Word: disneyized
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MICHAEL EISNER Trial reveals Disney boss derided Katzenberg as "the little midget." Little Mermaid wants blood...
...dispute has long since turned personal for both men. Eisner's book relates how they grew up near each other on Manhattan's Park Avenue and rose through Hollywood's ranks together, with Eisner bringing in the decade-younger Katzenberg, first at Paramount, then at Disney. For two decades they worked in tandem, churning out blockbusters (Aladdin), star-making hits (Sister Act) and plenty of duds (Billy Bathgate). When Eisner wouldn't make Katzenberg his No. 2 after the death of president Frank Wells in a 1994 helicopter crash, the team went down as well...
...Disney, which paid Katzenberg $100 million in salary, stock options and bonuses over a decade at the company, has already conceded much of the case. In a November 1997 agreement that is still partly secret, the company admitted it owed Katzenberg more bonus money, with the figure to be decided by a private judge. Sources tell TIME that Disney subsequently cut two checks totaling $117 million. Katzenberg, however, is still pushing for upwards of $200 million more on everything from Disney's online business to T shirts, saying it is "an annuity for my children." His lawyers almost danced with...
...angry board of directors, and angry shareholders, if Katzenberg wins too much in this suit, especially in the wake of the debacle of paying Katzenberg's successor Michael Ovitz in excess of $100 million to leave after only 14 months in the job. The case has ripped open Disney's accounting books--much to the delight of merchandisers, who can now check their cut against the "real" books. Add to that Disney's other financial woes, with second-quarter earnings down 41%. Wall Street still rates the company a buy, which must be some consolation to Eisner, whose own bonus...
...annual trade show where computer- and video-game vendors gather to unveil their whizziest and often most bloodthirsty stuff. But parents hoping to keep guns and guts off their PC and TV screens will have plenty of other choices, judging from the strong lineup of family-friendly fare. Disney will debut its new Tarzan action game for the PC, PlayStation and Nintendo 64. Maxis will present The Sims, a fresh take on the company's SimCity3000 franchise--you still play God, but now you run (or ruin) the lives of those itty-bitty folk who live in your computer. Crafty...