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BUSINESS
November 18, 2000 | Bloomberg News
Walt Disney Co. agreed to sell DIC Entertainment to the unit's chief executive, Andy Heyward, and Boston-based investment firm Bain Capital Inc., letting the animation studio go independent. Terms weren't disclosed. DIC, known for such characters as Inspector Gadget, Madeline and Sonic the Hedgehog, will continue to have a relationship with Disney.
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BUSINESS
September 20, 1994 | Greg Johnson, Times staff writer
Disney Store Growth: The Walt Disney Gallery will open Nov. 4 in MainPlace Santa Ana. The new store will "celebrate the history, creativity and inspiration of the Walt Disney Co.," according to the company. The gallery will sell Disney animation art, collectibles, fashions and home accessories. Disney Chairman and Chief Executive Michael D. Eisner described the new retail venture as an extension of its existing Disney Store chain, which already has a location at MainPlace.
BUSINESS
March 11, 1994 | From Times Staff and Wire Reports
Disney World Heeds Minority Protests: The Orlando, Fla., theme park announced a program for hiring more minority contractors in response to complaints from the Southern Christian Leadership Conference and other groups. The SCLC then canceled the "Mickey Is a Rat" demonstration it had planned for Saturday at the park. The Rev. Roderick Zak of the SCLC said Walt Disney Co. has set a goal of 15% minority participation by the year 2000 in business and construction related to Disney World.
BUSINESS
July 7, 2001 | From Times Staff and Wire Reports
Walt Disney Co. said Friday that it will close its DisneyQuest arcade-theme park in Chicago at the end of the summer after two years of poor financial results. About 270 jobs will be eliminated when the venue closes Sept. 4, said Disney spokeswoman Leslie Ferraro. More than 70% of the employees are part-time workers, she said, and some of the park's staff may be hired by other Disney operations. Disney said last year that it wouldn't build any more of the brand-name indoor theme parks.
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