Word: disneyized
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...weeks ago, at a Las Vegas video convention, Jeffrey Katzenberg, chieftain of the Disney movie jungle, was joined onstage by an adult lion to tout The Lion King, the most successful film in the company's history. Suddenly the beast wrapped its paw around Katzenberg's thigh. The audience gasped, the trainer scrambled, and the wiry mogul wriggled free, raising his arms in victory...
...Mickey built announced that Katzenberg, 43, was resigning Sept. 30, when his contract with the company expires. Chairman Michael Eisner, 52, had rebuffed his longtime protege's plea to succeed the late Frank Wells as second-in-command. And rather than stay as czar of all the % rushes -- supervising Disney's huge, 40-film-a-year slate, including the bijou animation unit -- Katzenberg walked. Joe Roth, the former movie boss of 20th Century Fox who was running the Caravan unit at Disney, assumes Katzenberg's responsibility for the live-action films. Roy Disney, Walt's nephew, and Peter Schneider will...
...Michael never wanted a No. 2 person," says Richard Frank, who runs the TV unit at Disney. In fact, Eisner, who underwent a successful quadruple-bypass operation two months ago, was looking not to share power but to disperse it -- to impose a system not of hierarchy but lowerarchy, with division heads getting more power. "We're a large, multifaceted, multinational company," Eisner says. "We just all felt we had to decentralize, to run it in the divisional route...
Time Warner is eyeing NBC and Disney has a hankering for CBS, according to published reports today. If consumated, the purchases would be two of the most dramatic in a decade when major news and entertainment companies have remade themselves into multi-media giants. Analysts familiar with the industries, however, told TIME Daily the deals are fraught with problems. Government regulations, for instance, may prohibit Time Warner from owning a TV network while it also dominates some cable markets. Time Warner is the number two cable provider in the U.S. And Disney, with its children-oriented shows, would...
...Walt Disney Co. announced a joint venture with three Baby Bell phone companies that will eventually provide "movies on demand, interactive home shopping, educational programs, games, travel assistance and more" to 50 million customers in 19 states. The new venture, which reverses a well-publicized reluctance by Disney CEO Michael Eisner to enter the information superhighway, also includes plans for a "video navigator," heralded as the TV Guide of the 500-channel future...