Monday, January 30, 2006
Bambi Sequel to Release 64 Years After Disney Classic’s Debut
Poll : Disney to Benefit from Pixar Deal
Friday, January 27, 2006
Disney to Shutter Sequels Studio
Disney's Pixar Buyout A 'Near-Perfect Strategic Fit'
Pixar's Lasseter to Get Creative Control of Imagineering
Pixar, Disney Draw New Animation Vision
BURBANK (Hollywood Reporter) – Pixar Animation Studios' Ed Catmull and John Lasseter visited Walt Disney Feature Animation on Wednesday to begin to familiarize themselves with the animation unit that they will oversee as president and chief creative officer, respectively, once the Walt Disney Co.'s purchase of Pixar is complete. A new era at WDFA, which has been buffeted by executive turnover and constantly changing creative mandates, began almost immediately as the unit's president, David Stainton, resigned his post. "David has stepped down as president of Walt Disney Feature Animation and is excited about exploring new opportunities within Walt Disney Studios," a Disney spokeswoman said. It is expected that Stainton will move to another division within the Disney organization. While Pixar, headquartered in Emeryville, Calif., and Disney, which houses its animators in Burbank, are planning to maintain separate animation units, Catmull and Lasseter are about to become frequent visitors to Burbank. One Pixar executive familiar with their initial trip insisted that their presence shouldn't "negatively affect either animation studio's culture." Exactly how the Disney-Pixar marriage will play out quickly became a subject of discussion by Hollywood animators and Wall Street analysts.
- "Will the Pixar people have the same magic if they work for Disney? Will the Disney animation people fit into the Pixar culture? Will (Disney CEO) Bob Iger and (Pixar CEO) Steve Jobs live in peace and harmony?" McAlpine Associates analyst Dennis McAlpine asked. "The remaining questions mostly relate to people and will not be answered for some time."
- Animation cognoscenti like historian Jerry Beck, who has strong ties with Pixar and Disney, argue that Disney might have purchased Pixar for $7.4 billion, but WFDA's creative leadership will now be driven by Pixar. "Wherever Pixar is, that's where the main animation hub will be," Beck said. "(Disney's) Burbank (studio) may become a satellite annex of feature animation. Pixar is Disney's legacy."
Lasseter and his story team are all byproducts of CalArts' character animation program. Founded by Roy E. Disney in 1973, the program was taught by such legendary Disney animators as Theodore Hee, Ken O'Connor and Jules Engel, who oversaw key sequences of the first generation of Disney films, like 1937's "Snow White and the Seven Dwarfs." With Lasseter taking over the creative reigns at WDFA, he could give the unit the makeover it has been trying to achieve in order to recapture its glory days as it has struggled to adapt to the new age of computer animation. Within the animation community, there are some doubts that even Lasseter can return Disney animation to its former glory. As animators discussed the latest developments on sites like CartoonBrew.com, Darin Bendall wrote, "The problem is that this is a company who has become so bland that their very name has entered everyday English as a word meaning something along the lines of 'to sanitize something to the point that it sucks.' I just can't see how that won't happen here." Others were more optimistic. "The thought of John Lasseter coming back home to Disney at this time of loss and creative confusion is nothing short of a miracle," wrote another poster, identifying himself only as "an old-school Disney feature artist."
Disney Chairman Quashed Negative Iger Report
Disney Litigants Fault Judge Over Ovitz Case
At a hearing Wednesday before all five justices, the lawyer, Steven Schulman, said that the trial court erred in its 174-page decision in August by failing to conclude that the board acted with gross negligence in the 1996 firing or that its abdication of duty was "conscious and in bad faith."
The pivotal legal issue in the appeal is the esoteric "business judgment rule." In its simplest form, the rule says directors are free to make unwise decisions without court interference, but not uninformed ones.
Schulman also criticized the trial judge, William Chandler III, for having accepted the "self-serving testimony" of the directors as evidence of their good faith.
"The trial court's decision shows that even a board that decides to take an 'ostrich-like' approach to making a business decision is immune from monetary damages if the director defendants testify that they acted in that manner in 'good faith,"' Schulman said in court papers.
The lawyer offered as an example of the board's gross negligence its decision to fire Ovitz after one year without cause, a move that made Ovitz eligible for his severance deal.
Schulman said there was adequate cause in the testimony of the former chief executive, Michael Eisner, who had hired Ovitz as president. Eisner testified that Ovitz "lacked veracity, he was a liar, there were morale problems," Schulman told the court.
But a lawyer for a group of directors, Greg Williams, defended the ruling, saying that the fact-finding process in Chandler's court was "meticulous and fair."
His comments prompted questions from the bench. Chief Justice Myron Steele asked, "Should we ignore the rule of law," no matter how "careful the fact-finding?"
Justice Henry duPont Ridgely asked whether the directors "could have been a little tougher in negotiations."
And Justice Jack Jacobs questioned the failure of the Disney compensation committee to fully inform the board about the consequences of a nonfault termination of Ovitz.
Eisner's lawyer, Gary Naftalis, rejected the plaintiffs' argument that the business judgment rule did not apply to nondirectors, citing legal scholars who believed it did.
Lawrence Hamermesh, a visiting professor at the University of Pennsylvania, said in an interview: "The courts have regularly invoked the business judgment rule in evaluating claims against officers.
And the courts have applied it and defendant officers have won because of it. But on the other hand, the analysis in those cases is not that deep, and the Delaware Supreme Court has never squarely ruled on it."
