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...entertainment president who is currently head of Warner Bros., and Douglas McCorkindale, vice chairman of Gannett. Daly has declared publicly that he is not interested, while McCorkindale reportedly said he had not been approached. Another possible candidate: Michael Eisner, a former ABC executive who is now chairman of Walt Disney Productions...

Author: /time Magazine | Title: Corporate Shoot-Out At Black Rock | 9/22/1986 | See Source »

...Walt Disney Co. does not make just "movies" for its theme parks. Puny two-dimensional shadows projected on a flat screen would not do for the entertainment empire built on Uncle Walt's idea for a better mousetrap. At Disneyland in Anaheim, Calif., and at Walt Disney World in Lake Buena Vista, Fla., visitors sit in round theaters and are treated to postcard-panorama film tours of China and France through the technocraft of Circle-Vision 360. The 100 small panels that make up the huge screen in the Energy Pavilion at Disney World's Epcot Center rotate in sync...

Author: /time Magazine | Title: Let's Go to the Feelies | 9/22/1986 | See Source »

...feelie in question is Captain EO, a 17-minute space fantasy with music and dance, which will be shown at the two Disney parks and, as the press kit trumpets, "nowhere else in the universe." But even if it were a dirt-bike movie that played only seedy drive-ins, EO would be notable for the conglomerate of megabuck talent that confected it. The executive producer is George Lucas, creator of the Star Wars trilogy. The director is Francis Ford Coppola, once Lucas' mentor as executive producer of American Graffiti, now switching roles with his former acolyte. The star...

Author: /time Magazine | Title: Let's Go to the Feelies | 9/22/1986 | See Source »

Last week's long-awaited "galaxy premiere" of Captain EO was kicked off with typical Disney glitz. Skyrockets and a thousand Mylar balloons crowded the air. A dozen chorus boys and girls in spandex and spangles boogied decorously. Mickey and Minnie Mouse arrived in matching silver-and-rainbow Captain EO garb. The film's opening will also be celebrated in a one-hour NBC special this Saturday. All the hoopla underscored the magnitude of the gamble by Disney and Eastman Kodak, which split the movie's costs. At $20 million or so for the film and its laser effects, Captain...

Author: /time Magazine | Title: Let's Go to the Feelies | 9/22/1986 | See Source »

Lucas learned most of what he knows about merchandising from the example of Walt Disney, and Epcot's emporiums are already filled with replicas of such cuddly EO creatures as Hooter (an oboe-nosed elephant), Fuzzball (a scarlet monkey butterfly) and the Geex, Idy and Ody (sort of Siamese-twin Wookies). Nor is the film a reckless investment for Kodak. The previous attraction in the company's Magic Eye Theater, a 3-D film called Magic Journeys, was seen by 19 million people in less than four years. Asked how long EO will run, a Disney spokesman replies, "EOns." Walt...

Author: /time Magazine | Title: Let's Go to the Feelies | 9/22/1986 | See Source »

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