Monday, May 27, 2019

WEINSTEIN: DISNEY/NETFLIX DEAL BIGGEST IN SHOWBIZ HISTORY

December 6, 2012 by · Leave a Comment 

Disney CFO Jay Rasulo told an investors conference in New York Wednesday that Disney was “thrilled” with the exclusive deal it concluded with Netflix, which will reportedly net the studio $350 million per year. “We feel pretty confident that this was the highest value deal that we could do,” Rasulo said, indicating that Disney had […]

DISNEY RECORDS ITS BEST QUARTER EVER

August 8, 2012 by · Leave a Comment 

The Walt Disney Co. said that it had recorded “the largest quarterly earnings in this history of or company” with net income rising to $1.83 billion during its third quarter, versus $1.48 billion during the comparable quarter a year ago. The company particularly credited box-office results for The Avengers, which took in $1.5 billion at […]

DISNEY WITHOLDING JOHN CARTER DISCS FROM NETFLIX, RED BOX

June 8, 2012 by · Leave a Comment 

Last February, the Walt Disney Co. quietly changed its policy of making DVD releases available to Redbox and Netflix on the same day that they went on sale in stores, but, unlike Universal and 20th Century Fox, it did not offer the two principal rental companies deep discounts on the DVDs in return for accepting […]

DISNEY HIRES HOLLYWOOD VETERAN HORN TO RUN STUDIO

June 1, 2012 by · Leave a Comment 

Former Warner Bros. and 20th Century Fox president Alan Horn has been named chairman of Walt Disney Studios, succeeding ousted boss Rich Ross. In a statement, Disney CEO Robert Iger said that Horn has “earned the respect of the industry for driving tremendous, sustained creative and financial success, and is also known and admired for […]

MICHAEL EISNER: GETTING BACK INTO THE GAME?

May 3, 2012 by · Leave a Comment 

Former Walt Disney chairman and CEO Michael Eisner is planning a comeback and is currently looking to raise $800 million for a new production company, CNBC anchor/reporter David Faber said on the cable channel Wednesday, citing people who have been approached about investing. Eisner’s fund-raising effort is being led by JP Morgan, which is looking […]

JOHN CARTER BOMB CLAIMS DISNEY STUDIO CHIEF

April 20, 2012 by · Leave a Comment 

Disney Studios chief Rich Ross has been ousted following the failure of John Carter, regarded as the costliest flop in Hollywood history. The studio plans to take a $200-million write off on the picture. Although not referring directly to the damage that occurred on his watch, Ross did acknowledge in his letter of resignation, “I […]

SO, HOW MUCH DID JOHN CARTER ACTUALLY COST?

March 21, 2012 by · 5 Comments 

Disney’s announcement on Tuesday that it expects John Carter to lose $200 million will likely place it at the undesired top of the list of biggest Hollywood losers, Reuters observed today (Wednesday). That list is currently headed by the 1995 Geena Davis-Matthew Modine pirate flick Cutthroat Island, which, according to the Guinness Book of World […]

DISNEY CFO DUCKS QUESTION ABOUT POSSIBLE CARTER WRITE-OFF

March 14, 2012 by · Leave a Comment 

Disney’s chief financial officer is unwilling to join the speculation about how costly John Carter will be to the studio if it bombs as badly as most analysts expect. With numerous predictions that Disney will take a $100-150-million writeoff on the movie (it reportedly cost $250-300 million to produce and market and will therefore need […]

DISNEY SHAREHOLDERS MEET FOLLOWING CARTER DISASTER

March 13, 2012 by · Leave a Comment 

Disney shareholders are holding their annual meeting in Kansas City, MO today (Tuesday), just days after the studio suffered one of the worst box-office disasters in history. Analysts said that the company could face a write-off of $100-150 million for John Carter, which reportedly cost more than $350 million to produce and market but which […]

JOHN CARTER: GOOD FOR BUSINESS — IN UTAH

March 12, 2012 by · Leave a Comment 

Not everyone connected with John Carter is disappointed with the film’s performance. Today’s (Monday) New York Times quotes a news release from Utah’s economic devleopment agency as saying that the movie has created “interest in the state as a tourism destination” and has broaght $20 million in economic benefit to the state and created 175 […]

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