Celebrating 20 Years of an American Catchphrase
Pixar's Lasseter to Get Creative Control of Imagineering
You can never have enough coverage of a story like this.
Wednesday, January 25, 2006
Hi-Ho! Work for Disney or Go?
Even before the deal, Pixar was in the process of ramping up production. In a world where Fox, Sony, and even former Miramax co-chairs Harvey and Bob Weinstein are rushing to make computer animated films, Disney and Pixar need to retain that brain power. That means keeping Pixar's Emeryville, Calif. studio the same haven of ping pong tables, Frisbee playing, and even the annual Halloween costume contests that have lured so many folks like Lasseter from Disney's far more rigid environment. No one is likely to know for months, maybe years, whether the two animation cultures can mesh. It will likely take fresh discipline from a Disney hierarchy that has cut costs and laid off employees in the past. Having Lasseter around should help. The 49-year old Pixar creative guru, raised in Southern California, swept streets at Disneyland as a teenager and started out in animation working on Mickey's Christmas Carol at the Disney animation studio. Lasseter decided to leave in 1984 to pursue computer-generated animation at a new animation startup by George Lucas. He's the natural bridge between the two cultures. "He is one of us," says Disney's Cook. And maybe his return will sprinkle some of Pixar's dust around the Magic Kingdom.
New Disney CEO Iger Gets High Marks for Pixar Deal
Roy E. Disney Statement Regarding The Walt Disney Company
"Animation has always been the heart and soul of the Walt Disney Company and it is wonderful to see Bob Iger and the company embrace that heritage by bringing the outstanding animation talent of the Pixar team back into the fold. This clearly solidifies the Walt Disney Company's position as the dominant leader in motion picture animation and we applaud and support Bob Iger's vision."
Yeah. John Lasseter would be a great addition, except for the fact that Disney could have had the whole thing for $10 million in 1986:
A Disney BeginningIn 1982, the young artist was hired at the Disney studio as an animator. A dream job? Yes, but for Lasseter, something was missing. "I was always feeling that animation had reached a plateau with 101 Dalmatians," he says. "Somehow, I felt that the films after that, while they had wonderful moments and characters, overall, they were just the same old thing."
Lasseter knew that animation needed something to help it rise to another level. Then, he heard about a film that the Disney studio was producing using the nascent technology of computer animation. It was called Tron. Lasseter was able to get an early glimpse of the film's "light cycle" sequence and says, "It absolutely blew me away! A little door in my mind opened up. I looked at it and said, `This is it! This is the future!'"
Lasseter talked the Disney studio into letting him do a thirty-second test that combined hand drawn animation with computer backgrounds. "It was exciting," says Lasseter, "but at the time, Disney was only interested in computers if it could make what they were doing cheaper and faster. I said, `Look at the advancement in the art form. Look at the beauty of it.' But, they just weren't interested."
The Birth of Pixar
The studio may not have been interested, but Lasseter still had an incredible thirst for this burgeoning medium, which led him to Lucasfilm Ltd., where Edwin Catmull, now Pixar's vice president and chief technology officer, was starting up a computer division. In 1986, Steve Jobs, co-founder and chairman of Apple Computer, Inc., purchased the computer division of Lucasfilm and incorporated it as an independent company, under the name Pixar, where he now serves as chairman and chief executive officer.
I guess they're interested now.
Disney to Acquire Pixar for $7.4B in Stock
LOS ANGELES (AP) – The Walt Disney Co.'s purchase of Pixar Animation Studios Inc. allows Disney to inject new creative life into its animation efforts, while Pixar can end its public run at the top of its game. However, it remains to be seen whether the $7.4 billion price tag is justified – not to mention the fate of Pixar's unique corporate culture once ensconced in a massive media conglomerate. Executives from both companies said preserving Pixar as a separate entity was a top priority, even as Disney hopes some of Pixar's creative power rubs off on its own animation efforts. "I think this is great for Disney, not only to have Pixar be part of the company, but to have Pixar influence the company," Disney Chief Executive Robert A. Iger told The Associated Press in an interview Tuesday after the deal was announced. "It's also possible we'll look at Pixar and see not only how well it's run but how well it lives and seek to overlay that influence on some of our other businesses." Disney is buying longtime partner Pixar for $7.4 billion in stock. The deal will put Pixar CEO Steve Jobs in a powerful new role at Disney and makes the billionaire its largest individual shareholder, with a stake of about 7 percent. Jobs, who owns more than half of Pixar's shares and heads Apple Computer Inc., will become a Disney director. Key to spreading Pixar's influence will be Pixar President Ed Catmull, who will serve as president of the new combined Pixar and Disney animation studios, and Pixar Executive Vice President John Lasseter, who becomes chief creative officer of the animation studios and principal creative adviser at Walt Disney Imagineering. Lasseter has been compared to Walt Disney by many, including Eisner. Lasseter began his career as a Disney anima-tor and is the creative force behind Pixar's films. One immediate sign of Lasseter's influence is that plans for Disney to make the long rumored sequel "Toy Story 3" on its own have been scrapped. If the film is made, it will be done by Lasseter and the other creators of the original film, the companies said.
