Word: disneyed
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...sure, there's longer-term concern about Disney's profit machines, ESPN and the Pixar alliance that produced Nemo. ESPN growth may stall as cable operators balk at the 20% annual-fee increases that ESPN has charged over the past several years. Pixar, run by Apple's Steve Jobs, has little incentive to keep giving Disney a full 50% share of the profits from Pixar pictures, along with a distribution fee, in exchange for splitting the costs. Several entertainment companies are offering Pixar more favorable terms than Disney's old deal, and Jobs is said to be getting peeved...
Prizefight Disney chief Michael Eisner has survived many a corporate battle. But what if the challenge comes from a guy named Disney...
...issue is a wrongful-death lawsuit filed against the Walt Disney Co. by the estate of a 23-year-old woman from Spain who died of a brain hemorrhage sustained on the Indiana Jones ride at Disneyland. "I'm pushing to have the amusement parks warn unsuspecting guests that even if they believe they are in good health, there is a risk they could suffer a serious injury," says her attorney, Barry Novack. Theme-park officials are not atingle at the prospect of being lumped with common carriers. "We're in the business of thrilling people and having excitement," says...
...members of the WALT DISNEY CO. board resigned last week with a call to oust CEO Michael Eisner. Long gone are the days when Eisner, a TIME cover subject in 1988, was seen solely as the company's rescuer...
Eisner's revival of Disney has made him the current king of Hollywood and the darling of Wall Street. More important, though, is that Disney fans have begun to recognize him as a corporate hero of sorts, a long-awaited, trustworthy heir to Walt. Eisner has established himself as a charismatic, young-dad figure by appearing each week as the host of the Disney Sunday Movie, where the husky-voiced executive clowns with Mickey, Minnie and other colleagues. "This job is so perfect for him," says Dawn Steel, president of Columbia Pictures and a former co-worker at Paramount...