Word: disneyized
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Michael Eisner is happy doing things. He just has to be doing everything. In 1989, during the televised extravaganza that launched the Disney-MGM Studio theme park in Florida, Eisner noticed that a spangle from the costume of one of the 1,200 dancers had fallen on the red carpet. He waited till the cameras had passed, then darted out, picked up the spangle and put it in his tuxedo pocket. At Disney, neatness counts. So, for the chairman and ceo, does a twin obsession for the big picture and the smallest, shiniest detail...
...never had to. His latest blockbuster deal came two weeks ago when Walt Disney Co. agreed to pay $19 billion to acquire Capital Cities/ABC. Buffett, whose Berkshire Hathaway holding company is the largest stockholder of Capital Cities/ABC, brokered the buyout and saw the 20 million shares that Berkshire had acquired for $345 million a decade ago surge to a value of $2.3 billion as a result of the deal. The merger raised the value of the investment by $400 million overnight...
...radio in the '40s on the Jack Benny show and, for a time, in partnership with his wife Alice Faye. In 1947 he had a hit song with Smoke! Smoke! Smoke! (That Cigarette). Today, he's known to the vcr generation as the voice of Baloo the Bear in Disney's animated Jungle Book...
Last week television networks were the hot property. No sooner had Disney thrown in its lot with Capital Cities/ABC than Westinghouse placed a bet with CBS to acquire the network after striking a deal with its president, Laurence Tisch, for $5.4 billion. The deals are dazzling not for their novelty--the mood to merge has been upon much of corporate America this year, with announced deals for the month of July alone totaling $50 billion--but for what they say about the value of networks in today's marketplace. CBS may be the third-rated network of the Big Three...
Wall Street was all ears Monday when the Walt Disney Co. announced it would acquire Capital Cities/ABC Inc. to create the world's largest and potentially best-integrated media-and-entertainment group. At $19 billion, the deal stands as the second largest corporate takeover in history...