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  Toonami Infolink :: View topic - Disney news
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Disney news

 
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Andromaton

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Post subject: Disney news
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I would like all of you to go vote in poll in this front page news post. I fully plan on following whatever choice comes out of it. I won't stop posting it completely if it turns out to be a no, but it won't be on the main page anymore. Least comments here or on the post, but please vote.

Last edited by Andromaton on Tue Feb 17, 2004 6:57 pm; edited 1 time in total
PostWed Feb 11, 2004 11:15 pm
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Andromaton

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For the time being I'll use this thread to post Disney related (but not frontpage worthy) news. Here goes.

Recently formed Legacy Animation Studios has begun pre-production on an animated short film entitled LUCKY, and, a la Bill Plympton and his HAIR HIGH or Fathom Studios’ DELGO, Web surfers can watch the production in progress with an online production journal (www.legacyanimation.net/lucky/). The film will be animated with traditional hand-drawn animation, and is the first project for this group of animators and artists formerly employed by Walt Disney Feature Animation Florida.

“LUCKY is the story of a four-leaf clover who is down on his luck. As Lucky passes through a small town he brings a little good fortune to the people he encounters, only to experience a bit of misfortune for each piece of good luck he bestows.

“It’s the story of luck from a clover’s perspective,” says Legacy Animation md Eddie Pittman. “LUCKY is a unique story that’s both funny and heartwarming. We hope to capture the appeal of the classic Disney shorts of the thirties and forties.”

Short films are widely considered the best calling card for aspiring moviemakers looking to move into features, comments Pittman. This holds true for animated films as well as live action. Even the undisputed leader in feature animation, Pixar, continues to hone its artists’ skills by producing short films, according to Pittman.

“LUCKY is an opportunity to tell a story through pantomime. It’s pure visual storytelling,” says Legacy Animation’s creative director David Nethery. "The importance of making our own film at this point is to remind ourselves that, despite being perceived as ‘down on our luck,’ we really have been handed a unique opportunity to continue to practice the art and craft of traditional animation on our own terms, while never forgetting the wonderful legacy that we have been bequeathed by the animation giants upon whose shoulders we stand. "

Via the Web, Legacy Animation is offering a front row look at LUCKY pre-production artwork, storyboards and animation samples, as well as comments from the artists themselves, as the studio in Winter Garden, Florida launches enthusiastically into its first in-house project.
PostWed Feb 11, 2004 11:30 pm
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Nobuyuki

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Today's investor's meeting play-by-play as reported by Reuters via CNNmoney:

Disney's Eisner fights for life at analyst meeting
By Peter Henderson and Kenneth Li

ORLANDO/NEW YORK, Feb 12 (Reuters) - Walt Disney Co. top executives focused on the company's outlook in a presentation on Thursday, as analysts and investors awaited a chance to grill Chief Executive Michael Eisner later in the day over Comcast Corp.'s hostile takeover bid.

Chief Financial Officer Tom Staggs pointedly avoided mentioning the bid, as he called Wednesday a "pretty uneventful day," eliciting chuckles from the audience.

"We realize our overriding goal is to manage the Walt Disney Co. in the best interests of our shareholders," Staggs said.

Eisner, 61, who has been CEO of Disney for almost 20 years, is accused of mismanaging the company's fortunes by Roy Disney, the nephew of company founder Walt Disney and who has spearheaded a move to oust Eisner from the board.

Comcast's surprise $50 billion bid for Disney, which the top U.S. cable operator said it launched after Eisner refused to enter talks, increases the pressure on Eisner.

Institutional Shareholder Services recommended on Wednesday that Disney shareholders withhold their vote to reelect Eisner to the board, to display disapproval with Eisner and broader issues about Disney's corporate governance.

Thursday's presentations marked the second day of Disney's annual two-day investors conference, held at Walt Disney World in Orlando, Florida.

Disney has traditionally used the annual forum as a pep rally to instill confidence among its vast array of shareholders. In morning sessions, it appeared executives stuck to the script.

Disney Chief Operating Officer and President Robert Iger told analysts the the company was poised for a growth spurt.

"We believe the company's performance in 2003 and the strong outlook for 2004 signal the beginning of the next period of growth for the company," he said.

But investors' focus was elsewhere as they hoped that George Mitchell, the presiding director of Disney's board, in a luncheon address on corporate governance topics, would also shed light on Eisner's status.

Sander Morris Harris analyst David Miller, who was at the meeting, said he believed it was unlikely a white knight would emerge to rescue Disney from Comcast, but other options remained.

