Word: eisner
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...that sweet, dry July night in Manhattan, after his board approved creation of the biggest entertainment company in the world, Disney chairman Michael Eisner had dinner with his mom. Margaret Dammann Eisner has often been described as a world-class competitive woman, which suggests that her son's triumph last week owes something to genes. When young Michael was growing up in a Park Avenue apartment, his parents borrowed a Picasso from an art-dealer friend to hang in Michael's room. It was called Bullfight. The man who would come to influence, perhaps more than anyone else alive, what...
When dinner was over, Eisner went to the law firm Dewey Ballantine to iron out the final niceties of Disney's $19 billion deal to buy Capital Cities/ABC. And next morning, when he and Cap Cities chairman Thomas Murphy arrived on Good Morning America to stun the world with news of their merger, it was tempting to view Eisner's triumph as the kind of danouement usually reserved for the last 10 minutes of a Disney movie. Wall Street whooped at the deal, which united Disney's theme parks and movie and television studios with ABC's gold-plated network...
...Michael Eisner had endured a wrenching year, in which he grieved the loss of his trusted colleague, Disney president Frank Wells, then began reading his own professional obituaries as he lay in a hospital recovering from heart surgery, and then read his company's obituaries--with headlines like CLOUDS OVER DISNEYLAND. Indeed, Wall Street analysts and rubbernecking Hollywood types watched with morbid glee the departure of one top Disney brain after another, to be replaced by men derided as Eisner's bean counters. The fact that in 1994 his company produced the year's top movie, The Lion King...
Nobody in Hollywood can keep a secret -- exceptDisney chairman Michael Eisner. He stunned both Wall Street and the entertainment industry when he announced this morning thatDisneywill acquire Capital Cities/ABC in a $19 billion merger. The deal would be the second-largest takeover in U.S. history (behind the $25 billion takeover of RJR-Nabisco in 1989) and the largest ever in the media business. Getting hitched to family-friendly Disney may mean top-rated ABC will see its competitors exploiting new counterprogramming opportunities. "I think ABC will probably steer away from the more lurid programs, which might make the other networks...
Well, Vegas has already done that for Eisner. The town is Disneyfied in two important ways. One is that its shows have the Good-Lord-what-next? suspense of a Disney World thrill ride. Or as Tom Bruny, the MGM Grand's director of advertising, explains the challenge of creating EFX: "We knew we had to produce a 'gee whiz' show, but we didn't want it to be just a 'gee whiz' show...