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.
April 6, 2011 |
As Walt Disney Co. prepares to break ground on its first theme park in mainland China, the significance for the company reaches well beyond the opportunity to sell legions of Mickey Mouse-ear hats. Although much smaller than Walt Disney World in Orlando, Fla., the Shanghai park holds outsize importance for the company, because it would provide entree to a market of 1.3 billion people, 30 million of whom enter the middle class each year. When it opens in five years, the $3.7-billion tourist attraction would serve as a launching pad for Disney's broader ambitions in the region.
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.
December 19, 2008 |
I have never been so upset by a poll in my life. Only 22% of Americans now believe "the movie and television industries are pretty much run by Jews," down from nearly 50% in 1964. The Anti-Defamation League, which released the poll results last month, sees in these numbers a victory against stereotyping. Actually, it just shows how dumb America has gotten. Jews totally run Hollywood. How deeply Jewish is Hollywood?
April 16, 1995
The April 9 puff piece on ABC Entertainment President Ted Harbert was the height of vacuous self-promotion ("Networking, '90s Style," by Rick Du Brow). Harbert inherited a network already on the rise, and no credit or mention was given to the previous architect of that ascent: former ABC President Robert Iger. Iger moved up and handed Harbert the reins. Iger did a rather brilliant job, which is why Harbert has so much time on his hands to do publicity. MARC GATTNER Studio City
March 15, 2005
At last, the Magic Kingdom is losing its king -- though ever the marketer, Michael Eisner used his resignation letter to Disney's board of directors to promote an upcoming book and his son's new feature film. It's hard to quibble with the choice of Robert Iger to succeed Eisner at the helm of the iconic entertainment company. He's a Disney veteran credited with turning around the ABC network and building ESPN into a moneymaker.