"There were other defensive and offensive moves Disney can make," he said, speculating that Disney could raise additional cash by selling off its radio properties and offering a dividend.

Shares of Disney, which rose nearly 15 percent on Wednesday to their highest level since July 2001, gained another 2.4 percent on Thursday to trade up 66 cents at $28.26 near midday..

Shares of Comcast fell 2 percent to $30.57, after falling 8 percent on Thursday.

As analysts and institutional investors endured the humid Orlando weather and day-long presentations at Disney World from chiefs of theme park and television network divisions, some were already looking beyond the gates to wider questions about the media industry.

"This opens the whole field up," Paul Kim, an analyst at Tradition Asiel, said.

"Although the Comcast-Disney thing is big, the more interesting question is what comes after and how will this have a ripple effect on the industry," Kim said. "Every institutional investor here is thinking about what's the next M&A deal down the pike."

(Additional reporting by Benjamin Berkowitz in Los Angeles)
02/12/04 12:34

© Copyright Reuters Ltd.
_________________
"When I became a man, I put away childish things, including the fear of childishness and the desire to be very grown up."- C.S. Lewis
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"Superman can't be emo. He can't cut himself."-CP
PostThu Feb 12, 2004 5:06 pm
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Andromaton

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The Walt Disney Company (NYSE: DIS - News) and The Jim Henson Company today announced that they have entered into an agreement under which Disney will acquire the beloved "Muppets" and "Bear in the Big Blue House" properties from Henson.

The transaction includes all Muppet assets, including the Kermit, Miss Piggy, Fozzie Bear, Gonzo and Animal characters, the Muppet film and television library, and all associated copyrights and trademarks, as well as all the "Bear in the Big Blue House" characters, television library, copyrights and trademarks. The parties have signed a binding purchase agreement and expect the transaction to close within two months, subject to receiving the necessary regulatory clearances. The transaction does not include the "Sesame Street" characters, such as Big Bird and Elmo, which are separately owned by Sesame Workshop. The deal also includes non-exclusive production and consulting agreements under which Henson will develop potential new programming featuring the "Muppets" and "Bear in the Big Blue House" for Disney.

Brian Henson, who with his sister Lisa is co-chair and co-chief executive officer of The Jim Henson Company, said, "This new and very important relationship will enable our two companies to combine our respective talents and resources in ways that will fully realize the tremendous potential of the Muppet and Bear franchises. Michael Eisner's long-standing passion and respect for the Muppets gives me and my family even more confidence in Disney as a partner."

Lisa Henson said, "In the months before his death in 1990, my father Jim Henson pursued extensive discussions with The Walt Disney Company based on his strong belief that Disney would be a perfect home for the Muppets. As such, the deal we announced today is the realization of my father's dream, and ensures that the Muppet characters will live, flourish and continue to delight audiences everywhere, forever. My brothers and sisters -- Brian, Cheryl, John, Heather -- and I are so proud to have the Muppets living under the same roof as Walt Disney's own timeless characters. We could not possibly be more pleased."

"Since the time I worked with Jim Henson on the first Muppets TV special in the 1960s, it was obvious to me that his characters would make a deep imprint on the hearts of families worldwide, and this announcement is the culmination of a long-time desire to welcome them into The Walt Disney Company," said Michael Eisner, Disney chairman and chief executive officer.

"Kermit and Miss Piggy are well-known and beloved around the world and will have an opportunity to be seen and loved by millions more well into the future through Disney's distribution channels at home and abroad, including home video, family television programming and consumer products, in addition to the existing theme park presence at Walt Disney World and Disneyland Resort. We are honored that the Henson family has agreed to pass on to us the stewardship of these cherished assets. We are also pleased that this transaction puts us in a position to work with the Henson company on future projects," Mr. Eisner said.

Disney, which owns broadcast and cable networks reaching over 120 million households worldwide, operates or licenses theme parks on three continents, and offers home video and consumer products worldwide, is planning to re-launch the Muppets with new TV specials and series. Disney also expects to expand and enhance the global licensing and home video initiatives based on this new production for the Classic Muppets, the infant/preschool property Muppet Babies, and Bear in the Big Blue House.