The deal may make creative sense, but the company could face a hurdle convincing investors it makes financial sense. Under the deal, Disney said it will issue 2.3 shares for each share of Pixar stock. At Tuesday's closing price of $25.99 for Disney, Pixar shareholders would get stock worth $59.78, a 4 per-cent premium over Pixar's closing price of $57.57. Disney said the deal would lower earnings over the next two years, but that Pixar will help increase earnings by 2008.The companies still need to reveal what Pixar's next films will be and provide more detail on how the combined entity will function, said Richard Greenfield, an analyst at Pali Research. "The question remains whether the price/value relationship is going to bear fruit for Disney," Greenfield said Tuesday. With Jobs, Disney also tightens its link with Apple Computer, the innovative technology company behind music and video iPods. And Jobs is likely to press Iger to further his plans to marry films, TV shows, video games and other content to computers, iPods, handheld game consoles and even cell phones.
Tuesday, January 24, 2006
HK Theme Parks Get Ready for Chinese New Year
HONG KONG (People’s Daily) – Splendid decorations, exciting games, wonderful performances, all will be included in the two theme parks in Hong Kong to celebrate the forthcoming Chinese New Year with visitors.
- The Hong Kong Ocean Park announced here Monday that a Lunar Lucky Fiesta with 38 new lucky attractions will be launched on Jan. 29 to welcome the Chinese New Year. According to Chairman of the park Allan Zeman, the 15-day Fiesta will combine local and international elements including the highlight event – the spectacular Ice Mystique MegaShow and a string of other activities which help boost the traditional Chinese New Year spirit. The world-class cast of ice skaters and acrobats will bring the house down with breathtaking stunts and height-defying acts, on the dazzling stage or up in the air, right above the audience. Embodying the spirit of Chinese New Year will be the traditional fa-vorites of lion and dragon dances and kung-fu demonstrations at Fanfare Bazzar. A professional drum troupe from the Mainland will ensure visitors to feel high spirits and emotions of the drum beats. For good fortune, visitors can stop in at Checkpoints of Great New Year to be greeted by the Gods of Health and Lucky Stars of Wealth, Prosperity and Health. They can also try the luck by participating in the Fortune Bonaza lucky draw at the checkpoints for a chance to win prizes worth a total of three million HK dollars (about 400,000 US dollars). Visitors can enjoy making memories in the real-snow wonderland, featuring the red-hot backdrop of Chinese New Year decorations, and also be thrilled by the rides on the Snow Tube and play with family and friends in the Snow Playground. Zeman said that the Park's Lunar Lucky Fiesta last year attracted a total of 260,000 visitors and with more attrac-tions this year, he would be happy to have the number to reach 300,000.
- This will be the first time Hong Kong Disneyland will celebrate Chinese New Year. From Jan. 29 to Feb. 12, a series of special activities will take place throughout Hong Kong Disneyland to welcome the start of the New Year. Every day, the park will come alive to the sound of drum rolls, cymbals and gongs and a wave of bright color as dragons, lions, dancers and musicians dance their way around a specially designed stage in front of Sleeping Beauty Castle. Special guests will be chosen to bring the three lions to life in an eye dotting ceremony. Mickey Mouse, Minnie Mouse and other Disney friends will look elegant in their new Chinese outfits offering their Chinese New Year greetings to an excited crowd before welcoming one lucky family to receive a special gift. Adding to the Chinese New Year atmosphere, blossoming plants will welcome guests as they enter the park and stroll along Main Street USA. In Town Square, a delicate plum blossom tree will flower throughout the first 15 days of Chinese New Year. Inside the many stores at Disneyland there will be plenty of special Chinese New Year-inspired gifts available. Outdoor vendors will be dotted the Park selling an assortment of Chi-nese New Year snacks including savory turnip cake, corn in sweet honey butter sauce and deep fried fish skin chips. Traditional Chinese meals can be enjoyed at restaurants throughout the park.
Disney Headquarters Renamed Eisner
Disney Board Okays Takeover Offer to Pixar
Monday, January 23, 2006
What's New or Under Construction at Top Theme Parks
- Cedar Point – Cedar Point has gone two years without a new roller coaster and won't get a new one in 2006, either. However, relief may be coming in 2007 in the form of a dueling B&M flyer. That’s the most logical rumor right now for the Sandusky, Ohio park, but between now and then, rumors evolve, and it’s really not wise to get your hopes up for a ride that won’t start construction until near the end of 2006. The park will be making some other changes for 2006, however. Whitewater Landing is sched-uled to close at the end of this season for “future expansion”, and Skyhawk, a $6 million S&S Screamin’ Swing is coming to Frontiertown.
- Disney’s Animal Kingdom – Disney’s Animal Kingdom will be adding what is hoped to be the mar-quis attraction for the “Nahtazoo.” Expedition Everest: The Legend of the Forbidden Mountain (or, Matterhorn East as many are already calling it), is Disney’s largest mountain, and possible the largest undertaking for a single attraction in the company’s history. The Vekoma coaster is advertised to have forward and backward sections and a 50 MPH top speed (lightning fast for a Disney ride), and an encounter with the legendary Yeti.
- Disneyland – The newly renovated Space Mountain will get a makeover in the evenings, starting dur-ing Grad Nights in May. Rockit Mountain, as it is being called, will be similar to a spin on Rock ‘n Roller Coaster, with a new soundtrack and special lighting effects. Space Mountain purists cannot be thrilled with Disney tinkering with a ride that just finished its first major overhaul this summer. How-ever, it does seem that Disney is trying to revitalize its classic attractions for the average guest by adding new features, and Rockit Mountain could be a big hit. Pirates of the Caribbean is another classic Disney attraction that is rumored to be receiving some “freshening” up in 2006, including a Jack Sparrow animatronic figure and “ghost” pirates. All of the fan sites have been buzzing about the updates to Pirates, but Disney has not released any official information. Finding Nemo: Submarine Voyage is an exciting new attraction that unfortunately will not open until probably 2007 - so guests will be taunted by this giant hole in the ground throughout 2006.
