Moody's Upgrades Disney Ratings

This sounds cool. I wonder what it all means...

NEW YORK (AP) – Moody's Investors Service said Wednesday it upgraded Walt Disney Co.'s ratings on the media and entertainment company's improved credit metrics and balance sheet.

• The ratings service raised Disney's senior unsecured ratings to "A2" from "A3," its commercial paper ratings to "Prime-1" from "Prime-2," and its preferred stock shelf ratings to "A3" from "Baa1."
• Moody's also assigned the Burbank, Calif.-based company's $4.5 billion bank facilities "A2" senior unsecured ratings.
• Obligations rated "A2" and "A3" are considered upper-medium grade and subject to low credit risk.
• The outlook is currently stable, meaning the ratings are unlikely to change. Moody's initiated its review of Disney's ratings on Jan. 18. The ratings service said about $13.8 billion of debt securities are affected by the upgrade.

Moody's attributed the upgrade to its view that Disney can sustain its strengthened results and credit metrics, as well as management's commitment to maintain the company's strong balance sheet and metrics over the longer term. Moody's analyst Neil Begley cited successful Disney franchises, such as the "Pirates of the Caribbean" movie trilogy, as contributing to the company's recent improvement.

Disney Ship Lands in Barcelona

BARCELONA (PRNewswire) – Thousands of colorful fireworks filled the nighttime sky over Barcelona last night as, the Disney Magic cruise ship approached the Spanish port city nestled along the Mediterranean coast, signaling Disney Cruise Line's first-ever foray into the European cruise market. In grand Spanish style, the 2,700-passenger ship was greeted by a fireworks spectacular totaling nearly 2,200-shells upon arrival to the Port of Barcelona. The Port of Barcelona will serve as homeport for the Disney Magic this summer as it embarks on brand new 10- and 11-night itineraries in the Mediterranean. These cruises provide families with a unique and hassle-free way to explore world-famous cities such as Rome, Florence, Naples, Cannes and Barcelona. The celebratory fireworks show in Barcelona was choreographed to music that played upon Disney's rich musical history and celebrated the European destinations the Disney Magic will visit this summer. Thousands of local residents gathered along the Barcelona shoreline to catch a glimpse of the Disney Magic and join the festivities. A chorus of cheers filled the ship's decks when the show paid tribute to the newly released film, "Pirates of the Caribbean: At World's End." The film made its debut on the Disney Magic later that evening. Disney Cruise Line guests sailing in the Mediterranean will find several new surprises including a brand new stage spectacular at the Walt Disney Theatre, a Mediterranean-themed deck party, European-themed activities for children and family-friendly shore excursions at ports of call. To prepare for the journey, for the first time ever, iPod users can find Mediterranean themed content – port information, travel tips and language guides – plus movies and TV shows in a special travel entertainment store created exclusively by iTunes for Disney Cruise Line. In addition:

• Mickey Mouse's dreams come to life in When Mickey Dreams, a musical spectacle guided by a cast of Cirque-like "dream seekers" at the Walt Disney Theatre. The show's unique, artistic nature will thrill guests, while a nightmare visit by the notorious villain Maleficent serves up a few chills.


• One night during the cruise, guests will celebrate the summer in the Mediterranean at a carnival-inspired deck party called Party Paradiso. With the help of special effects designed to light up the night, Disney characters and performers ignite the spirit of fun and adventure as guests prepare to explore new horizons.


• Youth counselors, who are expertly skilled at keeping children of any age engaged and entertained, will weave the cultures of the ship's destinations into many of the children's activities. Up to 70 new activities for kids 3-17 have been planned for the Mediterranean, including Crêpe-making, puppet-crafting, pizza-baking and mosaic tile-making.

Continuing to offer a diverse array of itineraries, for the summer of 2008, Disney Cruise Line will reposition the Disney Magic to the West Coast for seven-night cruise vacations to the Mexican Riviera. Beginning May 25, 2008, the Disney Magic will sail 12-consecutive cruises from the Port of Los Angeles to Cabo San Lucas, Mazatlan and Puerto Vallarta.

"Ugly Betty" Star America Ferrera's Smile Worth $10 Million

NEW YORK (PR Newswire) – Who knew a smile could be worth so much? During a unique unveiling in New York City, Aquafresh White Trays insured America Ferrera's smile for $10 million dollars through an exclusive Lloyd's of London policy. America joins an illustrious list of celebrities who have had body parts insured by Lloyds of London, like Keith Richards' fingers and Bette Davis' waistline. The event is part of a program to help raise money for Smiles for Success, a charity that helps women going from welfare to the workforce who cannot afford the cost of dental care. New Aquafresh White Trays is helping support the charity by donating $1 to Smiles for Success for every box of product purchased between now and August 31. In addition, consumers have a chance to win a behind-the-scenes tour of the "Ugly Betty" set with America by entering the "Beauty that Fits" sweepstakes. Aquafresh White Trays will also make a $1 donation for every entry, for a combined donation of up to $100,000. This is the largest single donation the charity has ever received.