The Jim Henson Company, which was purchased by the Henson family in July 2003 from the German media company EM.TV, will retain all other assets of the company including Jim Henson's Creature Shop and ownership and rights to all other characters and entertainment properties in The Jim Henson Company's extensive film and television library, including "Fraggle Rock," "Farscape," "Dark Crystal," "Labyrinth," "Storyteller," "The Hoobs," and various other properties. The Jim Henson Company will also actively pursue partnerships and other strategic arrangements to exploit these and other existing and new properties and to build their value over the long term.
PostTue Feb 17, 2004 6:58 pm
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Daikun

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Question Isn't the Jim Henson Company already owned by Disney?
PostWed Feb 18, 2004 1:11 am
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Nobuyuki

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Daikun wrote:
Question Isn't the Jim Henson Company already owned by Disney?

That deal fell through:
http://www.toonamiinfolink.com/modules.php?name=Forums&file=viewtopic&p=21601&highlight=henson#21601
_________________
"When I became a man, I put away childish things, including the fear of childishness and the desire to be very grown up."- C.S. Lewis
Wink
"Superman can't be emo. He can't cut himself."-CP
PostWed Feb 18, 2004 1:18 am
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Andromaton

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think of this as an update the the story on the front page.

Funds in New York, New Jersey, Connecticut, Massachusetts and Virginia plus the California State Teachers Retirement System have joined the California Public Employees Retirement System in opting to withhold support for the embattled Eisner, according to Bloomberg.

Disney (DIS: news, chart, profile) officials could not be reached for comment.

New York State Comptroller Alan Hevesi issued a press release Thursday saying the state's Common Retirement Fund would withhold its 8.7 million Disney shares. Hevesi estimated the fund's total value was $225 million.

"Under Michael Eisner's management, Disney has not performed well over the last several years," Hevesi said. "His tight control over Disney decision-making and his role as both CEO and chairman of the board call into question his commitment to corporate governance reforms."

Joining the fray was the New Jersey Division of Investment, the Massachusetts Pension Reserves Investment Management Board and the Virginia Retirement System, according to Bloomberg. Along with Connecticut, New York and the two California funds, the seven hold 39 million Disney shares, or 1.9 percent of the company's stock, Bloomberg said.

Eisner and three other board members are targeted for ouster by former directors Roy Disney and Stanley Gold. The two business partners are urging shareholders to vote no on retaining the directors at next week's annual meeting.
PostFri Feb 27, 2004 4:26 pm
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Andromaton

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The be fair and balanced, here's this link.

http://www.savemichaeleisner.com/

Yeah

Quote:
now so much fuss is being made about how Disney has lost there creative and critical edge, but in contrast the last few years have seen some of the best Disney live action films of the last twenty. So where is this supposed lack of creativity?
Feature Animation
Feature Animation has supposedly lost its way in recent years. Was it because Jeffrey Katzenberg left? With the exception of Shrek, Mr. Katzengerg has had less then stellar success with his Dreamworks animation projects. So was his departure such a detriment to the Disney Company. And if recent years have brought less profitable, less well received feature animation from Disney why isn’t Roy Disney pointing the finger at himself? Roy Disney was in charge of Feature Animation right up until the day he left. How much of a money pit was Fantasia 2000?
Pixar
Sure Pixar is Hollywood’s darling right now. Was Finding Nemo a good film? Sure. Did it have much competition from other family films at the Box Office? Not much. Finding Nemo would have done well anytime anywhere, but its incredible success was more of being the right movie at the right time. Will Pixar’s next movie be as successful? Odds are not. It will make good money but in the years ahead Pixar will face more and more competition as more Studios sign on to make Computer Animated Features. And will Pixar films be perceived the same way when the Disney name no longer appears in front of it?
Sure Steve Jobs wants a bigger peace of the pie, and he would have got it. But he’s the one who walked and he’s the one who felt like he should have been able to go back in time and undo the previous deal, to the detriment of Disney; Michael Eisner didn’t sour these negotiations, it was Steve Jobs temper tantrum.
Also while we’re on the subject of Steve Jobs, kudos to MacOSX, other then that, your overpriced hardware and "sports car" spiel to justify dwindling market share excuse for sucking dry a kids savings to buy an ipod then leaving him with a dead battery idea of igniting the world of personal computing needs its own serious examination. (rant over)
Miramax
Are better returns so unreasonable to ask for? I supose Michael Eisner is draining their creative juices as well.
Frank Wells
Sometimes bad things happen to good people, but I’m so tired of everyone making Frank Wells' death this monumental turning point in the fortunes of the Disney Company. I’m sure Michael Eisner would prefer that tragedy to have not happened, but in the following years he guided park expansions, The Disney Cruise, and ABC. The company is a media giant today because of steps taken during the last ten years.