- Legoland California – Pirate Shores is a new themed land at the Carlsbad, Calif. park, anchored by Splash Battle, an interactive aquatic shoot-'em-up, where riders cruise through pirate-infested waters, in boats armed with their own water cannons. The area will also feature Treasure Falls, a 12-foot-drop mini-flume ride that shows "what pirates do on their vacation," according to Legoland President and General Manager John Jakobsen. Two water play areas will round out the new land. Squabbies Deck is aimed at younger visitors, while Soak-N-Sail will provide 60 water elements for older kids.
- Paramount’s Kings Dominion – Paramount’s Kings Dominion has made the most noise of all of the Paramount Parks as they finally announced the addition of Italian Job Stunt Coaster for 2006. This new coaster, the park’s 13th, will be a clone of the Italian Job coasters at Paramount’s Kings Island and Canada’s Wonderland.
- Paramount’s Kings Island – Paramount’s Kings Island has continued to increase attendance de-spite effort from Cedar Fair to steal Ohio park goers through the acquisition of Geauga Lake and con-tinual improvement of Cedar Point. The Cincinnati park will continue to go after families with its 2006 addition of Nickelodeon Universe. Kings Island has already been recognized as having the best kids area, but they will be improving it in 2006 with 6 new attractions, including a new family roller coaster, Avatar.
- SeaWorld Orlando and SeaWorld San Diego – The SeaWorld parks in Orlando and San Diego have both announced a new killer whale show for 2006. “Believe” will completely revamp the Shamu arenas with props and huge video monitors, and will bring what was becoming a tired and worn-out show into the 21st century. The Orlando park will also be adding three new attractions designed for kids near the Shamu Stadium. Busch is also in the process of increasing its presence in Orlando with its third park, a rumored “luxury” waterpark, which is scheduled to open in 2007. Sea World San An-tonio, which always seems to be a year or two behind the others will probably get an updated killer whale show near the end of the year, or maybe in 2007.
- Six Flags Great Adventure – The New Jersey park, which is already home to the tallest and fastest roller coaster in the world, will be adding El Toro. With a massive wooden structure and a record-breaking 76-degree first drop, El Toro will be amongst the tallest and fastest wooden roller coaster in the U.S. El Toro has been designed by Intamin, and has already begun construction on the site where Viper once stood. In fact, Viper’s old mission-style station will also serve as El Toro’s station. While accelerating to a top speed of 70 MPH may sound tantalizing, it may turn out to be too fast for a wooden roller coaster. As Beast, Hercules, and Son of Beast have shown, bigger is not always better, but hopefully El Toro will not follow the trends of the massive wooden coasters that have come be-fore. In addition to El Toro, Great Adventure will also be adding a new children’s area, and a re-vamped Mexican themed area. Six Flags is also likely to begin construction on a resort hotel near Kingda Ka, once the location is no longer needed as a staging area for pieces of El Toro.
- Six Flags Magic Mountain – Tatsu, B&M Flying Coaster, will hug the terrain around Samurai Sum-mit at speeds up to 62 mph. The ride, to debut in Spring 2006, will feature four inversions, a 124-foot pretzel loop, a 103-foot flat spin, 96-foot-tall zero-G roll and a 360-degree inline roll over. With the ter-rain, the park promises 263 feet in elevation change over the course of the ride. It’s good to see Six Flags trying to create a coaster with a unique layout and a theme that fits well with its surroundings. Tatsu is liable to be the biggest theme park addition west of the Mississippi in 2006.
- Six Flags Over Georgia – The first big announcement for 2006 was Six Flags Over Georgia’s Goli-ath. As its name would suggest, Goliath is BIG, and the B&M hypercoaster will tower over just about everything in the park, including a couple of drops right over the Georgia Scorcher. With a 170-foot first drop, 175-foot second drop, and multitude of airtime turns and helixes, Goliath is bound to be a big hit. One feature that is absent in this coaster is a mid-course break run (MCBR), which means trains will hurdle non-stop through the 4,480 feet of track.
- Universal's Islands of Adventure – The summer of 2006 will see the long-awaited opening of the Seuss Landing monorail, the "Sneetches"-themed Sylvester McMonkey McBean's Very Unusual Driv-ing Machines. This Mack Powered Coaster will become the park's longest track ride.
- Holiday World – This small independent park made the biggest splash at the end of the summer by announcing the addition of The Voyage and a new holiday themed land, Thanksgiving. The Voyage will be one of the largest wooden coasters in the world with a 6,442-foot track length and a number of pulse-pounding drops and underground tunnels. The coaster will also feature not one, but three 90-degree banked turns, a wooden roller coaster feature first introduced on Hades. The Voyage, Holiday World’s third wooden roller coaster, will almost certainly vault into top ten wooden coaster lists and continue the parks long tradition of building the best wooden roller coasters in the world. Thanksgiv-ing will also feature an interactive dark ride and a number of other attractions and gift shops.
- Hersheypark – Hersheypark has announced Reese's Xtreme Cup Challenge, a dark ride shoot-'em-up arms riders with infrared guns with which they can take aim at the 158 targets throughout the ride.
