit show "Lost." For weeks, Abrams' representatives have been floating a proposal to ABC's corporate parent, Walt Disney Co., and to several other entertainment companies that have expressed a keen interest in being in the J.J. Abrams business. Even before Abrams' film directorial debut, "Mission: Impossible 3," opened in theaters May 5, his agent and lawyers had been offering studios the chance to bankroll a new "creative collective" -- a major stand-alone label that would employ many co-creators, story editors, staff writers and producers with whom Abrams has worked for many years.
November 13, 2009 |
A high-level executive reshuffling at the Walt Disney Co. on Thursday will give Chief Executive Robert A. Iger a deeper bench from which to choose a No. 2. The restructuring came in advance of the company's fourth-quarter earnings announcement. Disney reported an 18% bump in income, fueled by gains in the television group that helped offset a loss at the film studio and softness in the theme park business. As part of the management changes, Chief Financial Officer Tom Staggs will trade jobs at the end of the year with Parks and Resorts Chairman Jay Rasulo.
August 8, 2012 |
Marvel's comic book superheroes "The Avengers" proved up to the task of vanquishing not only a malevolent demigod — but also the ghost of "John Carter. " The blockbuster summer movie, which has garnered nearly $1.5 billion in worldwide box-office receipts so far, helped Walt Disney Co. post a better-than-expected 24% increase in quarterly earnings. Buoyed by "The Avengers" and improvements at its theme parks and consumer products groups, the Burbank company reported a profit of $1.83 billion, or $1.01 a share, for its fiscal third quarter, which ended June 30, compared with $1.48 billion, or 77 cents a share, a year earlier.
February 28, 2012 |
I've been to Disneyland hundreds of times over the last two decades and have been writing the Funland theme park blog for about four years now. As a result, people are always asking me how to do everything at Disneyland in a single day. The short answer is you probably can't. It can be a struggle for even hard-core fans with military assault-like strategies. The longer answer is there's lots of ways to maximize your time in the park and get on the most rides possible. PHOTOS: How to do Disneyland in a day So in honor of Disneyland's 24-hour Leap Day celebration , here are my seven tips for tackling Disneyland in a day: Tip 1: If you're trying to get the most out of your day at Disneyland , I always recommend arriving just before the park opens in the morning, staying until the park closes at night and taking a long break in the heat of the afternoon at your hotel pool or cocktail bar. It may sound like a long day, but you'll get more done in the first two hours and the last two hours of your day than if you spent 15 hours straight at the park.
February 3, 2014 |
Disney Interactive, the struggling video game and digital media subsidiary of the Walt Disney Co., is expected to begin a round of layoffs, according to a source with knowledge of the matter. The cuts could come as soon as this week. Disney Interactive, which lost more than $200 million a year between 2008 and 2012, is in a period of transition. The division parted ways with its Co-president John Pleasants in November, just months after the successful launch of its "Disney Infinity" video game. The Wall Street Journal, which first reported news of the layoffs, said Disney Interactive would lay off "several hundred people.