Comcast
Let’s not be fooled, no one has warm fuzzy feelings for their cable company. Do a google search for “Comcast Sucks” and see what comes up. Whether you like Michael Eisner or not, now is not the time to give up on him and let the legacy of Walt Disney be swallowed up by the cable company; The same company that gouges you each month with ever increasing rates year after year. Who is going to pay for the massive cable infrastructure that continually needs to be upgraded and replaced? Well, it will be you and that $8.00 churro you just bought for your kid. And who will subsidize the subscribers being lost to Directv and Dish Network and Satellite Broadband? It will be YOU standing in line to ride Comcast Cody’s Tilt-O-Whirl at Disney’s CableWorld Theme Park.
PostFri Feb 27, 2004 4:33 pm
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Nobuyuki

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The link's not working, Andro.

While this person brings up some intersting points of contention, he's ignoring one thing: the loss of good, talented young executives to other companies (Gap, Comcast, Dreamworks SKG, as examples) due to Eisner's micro-managing and oppressive tendency to run people out of town if he felt they were a potential threat to his position. There's been a talent drain in both the drawing room and the executive suite for years now.
_________________
"When I became a man, I put away childish things, including the fear of childishness and the desire to be very grown up."- C.S. Lewis
Wink
"Superman can't be emo. He can't cut himself."-CP
PostSat Feb 28, 2004 12:39 am
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Andromaton

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A pair of veteran Disney animators have formed Funnypages Productions, new animation company that will develop original properties for film and television, as well as illustration, character design and artistic development.

Tom Bancroft and Rob Corley have worked on ten animated feature films, including Beauty and the Beast, The Lion King, Aladdin, Mulan, Lilo and Stitch, and Brother Bear, as well as five short subjects and numerous commercial projects. Bancroft was also a character designer and director for Big Idea Productions, makers of the Veggietales video series. Both Bancroft and Corley have been nominated for Annie and Reuben awards.

Funnypages Productions joins their publishing company, Funnypages Press. Past clients include Walt Disney Publishing Worldwide, Disney Special Projects, Scholastic, Fisher-Price, Forefront Records-EMI and DC Comics. For more information, visit www.funnypagesprod.com.

heh, it's kind of funny, Disney keeps making more competition for itself this way.
PostTue Mar 02, 2004 1:35 pm
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Andromaton

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This was just to good.





Trump Takes Sorcerer's "Apprentice" to the Board Room
Excerpt from Donald Trump Interview with CNN's Larry King Live (2/27/04):
KING: What do you make of this battle for Disney, Eisner under fire?
TRUMP: It's time for Michael Eisner to get out. It really is. I mean, he's been...
KING: Try to be direct...
TRUMP: ... there for a long time.
KING: ... with your answers, will you?
TRUMP: No, it's time for him to get out.
(CROSSTALK)
TRUMP: It's enough. It's enough already. It's time to get out. And that's not so bad. He's been there a long time. But you know, it's time.
KING: You mean, for everybody, it's time? Is there going to be a time when...
TRUMP: It's always time. There's going to be a time when you're going to have to get out, Larry.
KING: Is there going to be a time when Trump leaves?
TRUMP: You're not thinking...
(CROSSTALK)
KING: What about Trump? Is there going to be...
TRUMP: There'll be a time. There'll be a time. I mean, there's always a time. Maybe...
KING: Why is this Eisner's time?
TRUMP: People are just not happy with the job he's done, and the shareholders aren't happy and the stock price -- I mean, it's only high because somebody's trying to take over the company. But it really seems to be time for -- I like Michael. I know Michael. It's time. There's nothing wrong with that.
KING: We'll be right back with Donald Trump, and we'll take your phone calls.
PostWed Mar 03, 2004 3:45 am
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Andromaton

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The Walt Disney Company is exploring India as a production base for its animation and feature films, and is planning to tap the country's commercial ability, including that in radio, animation and TV broadcasting and content, reports the HINDUSTAN TIMES.

"India is a significant base for outsourcing of entertainment content and co-production, and we are on a fact-finding exercise in the country", Walt Disney coo Andy Bird said in Mumbai on March 15, 2004. Meeting with information and broadcasting minister Ravi Shankar Prasad, Bird said Disney’s priority would be investing in radio, music and film industry. Walt Disney intends to have a powerful presence in India, Bird said, according to the HINDUSTAN TIMES.

The I&B minister said he had briefed Bird on India’s regulatory and cultural framework and added that the government would discuss possible tie-ups with the Films Production Division and other organizations in India.
PostMon Mar 15, 2004 11:06 pm
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