Word: walts
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...Well, we're going to fool them." By Jiminy Cricket, fool them they did. Seven and a half years later, Walt Disney Productions has become the only blue-chip stock in show business. The company's revenues have soared, from $116.6 million to $329 million, and so have profits, from $ 12.4 million to a record $40 million. In fearing that the Disney empire would founder after the death of its founding genius, the financial fellows forgot to reckon on one thing: the continuing presence of Walt Disney...
...Drive was left exactly as it was the day he died. In April, it was dismantled and painstakingly reconstructed at Disneyland-the notes where he left them on the low black desk, the scripts he was reading tucked neatly in the rack behind. Disney executives reverentially continue to invoke Walt's philosophy; often in discussing projects or plans, they will offer the ultimate approval: "Walt would have liked...
...name has become a guarantee. If it says Walt Disney Productions, a fam ily can be assured that they're not going to be shocked in any way-bored maybe sometimes, but never shocked...
...company remains essentially a tightly knit family affair. The heirs of Walt and Roy O. Disney (who died in 1971) retain the largest single block of the stock. President Walker, 57, and Chairman Donn B. Tatum, 60, both joined the Disney brothers in the '30s; Executive Producer Ronald W. Miller is Walt's son-in-law, and Roy Disney's son Roy E. Disney heads T.V. projects...
Only two animated features have been produced since 1966: The Aristocats, already in preparation when Walt Disney died, and Robin Hood, to be released this fall. Disney pictures now tend to be the live-action variety; animation has become prohibitively expensive, and the Disney studio suffers from a shortage of good animators. The average age of the key animation staff is now 55, and energetic recruiting among young artists has not filled the gap. "They're trapped in a cozy formula," complains one disgruntled refugee from the mouse factory. "They're not doing any original work...