ABC Defends Cancellation of Graham Comedy
Monster-Size Premiere Heralds the Opening of Monsters, Inc. Attraction
Disney's $100 Million Gamble
- Last year, Universal Studios Orlando opened its Fear Factor Live show but saw a 6 percent drop in attendance compared with a big 2004, when its Revenge of the Mummy ride opened.
- Likewise, attendance fell at Kings Island in Ohio and Knott's Berry Farm in California despite new coasters.
- On the other hand, Mission: Space, which also reportedly cost $100 million, helped turn around Epcot's falling attendance in 2003.
- The last time a major new roller coaster was added to an existing Central Florida park was 2000 with Kraken. SeaWorld saw an 11 percent increase in attendance that year.
At Animal Kingdom, Everest also may be key to capturing the attention of teens and young adults who can grow tired of animal safaris, shows and slower rides, industry observers said. "I think they're trying to open the demographic that would be interested in that park," said Jerry Aldrich, president of Amusement Industry Consulting in Orlando. Spokeswoman Polak and other Disney officials insisted the ride's main appeal would be familywide, driven not by the physical thrills but by the story line and an adventure conveyed through details and special effects. In fact, Disney officials normally don't even refer to Expedition Everest as a "roller coaster," and the words don't appear in promotional materials, other than with a promise of "coaster-like thrills." It's a "runaway train adventure." The story has riders traveling into the Himalayas, where the mythological yeti – as the Abominable Snowman is called there – protects the region. Disney says the Everest train tops out at about 50 mph with a maximum drop of 80 feet and that at one point it rushes backward. A database on roller coasters, rcdb.com, reports that the ride will be 4,400 feet long, with a maximum height of 112 feet, figures Disney did not confirm. Disney is setting the minimum-height limit for riders at 44 inches. None of those features would place Everest among the top 10 coasters in the United States for speed, drop, length or height. But American Coaster Enthusiasts' Steve Gzesh, who watched test runs in November, declared Everest "a very respectable ride." "And it goes forward and backwards," Gzesh said. "That ought to be pretty cool."
FBI Sent Suspect to Disney World
Pixar, Disney Deal Could Change Digital Landscape
Grrrr...scary Yeti
Expedition Everest opens soon at WDW. Here is a great photo stream from Flickr of the entire attraction, from beginning to end.
Friday, January 20, 2006
Disney, Pixar Permanently Pals?
If this seems familiar to Pixar fans, it's probably because the plotline is starting to resemble that of the original Toy Story movie. Old-fashioned cowboy doll Woody once ruled Andy's room. Then spaceman Buzz Lightyear steps in with his fancy lights and lasers, and it wasn't long before Andy had a new favorite toy. Woody and Buzz prove to be fierce rivals, until Woody sets aside his jealousy to realize that he and Buzz can work things out and save the day together.
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It's not a stretch to cast Michael Eisner and Disney as Woody, Jobs and Pixar as Buzz, and the animation industry as Andy. Just as Andy's bedsheets and wallpaper went from a Western theme to a spacey motif, the landscape has changed for Disney. The public wanted Pixar's computer-rendered fare, not Disney's formulaic theatrical animation.
If it was as simple as firing up a fleet of workstations, that would be fine, but it was never just about the technology. When Disney tried its hand at computer animation, it produced the forgettable Dinosaur. When it tried to team up with other third-party computer-animation studios to try to bottle the next Pixar, it got the lamentable Valiant. Disney's own Chicken Little fared respectably well recently, but it fell far short of what Pixar's hit machine had been generating at the box office.
The real-life version of Toy Story might have had a rocky ending if new Disney CEO Bob Iger hadn't taken over for Eisner in the role of Woody last year. At that point, Woody became reconciliatory. When Jobs was looking to establish Apple's video-enabled iPod as an attractive vehicle for content producers, Iger rushed to his aid in offering the best shows on the ABC slate. It was undeniable: Woody and Buzz were becoming the best of friends.
Given the warming trend between the two companies, it won't be surprising if Disney and Pixar strike a deal. With their current production partnership ending after May's release of Cars, it was pretty clear that Disney didn't want to be simply a low-priced distributor for Pixar. By the same token, Pixar had little incentive to yield more than that, unless Disney relinquished ownership rights to the properties that Pixar had created for the House of Mouse.
A buyout ends even the coldest of stalemates. It also would come at a time -- and a price -- that is probably agreeable to Pixar. Its shares are at an all-time high, despite a cloudy future. The studio faces a glut of competition, including rival DreamWorksAnimation's (NYSE: DWA) plans to ramp up its release calendar. Disney and Pixar would be worth more as a combined entity than as bitter foes; a deal would ensure that Pixar continues to release outstanding original titles while maintaining its level of quality in any Disney sequels to Pixar's earlier franchises.
Computer animation, done right, is a booming industry. It's why both Pixar and DreamWorks Animation have been winning recommendations for Motley Fool Stock Advisor subscribers. It's why Woody has every reason to pay the right price to keep Buzz around. Andy's room has proved to be too big for Woody to navigate on his own.
