BUSINESS
October 14, 2011 | By Dawn C. Chmielewski, Los Angeles Times
The owners of Hulu have taken the pioneering online video site off the market after hoping to fetch $2 billion. News Corp., the Walt Disney Co. and Providence Equity Partners issued a statement Thursday, saying they saw more value in retaining the popular 3-year-old service than in selling it off. "Our focus now rests solely on ensuring that our efforts as owners contribute in a meaningful way to the exciting future that lies ahead for...
ENTERTAINMENT
September 13, 2011 | James Rainey
Days of tributes and memorials to the 10th anniversary of Sept. 11 may have taken their toll, a surplus of sadness pooling like the waterfalls at the new New York memorial. At least most of the stories showed a merciful precision. Most in the media heaped praise on the right figures -- the Goldman Sachs official who died helping co-workers to safety, the firefighter who led a perilous rescue. That restraint didn't extend, unfortunately, to one media giant's communications. In a video memorializing its $5-million contribution to the National September 11 Memorial & Museum, the Walt Disney Co. put the focus squarely on that unknown 9/11 hero, CEO Robert Iger.
BUSINESS
September 10, 2011 | By Dawn C. Chmielewski, Los Angeles Times
In an effort to strengthen its retail business, Walt Disney Co. has consolidated sales of toys, books, apparel, DVDs and video games under a single division to be headed by Robert Chapek, the newly named president of consumer products. The former distribution chief for Walt Disney Studios will oversee an expanded consumer products group that will handle retail and licensing across the entertainment giant's businesses, from its film units — Pixar Animation Studios, Marvel Entertainment and Disney — to the interactive media and television groups.
CALIFORNIA | LOCAL
June 16, 2011
Paul Alter, 89, a veteran TV game-show director and producer who won a 1993 lawsuit against the Walt Disney Co. over similarities between a story outline he wrote and the film "Honey, I Blew Up the Kid," died of natural causes Saturday at his home in Los Angeles, his family announced. He was 89. From the early 1950s through 2000, Alter directed TV game shows, including "Family Feud," "I've Got a Secret," "The Price Is Right," "To Tell the Truth" and "What's My Line?" He won Daytime Emmy Awards for directing in 1982 for "Family Feud" and in 1996 for "The Price Is Right.
BUSINESS
May 24, 2011 | By Joe Flint, Los Angeles Times
David Rone, a former agent at Creative Artists Agency and senior executive at Fox Sports and Walt Disney Co., is joining Time Warner Cable as president of sports. The move further signifies Time Warner Cable's desire to become a force in sports programming. This year, Time Warner Cable snagged the television rights to the Los Angeles Lakers away from Fox Sports and is using the team as the foundation to launch a regional sports network in Southern California. But Rone's background and stature in the media industry is too big for one channel.
BUSINESS
January 29, 2011 | By Dawn C. Chmielewski, Los Angeles Times
Walt Disney Co. Chief Executive Robert A. Iger commanded a 35% jump in salary and bonuses in 2010, rewarding what the board of directors' compensation committee called his "exceptional performance" in the face of a slow-recovering U.S. economy. Iger's salary and bonus reached nearly $16.3 million, up from $12 million a year earlier. His total compensation, including equity awards, reached $28 million, according to the company's proxy filed Friday with the Securities and Exchange Commission.