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February 28, 2005

Disney, Miramax Finalizing Split Walt Disney Co. and Miramax Films Corp. co-founders Bob and Harvey Weinstein are putting the finishing touches on the dissolution of their Hollywood marriage.After several weeks of intense negotiations, the two sides have reached agreement on the main terms of their divorce, according to sources close to the negotiations. The deal could be announced as early as this week."It's pretty much ironed out right now," one source said.Representatives of Disney and Miramax would not comment.

Details & Discussion Here Posted By: Ray @ 9:38 AM | permalink

February 18, 2005

Disney Tries New Adventure Lands The Walt Disney Co. will test the concept of offering guided tours to destinations far from its theme parks and having little to do with Mickey Mouse, Donald Duck or its other famed characters, a spokeswoman said Thursday. Disney is recruiting families aboard its Disney Cruise Line, at its World of Disney Store in New York and elsewhere, offering them discounted trips to Hawaii and Wyoming in the summer. Disney will charge $5,600-$7,800 for a family of four and will take groups of about 30 on guided tours to the two states. Plans are for six tours to Wyoming and nine to Hawaii.

Details & Discussion Here Posted By: Ray @ 9:18 AM | permalink

February 13, 2005

Disney Shareholder Meeting is Low-Key In contrast to the Philadelphia rebellion of one year ago, Walt Disney Co.'s annual stockholder meeting Friday was a tepid, three-hour affair. It was last March that Eisner was roasting on the grill as big institutional shareholders slapped him with a 45 percent no-confidence vote that led to his being stripped of his chairman's title. This year, Eisner and Disney's 11 other directors got a warm reception in a city where Friday's 40-plus degree temperature seemed downright tropical compared to the sub-freezing days of late. Encouraged by better earnings, an improved stock price and a promise that Disney's board is searching for Eisner's successor, shareholders overwhelmingly elected each director. Disney President Robert Iger, who hopes to succeed Eisner, got a boost for his candidacy by garnering 95 percent of the shares voted for his re-election. Beyond that, the meeting touched on, but revealed little new, about such pending issues as the search for a potential successor to Eisner, its strained relationship with the company's Miramax film unit and Disney's falling out with Pixar Animation Studios, maker of such hits as The Incredibles and Finding Nemo.Indeed, the meeting, with more than 2,000 attending, had the air of a populist, grass-roots convention.

Details & Discussion Here Posted By: Ray @ 1:13 PM | permalink

February 12, 2005

Disney Shareholder Voting Results Shareholders of The Walt Disney Company today displayed strong support for the Company's Board of Directors at the Company's 2005 Annual Meeting of Shareholders, voting at least 92 percent in favor of each member of Disney's Board of Directors. Shareholders voted as recommended by the Board of Directors on four of five proposals presented, including election of 12 existing directors to new one-year terms, ratification of PricewaterhouseCoopers LLP as the company's independent accountants for the current fiscal year, and approval of the 2005 Stock Incentive Plan. Shareholders rejected a shareholder proposal regarding China labor standards, and approved a non-binding shareholder resolution to bar payment of greenmail.

Details & Discussion Here Posted By: Ray @ 2:37 AM | permalink

February 08, 2005

The Walt Disney Company to Web Cast Its Annual Meeting of Shareholders The annual meeting of shareholders of The Walt Disney Company will be available live via audio Web cast at www.disney.com/investors beginning at 11:00 a.m. EST on February 11, 2005. A re-play will be provided through Friday, February 18, 2005 at 4:00 p.m. PST.

Details & Discussion Here Posted By: Ray @ 9:30 PM | permalink

Conde Nast Traveler Magazine Names Grand Floridan Best in Central Florida Three Disney Resorts have earned the coveted distinction of being named in Condé Nast Traveler 2005 Gold List. More than 20,000 magazine subscribers polled named Disney's Grand Floridian Resort Spa the best hotel in Central Florida for the fourth consecutive year. Disney's BoardWalk Inn and Disney's Saratoga Springs Resort Spa were also recognized on the Reserve category - a selection of hotels and resorts that complements the Gold List.

Details & Discussion Here Posted By: Ray @ 9:27 PM | permalink

February 07, 2005

ABC Extends Deal to Broadcast Oscars for 10 Years The Academy of Motion Picture Arts and Sciences, which gives out Hollywood's Oscars (news - web sites), has extended the deal to air its annual awards show on the ABC television network for 10 years, Academy President Frank Pierson said on Monday. Pierson declined to give financial details of the pact with the network, which is owned by The Walt Disney Co . Pierson said this new deal gives ABC the right to air the telecast through 2014. ABC has broadcast the Oscars for nearly 30 years, reaching tens of millions of U.S. viewers and bringing in lucrative revenues from expensive advertising.

Details & Discussion Here Posted By: Ray @ 9:32 PM | permalink

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