Longtime Fool contributor Rick Munarriz owns all of the Pixar releases, and he'll doubtlessly be at the multiplex in four months for Cars. He owns shares in Disney and Pixar.The Fool has a disclosure policy. Rick is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
Copyright 2006 Motley Fool
Thursday, January 19, 2006
Disney in Talks to Buy Animator Pixar
Wednesday, January 18, 2006
ABC's Reasons for Axing "Emily"
It's funny, but Heather Graham's appearance on Letterman a few weeks ago was so horrible I thought Dave was going to retire when it was over. He was clearly bored out of his mind, and Heather's idea of what made an interesting late night anecdote was like listening to a third grader talk about a mud pie he made earlier that day. Bottom line, this move doesn't surpriseme at all, and I didn't even know when the show was airing (er..aired..one time..ever).
Judge Blasts Bogus Proof, Rejects Claim Against Disney
The pair wrote their first treatment of the series "Starmond the Wizard," or "Starmond," in 1989. Referred to in the litigation as T1, it was rejected by Disney in 1994 as "an unexciting, confusing and mostly listless fairy tale ... that does little to merit further consideration." The pair claimed they revised the T1 in 1995 to add a baseball story line in five pages of handwritten notes. This alleged revision, called T1a, made several references to the term "Palm Pilot." "However, handheld devices with that name did not exist at the time Plaintiffs claim they created T1a," Pauley said. In fact, it was not until November 1995, about five months after the T1a was supposedly submitted to Disney, that Palm Computing Inc. learned through a trademark search that it could not call its promising handheld idea "Taxi" and elected instead to call it the "Pilot." This did not stop the plaintiffs from ultimately suing Disney and its subsidiary, Miramax Books in 2003 for stealing their idea by publishing "Summerland," a novel by author Michael Chabon that used a baseball theme.
D'oh.
Expedition Everest Set for Disney's Animal Kingdom
Tuesday, January 17, 2006
Theme Parks Put on Party Hats for Convention Goers
- On Friday night, Disney planned to host a nearly 400-person party and dinner at Animal Kingdom's African village with a private showing of the park's Festival of the Lion King for Window Classics, a window and door company in town for the International Builders' Show. In addition to the exclusive access to the park, the company also arranged for buses to pick up its clients who are attending. "It's the hot ticket," said Joel Garcia, the Florida-based president of Window Classics. "Everybody wants to try to get invited." The company is spending about $90,000 on the party, about $20,000 more than it dropped last year on an event at Epcot.
- Universal hosted several private events, including a party at CityWalk on Thursday night for 4,000 members of the National Association of Home Builders. Other events at Universal include Revenge of the Mummy themed parties with food, entertainment and ride access.
- SeaWorld spokeswoman Becca Bides said the park hosted several events this week. Typically, par-ties range from luaus on the beaches of Discovery Cove to cocktails at the Shark Encounter. Prices, she said, can vary just as much. "It is a lucrative business for us," Bides said.
The parks, which also host conventions at their facilities, have for years offered event-planning services, but are now realizing the benefits of Orlando's growing convention business. Kathie Canning, deputy general manager of the convention center, said the theme parks are helpful when Orlando is competing with other cities such as Las Vegas for big conventions. "We're putting forward a united effort and the cli-ents feel wanted," Canning said. "We're showing our clients that the theme parks are not just for the tour-ists, but they can do major entertainment events with groups."
'Narnia' Crosses $580 Million at Global Box Office
- The film had its opening weekend in Turkey – which, along with Poland and Russia, is becoming an increasingly strong market for the Hollywood majors – grossing $890,000.
- In its sixth weekend in the UK, "Narnia" pulled $2.4 million, taking its local total to a robust $70.7 mil-lion.
- In Poland, "Narnia" drew a strong $1 million, No. 1 for a second weekend; its total there is $3.1 million.
- In Australia, the fourth weekend drew $1.8 million, for a total of $21.6 million.
- In its third weekend in South Korea, a market that largely prefers action titles, "Narnia" drew $1.6 million for a local tally of $12 million. Disney expects that within a week, the film will pass "Pirates of the Caribbean" as the company's biggest live action grosser in South Korea.
The international arena's second biggest grosser this weekend was "King Kong, which yielded an esti-mated $15 million from 57 territories, for a 32-day international total of $296 million. The Peter Jackson remake had a strong opening in China, $3.1 million (surpassing "War Of The Worlds" as Universal's big-gest China opening), and rebounded two places to No. 3 in Britain with $2.3 million. While "Kong" slipped in Spain and Germany and is tailing off in Brazil, it maintained its No. 1 spot in Jackson's native New Zea-land with a 33-day total of $5.3 million. "Harry Potter and the Goblet Of Fire" wound down its international run with a weekend tally of $6.6 million in 56 markets. The foreign total now stands at $582.5 million.
Atop ABC's List : Super Bowl, Minus Headaches
The halftime show was another opportunity to make money, too. Sprint paid the NFL a record $12 million to be sponsor of this year’s halftime show, and is running a contest to fly the winners to Detroit to see the Stones up close. Each year’s TV audience generally approaches 90 million people. Usually only the Academy Awards comes anywhere close in pulling that many people together. But is a football league the right entity to put on such an important entertainment show? Coplin said that’s a subjective question. The NFL turns to others – this year veteran awards show and special events producer Don Mischer – to help run things. “We’re not so myopic to think that we can’t seek outside help,” he said. “And that’s what we do.” Some people in Detroit were unhappy this year’s show overlooks the area’s musical history – from Motown to Madonna to Eminem. The NFL has booked Stevie Wonder to play before the game and has done halftime tributes to Motown twice in the past 25 years. More often than not, like with Paul McCartney last year, the show has no geographical references. Aaron Neville, whose home was damaged by Hurricane Katrina, was selected to perform the national anthem in Detroit. It’s still not certain what the Stones will perform during their 12 minutes onstage, Coplin said. He’s in a delicate position – not wanting to seem like he’s ordering rock legends around, yet also intent on protecting the show’s family-friendly image. “We have a lot of conversations with them,” he said. “We try and convince them to perform in a way that will make them look great and appreciate the fact that the audience is so large.” He’s convinced that “they get it,” however. The stakes are high for the band, too. Sales of McCartney’s catalogue went up 250 percent the week after his Super Bowl show, and U2’s most recent album jumped from No. 108 to No. 8 on the Billboard chart after their gig.