Altar Boyz Cast Will Visit "Sprites"

NEW YORK (Playbill) – The cast of the hit Off-Broadway musical Altar Boyz will make a cameo appearance on the May 19 broadcast of "Johnny and the Sprites," which stars Avenue Q Tony nominee and current Beauty and the Beast actor John Tartaglia. The episode is titled "Basil's Band" and will air at 11 AM ET on the Disney Channel. The upcoming program is described in this manner: "Basil discovers something about making promises – and keeping them – when he joins a band and forgets about all of his friends." The original song "That's What Friends Do" – penned by Gary Adler and Michael Patrick Walker – will be heard during the episode. Adler and Walker also wrote the score for Altar Boyz. "Johnny and the Sprites" – which teaches children "about magic in the world around them" – airs Saturdays on the Disney Channel. Tony winner Sutton Foster was a previous guest on the show, which features Avenue Q's Natalie Venetia Belcon in a recurring role as Johnny's next-door neighbor. John Tartaglia made his Broadway debut in Avenue Q. He currently plays Lumiere in Broadway's Beauty and the Beast.

Seeking Exposure, D-Rays are Going to Disney World

KISSIMMEE, Fla. (AP) – Matt Silverman speaks confidently when he talks about the future of the Tampa Bay Devil Rays. The 30-year-old Harvard-educated team president is entrusted to help principal owner Stuart Sternberg make good on a pledge to transform a struggling organization into a hit on and off the field. He believes in his boss's vision. New team colors and a name change are on the horizon, and the club embarks this week on a plan to try to reposition itself into a regional franchise by playing three games against the Texas Rangers at Disney World, starting Tuesday. In addition to increasing the team's exposure in the Orlando area, the Devil Rays are hoping to bolster television ratings across Central Florida and eventually lure fans about 90 miles southwest to their regular home in St. Petersburg. The 9,500-seat stadium at Disney's Wide World of Sports complex is about 20 miles southwest of downtown Orlando and will be the smallest ballpark to host a major league game since the Athletics opened the 1996 season with six "home" dates at 9,000-seat Cashman Field in Las Vegas while improvements were made at Oakland Coliseum. With temporary stands and outfield berm seating, capacity can be expanded to 13,000 at Disney, which has been the spring training base for the Atlanta Braves since 1997. Although advance ticket sales have been slow, officials remain optimistic that cooperative weather will spur a strong walk-up gate. NASCAR legend Richard Petty will throw out the ceremonial first pitch for one of the games. Fans attending the games will receive a voucher for admission for select dates in St. Petersburg, where Sternberg has extended free parking for a second season and introduced other fan-friendly features such as a 10,000-gallon tank containing 30 cownose rays that can be touched and fed. Additional image-shaping changes are on the way, beginning with a slight modification of team's nickname for 2008. Although Silverman insisted it's "not a done deal," the club faces a May 31 deadline to notify major league baseball of plans to change logos, uniforms, colors and likely drop the word "Devil" from a moniker many have opposed since the franchise's inception nine seasons ago.

Disney/Pixar’s Ratatouille Kicks Off “Big Cheese Tour”

LOS ANGELES (Business Wire) – Walt Disney Pictures and Pixar Animation Studios will celebrate this summer’s most original animated-comedy, Ratatouille, by bringing a mouthwatering experience to cities across the country with “The Big Cheese Tour.” The tour kicked off on Friday, May 11, 2007, at Walt Disney World Resort in Orlando, FL. It will continue to cross the country stopping at many events and major food festivals throughout the summer.

• Inspired by Disney/Pixar’s Ratatouille – a hilarious comedy about a rat named Remy who dreams of becoming a great French chef – the interactive experience will be highlighted by a thrilling “Big Cheese Slide,” which will give kids an exciting ride down a 25’ wedge of cheese.
• Audiences will also be treated to a special sneak peek at Ratatouille inside the 30’ state-of-the-art “Eiffel Tower Digital Theater.”
• A Center Stage area features daily cooking demonstrations with a real chef featuring Tasty Treats and Healthy Snacks for busy families as well as daily shows featuring Ratatouille Video Game demonstrations, radio promotions and an inside look at how the animation for Ratatouille was created.
• Tour goers will also be able to see multiple making-of pieces at various kiosks.

The tour is being supported by an impressive lineup of promotional partners. Tour goers can interact with Intel Corporation’s roaming ambassador chefs, equipped with Intel Centrino Duo processor technology-based laptops using Intel Core 2 Duo processors, where they can take photos with the Ratatouille characters superimposed into the picture, play an interactive game or register for a chance to win an array of prizes. The tour chefs will feature recipes from the General Mills’ portfolio of brands and attendees will be able to sample Chocolate Chex cereal as available. Samsung is providing all of the appliances on stage and plasma screens throughout the tour. THQ will provide video game demonstration kiosks where consumers get a chance to sample the latest game. Ratatouille opens in theaters nationwide on June 29, 2007.