Word: eisner
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...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...
Pressure builds on Disney's ailing Eisner to find a partner...
...fretting was more urgent than it might have been because the recent management of Disney had been largely a Wells-Eisner fandango. Beginning in 1984, the pair had led Disney through a recovery that increased annual revenue more than $7 billion in 10 years. Wells was the detail-oriented negotiator who framed the deals for Disney's acquisitions and tended to the nuts and bolts of the business. Eisner was the company's intellectual incubator, dreaming up new projects, overseeing theme-park expansion and, in his own words, acting as the company's main "cheerleader." So close were...
Those who argue that Katzenberg, 43, should ascend to help Eisner make these decisions point to his track record. As chairman of the company's flourishing studio enterprises, which account for 43% of its gross revenue, he finds himself atop the hottest movie of the year and perhaps the most profitable in history (The Lion King), the No. 1 television show (Home Improvement) and the No. 1 Broadway production (Beauty and the Beast). "Pick up the recent edition of the annual report," says a Katzenberg friend. "You'll see Michael Eisner's picture on page 2. Where's Jeffrey...
...fact, Katzenberg has hinted that if he does not get the job (his contract expires in five months) he will leave and probably head up a rival studio. Disney's decision would seem obvious, except that Eisner and Katzenberg have had a complicated relationship over the past two decades. The even-keeled Eisner keeps the volatile Katzenberg at a distance, relegating him to the role of junior prodigy. All Hollywood is watching how the drama will be played out, and some players are ready with their lines. "Michael and Jeffrey's relationship is like a 19-year marriage," record producer...