Wow.
Sunday, January 15, 2006
Disney stars enthrall Delhi kids
The stars visited the national capital as a part of their tour to the country in association with Make-A-Wish Foundation of America to offer help to terminally ill children.
Walt Disney Television International (India), as part of its tie-up with Make-A-Wish Foundation of America to fulfil wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy, is touring worldwide with its most popular characters.
“Make-A-Wish Foundation is a very popular community service organisation in India and we have an international tie-up with them in the US to fulfill the wishes of the Make-A-Wish Foundation kids. We've just extended that relationship in India. Disney has a worldwide outreach programme and we have an association with Make-A-Wish Foundation starting with this tour in India. We're touring six other cities in the country with these characters and we've identified places where we can take them and meet children suffering from life threatening illnesses and spread some smiles on their faces,” said Tushar Shah, director marketing and communication, Walt Disney, India.
The characters began their India tour with Mumbai's Tata Memorial and later did some kite flying with kids in Ahmedabad. Delhi was their third destination in India.
The stalls at the venue were colourfully decorated with balloons, festooned everywhere and Mickey mouse caps being distributed. The stalls also had competitions for children, who enjoyed thoroughly.
“These competitions give the children so much confidence. By participating with them, they can win a cap which makes them so happy and also boosts their confidence so as to participate again and again. They have to eat toffees at the stalls and they get a gift and there are also lucky draw, which makes them so happy,” said Nandita, mother of a five-year-old son.
“I love the series on television as it has all the stars in it like Cindrella, Mickey mouse, Mini mouse and Pluto. I just love Mickey mouse,” said Ashita, a nine-year-old.
Children during the programme enjoyed a lot even though they could not understand the seriousness behind the visit of their favourite characters.
Friday, January 13, 2006
ABC's 'Lost' Finds 20 Million Fans
Stranded on an island for how long? and Hurley still hasn't lost any weight?
Thursday, January 12, 2006
Disney Paid Eisner $10.1 Million in 2005
Wednesday, January 11, 2006
Jupelo goes to Disney..all year
Click Here To See What Jupelo Is Doing!
OBITUARY : George Walsh
Prime-Time Nielsen Ratings
1. (X) "Rose Bowl: Southern California vs. Texas," ABC, 35.6 million viewers.
2. (1) "CSI: Crime Scene Investigation," CBS, 27.2 million viewers.
3. (X) "Rose Bowl Pregame," ABC, 24.5 million viewers.
4. (2) "Desperate Housewives," ABC, 23.7 million viewers.
5. (X) "NFL Playoff: Jacksonville vs. New England," ABC, 22.6 million viewers.
6. (X) "NFL Postgame Show," CBS, 22.3 million viewers.
7. (X) "NFL Pregame Show," ABC, 22 million viewers.
8. (3) "Without a Trace," CBS, 20.9 million viewers.
9. (X) "Fiesta Bowl: Notre Dame vs. Ohio State," ABC, 20.6 million viewers.
10. (X) "Orange Bowl: Penn State vs. FSU," ABC, 18.6 million viewers.
11. (16) "Extreme Makeover: Home Edition," ABC, 17.5 million viewers.
12. (9) "60 Minutes," CBS, 17.5 million viewers.
13. (X) "Dancing With the Stars," ABC, 17.5 million viewers.
14. (5) "Grey's Anatomy," ABC, 16.3 million viewers.
15. (8) "Cold Case," CBS, 16 million viewers.
16. (13) "Law & Order: SVU," NBC, 15.2 million viewers.
17. (X) "CSI: Crime Scene Investigation" (Thursday, 8 p.m.), CBS, 14.5 million viewers.
18. (19) "ER," NBC, 14 million viewers.
19. (28) "Numb3rs," CBS, 13.9 million viewers.
20. (X) "CSI: Miami," CBS, 13.9 million viewers.
When ABC does well, this is fun to read. Usually, it doesn't look this 'rosy'.
Disney Draws Record Traffic
Disney Deal with Pixar is Likely - But Not a Merger, Analysts Say
LOS ANGELES (AP) - The more time that passes without a new distribution deal between The Walt Disney Co. and Pixar Animation Studios, the greater the speculation, including a theory that Disney is angling to buy Pixar and install its CEO Steve Jobs as Disney's chairman. Analysts believe a new distribution deal is likely and soon. But they dismiss the notion that Disney would buy Pixar. An outright purchase would be too expensive, analysts say, and would not be wise for either company in the long term. Still, guessing the terms of a deal has become a bit of a sport on Wall Street, with speculation pushing Pixar shares higher in recent days. Most analysts who cover both companies believe Pixar will soon announce a new deal that has Disney distributing its highly popular and profitable animated films. Renewed speculation about a deal helped drive up shares of Pixar nearly 8 percent to $58.16 last Wednesday. Another possible trigger for the sudden jump was the expansion of an earlier deal between Disney and Jobs' other company, Apple Computer Inc., to provide more entertainment for download on Apple's iPod. Shares dropped back to $56 the next day and have been trading around that price since. "Something has to happen soon," Marla Backer, an analyst at Research Associates Llc, wrote in a recent report. The current Disney-Pixar deal expires with the June 9 release of "Cars." Marketing plans for Pixar's 2007 release, tentatively titled "Ratatouille," must be made soon. The most likely reason for the delay is that a new deal with Disney is complex, despite the mutual respect that has developed between Jobs and Disney CEO Robert Iger. Animosity between Jobs and former Disney CEO Michael Eisner led to the two sides breaking off talks in 2004. "There are a lot of moving parts here," said David Miller, an analyst with Sanders Morris Harris. "It's not as simple as slapping together an extension of the current agreement."
