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June 28, 2004

Disney Debuts New Safer, Quieter and More Environmentally Friendly Fireworks Technology

After years of research and testing, Walt Disney Imagineering has perfected a new innovation in fireworks launch technology, marking the pyrotechnic industry's first major breakthrough in decades. The new technology uses compressed air to lift fireworks, virtually eliminating the need for smoke-producing black powder and other materials at launch, significantly reducing ground-level smoke and noise while continuing to provide a highly entertaining show. The air launch system debuted when the Disneyland Resort in Anaheim, California, recently unveiled its new summer fireworks show, "Disney's Imagine -- a Fantasy in the Sky."

Details & Discussion Here
Posted By: Ray @ 3:22 PM | permalink

June 25, 2004

Disney Sees Less Investment in Film

The Walt Disney Company plans to scale back spending on films, although it aims to remain a Hollywood staple, Chief Executive Michael Eisner and other executives said on Thursday. Chief Financial Officer Tom Staggs told the investors that a slate of 13 to 16 films per year for the Disney, Hollywood Pictures and Touchstone labels, produced good results since executives were forced to be selective in the movies they make and market. "We found there is no direct correlation between spending more and making more in terms of our returns," Chief Operating Officer Bob Iger said. Iger also said Disney did not see many more places to build major traditional theme parks around the world beside the one under construction in Hong Kong and a park in Shanghai that Disney is actively considering.

Details & Discussion Here
Posted By: Ray @ 2:32 AM | permalink

June 24, 2004

Disney Characters Appear on New Stamps

Four stamps with the theme "The Art of Disney: Friendship," were displayed amid fireworks outside Sleeping Beauty Castle at Disneyland. Additional Disney-themed stamps will be released in the future. Bambi and Thumper appear in one stamp. Pinocchio and Jiminy Cricket are in another. Mufasa and Simba from "The Lion King" have their own stamp and Mickey appears with Donald Duck and Goofy. It is the third time Disney has been featured on U.S. stamps. A portrait of Walt Disney surrounded by children was featured on a 1968 stamp. Snow White made her appearance on a stamp in 1998.

Details & Discussion Here
Posted By: Ray @ 9:35 AM | permalink

June 20, 2004

Disney Aims at Video Renters With Moviebeam

In an effort to reach movie consumers directly, the Walt Disney Co plans to compete with video renters like Blockbuster Inc through a low-cost service called Moviebeam it is expanding this fall, company officials said. In interviews this week, Disney executives said Moviebeam is a first step in a broader technology push aimed at becoming more like a retailer in new, digital business arenas. By shedding its current position as a wholesaler that packages films on videos or DVDs, Disney would reap all the rental revenue instead of sharing it with retail outlets.

Details & Discussion Here
Posted By: Ray @ 1:15 PM | permalink

June 13, 2004

Disney Welcomes Home Troops

Walt Disney World commemorated the Florida National Guard's homecoming with a celebration at the Disney Wide World of Sports Complex on Saturday. Soldiers home from training around the nation and from operations in Afghanistan and Iraq played games with their children and enjoyed refreshments. The children took part in activities such as face painting. But in all their simplicity, the red, silver and blue balloons provided the most entertainment for many kids.

Details & Discussion Here
Posted By: Ray @ 10:29 AM | permalink

June 09, 2004

Euro Disney Wins Debt Reprieve After Last-Minute Bank Deal

Euro Disney said that it had won a reprieve from a debt crisis and risk of default by striking an outline deal with creditor banks just before a deadline expired. The deal, which restructures debt of 2.4 billion euros (2.9 billion dollars), involves the parent group and key shareholder Walt Disney Company of the United States, the French state-owned Caisse des Depots et Consignations investment body, and a committee representing other lenders.

Details & Discussion Here
Posted By: Ray @ 8:05 AM | permalink

June 07, 2004

Post Office to Honor Mickey Mouse & Friends June 23

On June 23, the U.S. Postal Service will dedicate The Art of Disney: Friendship, as a set of four commemorative postage stamps honoring friendship as it appears in the art of Walt Disney. The stamps feature Mickey Mouse, Goofy, Donald Duck and a host of Disney friends. And thanks to a new set of stamped postal cards and stamped stationery available that day, the Postal Service and Disney are making it easy to write home.

Details & Discussion Here
Posted By: Ray @ 10:19 AM | permalink

 

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