Word: disneyism
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Dates: during 1990-1999
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...romantic yarn in which a Montana cowboy with a mystical gift for communicating with horses has a torrid affair with a British-born magazine editor from New York, caused a stir in publishing and Hollywood circles as soon as the manuscript began circulating last fall. Robert Redford and Disney ponied up $3 million for movie rights; Dell Publishing won North American book rights for $3.15 million; and foreign rights topped $2 million. And that was before Evans had even finished writing the book...
American business has been dreaming big dreams for the past several years. Acquisitors from Disney to Chemical Bank continue to gobble up firm after firm. So far this year, there have been more than $270 billion worth of such expansions. Yet the corporate divorce rate runs high, as companies spin off partners they once bought with great fanfare. In fact, Wall Street investors are scouting bargains among once acquisitive companies that are now dubbed "tangerines" because they seem ripe to be taken apart in segments. Meanwhile, the celebrated corporate restructurings of the past decade may be most remembered...
Once the news spread, so did a lot of other people. When the acquisition is complete, Time Warner will regain its rank as the world's largest media company, ahead of the newly combined Walt Disney and Capital Cities/ABC. "This is far and away the dream deal," boasts Levin, who called the merger with Turner "a sublime combination." The deal brings together a vast collection of brand names in Time Warner's movie, music and publishing divisions (including TIME magazine) and Turner's cable and TV news operations...
...what does John Harvard have to say about all these tourists visiting the Disney World of academia...
...deal, which would vault Time Warner ahead of the newly combined Walt Disney Co. and Capital Cities/ABC, raises questions ranging from how Levin, Turner, Malone and top Time Warner executives would co-exist to the impact on Time Warner shareholders. The buyout would lock the cerebral Levin into a potentially volatile alliance with the driven and charismatic Turner, who would own about 11% of Time Warner stock and become its vice chairman under the expected terms of the agreement. "In bringing Turner in, Jerry is rolling big dice," says a media-industry watcher. "He may continue to be chairman...