BVHE Announces Lineup of Blu-ray Disc Titles
Buena Vista Home Entertainment (BVHE) will begin releasing titles beginning this summer on the Blu-ray Disc format in conjunction with the hardware manufacturer's release of Blu-ray Disc products. The announcement was made by BVHE President Bob Chapek.
"The Blu-ray Disc represents a major technological advance in our industry, and just as DVD revolutionized home entertainment, the Blu-ray Disc promises to be the next step in our ability to satiate the consumer's appetite for entertainment by providing the ultimate user experience," Bob said. "The possibilities are endless, and we've just begun to bridge the future of digital entertainment."
Blu-ray Disc is the next generation home entertainment medium featuring storage capacity five times greater than current DVDs, a picture compressed in full high-definition 1080p resolution (1920 x 1080) and superior audio that offers an experience equal or superior to that of theatrical feature presentations.
In addition to film, the Blu-ray Disc will also support music, gaming and other digital entertainment. The following titles will be the first to be released:
- Quentin Tarantino's Kill Bill: Vol. 1
- Award-winning Hero
- Dark Water starring Jennifer Connelly
- Ladder 49 starring John Travolta and Joaquin Phoenix
- The Brothers Grimm starring Matt Damon and Heath Ledger
- The Great Raid starring Benjamin Bratt
- Armageddon directed by Michael Bay and produced by Jerry Bruckheimer
- Kevin Smith's Jay and Silent Bob Strike Back
- Walt Disney Pictures' Dinosaur
- the documentary Everest narrated by Liam Neeson.
BVHE's Blu-ray titles will feature seamless pop-up menus which will allow for a continuous movie play experience; high-definition picture; up to 7.1 channels of surround sound; new layering coating technology which provides a scratch resistance surface; and new sleek packaging.
Tuesday, January 10, 2006
Former Disney Head Eisner to Host CNBC Show
Monday, January 09, 2006
Brazilian Wins His 3rd Disney Marathon
LAKE BUENA VISTA (St. Petersburg Times) – Adriano Bastos of Sao Paulo, Brazil, broke away from a field of more than 10,000 at the start of Sunday's Walt Disney World Marathon to win with a time of 2 hours, 19 minutes, 44 seconds.
Bastos, 27, danced at the finish line along with many cheering Brazilian fans after becoming the first three-time winner in the 13-year history of the marathon, adding to his titles in 2003 and '05. Tim Keller, 24, of Park Rapids, Minn., was second in 2:31:36.
- Paige Higgins, 23, of Littleton, Colo., was the top female finisher in her marathon debut, with a time of 2:51:38. Last year's winner, Amy Shertzer, 28, of Monument, Colo., placed second in 2:59:14.
- Renzo Martinez, 41, of Boca Raton won the male wheelchair division in 2:24:11 and Kristen Messer, 18, of Austin, Texas, won the women's wheelchair division in 4:09:11.
- Josh Eberly, 25, of Rochester, Mich., won Saturday's 13.1-mile Walt Disney World Half Marathon in 1 hour, 8 minutes, 12 seconds. The women's winner was Melissa White, 25, of Rochester, Mich., in 1:18:33.
Race officials said the temperature was 38 degrees at the 6 a.m. start at Epcot. The route wound through the Magic Kingdom, Animal Kingdom and Disney-MGM Studios, ending back at Epcot.
Longoria Helps Chrysler Show Off Cars
DETROIT (AP) Desperate Housewives" actress Eva Longoria was on hand Sunday to help Chrysler Group executives show off their latest concept cars, including a sleek sedan with a sumptuous interior based on the popular 300C. She sauntered across the stage as DaimlerChrysler AG Chief Executive Of-ficer Dieter Zetsche and Tom LaSorda, who replaced Zetsche as president and CEO of Chrysler, warmed up the crowd of journalists. And she rolled up with LaSorda as they brought the Imperial concept, which sported the look of a highly refined 300C, on stage for a second showing. "I'm desperate for one of these cars," she quipped. Chrysler also showed its Dodge Challenger concept, which was inspired by the 1970 version but updated with a 6.1-liter, 425-horsepower Hemi engine.
'Jimmy Kimmel Live' & ABC Team Up to Create Ultimate Super Bowl Experience
Friday, January 06, 2006
Cookies Take the Cake on Disney Cruise
Buena Vista Home Entertainment Announces Line-Up of Blu-ray Disc Titles
Thursday, January 05, 2006
Pixar Stock Surges on Deal Rumor
That would be awesome. After 15 years of flat Disney gains, it's nice to see movement in a stock that covers way too much of my holdings.