Word: disneyisms
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Corporate tea readers spent much of last week trying to divine what might have soured Redstone on Biondi. Some pointed to the departure of Geraldine Laybourne, the widely respected head of Nickelodeon, who was hired away by Disney last month. Others cited disappointing financial results at Blockbuster; cash flow fell short of projections last year, as the video chain was faced with aggressive discounting by competitors. Early this month several Wall Street analysts lowered their profit estimates for the company...
Biondi is the latest of several mega-media executives who have recently been toppled, with little or no warning, from major posts. Jeffrey Katzenberg, longtime chairman of Walt Disney Studios, left in 1994 after a falling-out with corporate chairman Michael Eisner. Michael Schulhof, head of Sony Corp.'s U.S. operations, was ousted last month after clashing with his Japanese bosses. Michael Fuchs, the longtime head of HBO and (for six months) chairman of the Warner Music Group, was fired in November by Time Warner chairman Gerald Levin...
...need to express a vision and who are willing to maintain the integrity of that vision...is extremely important to me." But clearly money, and lots of it, is also important to her. Late last year she and her lawyers approached four record companies, Sony, PolyGram, DreamWorks SKG and Disney, asking for a $100 million deal. Unsatisfied by their offers, she returned to Virgin, for which she has previously recorded, and got her $80 million. In part this may be because Thorn EMI, Virgin's parent company, is rumored to be looking to sell its music holdings and thus needs...
WASHINGTON, D.C.: Should American families be taxed to enrich the shareholders of powerful companies like Disney, Time Warner, and TCI? Raising that question in Thursday's New York Times, columnist William Safire reports that Senate Majority Leader Bob Dole told him that the sweeping telecommunications reform bill, already passed by the House and Senate and now in conference to resolve differences, effectively loans telecom giants immensely valuable new digital bandwidths worth an estimated $70 billion. "This is a big, big corporate welfare project," Safire says Dole told him. "Here we're cutting Medicaid and doing all the painful things while...
...BRIAN WILSON: I JUST WASN'T MADE FOR THESE TIMES (Disney) His breezy pop songs were filled with the sort of intriguing musical complexities that made even the Beatles jealous. Using interviews with music scholars and performers, this documentary about the Beach Boys' Brian Wilson conveyed the originality of his compositions in language that was illuminating and never boring...