Disney's Miramax to trim film slate to about 3 from 6-8 per year; 50 positions to be cutOctober 2nd, 2009 Disney's Miramax to trim film slate; 50 jobsLOS ANGELES — The Walt Disney Co. said Friday its Miramax Films division will slash the number of movies it produces each year, which it says will lead to "significant cost savings."
The division will now produce about three movies a year, down from the current six to eight, and eliminate 50 jobs in New York and Los Angeles by January.
Disney takes page from Comic-Con; hopes to boost enthusiasm by romancing fans at expoSeptember 9th, 2009 Disney Expo seeks to monetize Mouse-maniaLOS ANGELES — Taking a page from the wildly popular Comic-Con, Disney is wishing upon a four-day expo this weekend to draw more enthusiasm from its loyal and well-wired fan base. Clubs and fan fests have long worked to rally "Star Trek," Barbie and comic book collectors, but the D23 Expo, which begins Thursday in Anaheim, and an online fan club of the same name launched earlier this year are Disney's first attempts to organize and romance its far-flung followers.
Disney to acquire Marvel Entertainment for $4 billion in cash and stockAugust 31st, 2009 Disney to acquire Marvel for $4 billionLOS ANGELES — The Walt Disney Co. says it is acquiring Marvel Entertainment Inc.
Walt Disney Co. moves to boost its Hong Kong park with $465 million expansion planJune 30th, 2009 Disney moves to boost HK park with $465M expansionHONG KONG — The Walt Disney Co. and Hong Kong have reached a deal to expand the territory's Disneyland at a cost of nearly $465 million in hopes of boosting the theme park's fortunes, officials announced Tuesday.
Hong Kong and Disney Co. reach deal on $465 million expansion of struggling Disneyland parkJune 30th, 2009 Disney, Hong Kong reach $465M expansion dealHONG KONG — The Walt Disney Co. and Hong Kong's government have reached a deal to expand the territory's Disneyland theme park at a cost of about $465 million, officials announced Tuesday.
Disney profits plunge 46 percentMay 6th, 2009 LOS ANGELES - Entertainment conglomerate Disney saw second quarter profits plunge by 46 percent, the company said Tuesday. Citing restructuring charges, declining DVD sales and a drop in advertising, Disney said it earned $613 million in the quarter compared to $1.13 billion a year ago.
Disney's 2nd-quarter net income plunges 46 percent on studio, theme parks declinesMay 5th, 2009 Disney 2Q profits plunge 46 percentLOS ANGELES — Walt Disney Co. says its second-quarter net income fell 46 percent, with sharply lower profits at its movie studio and theme parks.
Disney's quarterly income plunges 46 percent on declines at studio, theme parksMay 5th, 2009 Disney profits plunge; recession hurts theme parksLOS ANGELES — The Walt Disney Co. said Tuesday its second-quarter net income fell 46 percent, with sharply lower profits at its movie studio and theme parks.
Flash Mountain: Disney no longer to screen for breast-baring coaster ridersMay 5th, 2009 Disney parks stop scans for topless ridersANAHEIM, Calif. — Disney says it will no longer scan riders on Splash Mountain and three other rides for guests who feel the need to flash their breasts for souvenir photos.
Disney to plant 2.7 million trees as thanks for audiences that saw nature documentary 'Earth'April 29th, 2009 Disney to plant 2.7 million trees for 'Earth'LOS ANGELES — Walt Disney Studios is turning box-office cash from its nature documentary "Earth" into seed money to plant trees in the rain forest. Disney had announced it would plant one tree in Brazil's endangered Atlantic rain forest for every viewer who saw the movie during its first week.
Kids who skip breakfast may become obese adultsMarch 26th, 2009 SYDNEY - If your schoolgoing kids skip breakfast saying they are 'too tired' or 'can't be bothered', then beware, they may grow into obese adults, says a survey. 'Children who skip breakfast are more likely to be overweight, which in the long-term can lead to the development of chronic health issues,' said Christine Bennett of Bupa, a healthcare body that conducted the survey in Australia.
Dispute halts $500 mn expansion of Hong Kong DisneylandMarch 17th, 2009 HONG KONG - An anticipated $500 million expansion of Hong Kong's struggling Disneyland theme park has been put on hold, a news report said Tuesday. Disney has laid off 30 planners and halted all creative and design work on the expansion after learning the Hong Kong government had no timetable for the work, the South China Morning Post reported, citing unnamed sources.
Disney announces 'High School Musical 4'March 5th, 2009 LONDON - After the smashing success of its first three instalments, Disney has announced the fourth movie in its hit 'High School Musical' franchise. The new musical will feature an entirely new cast of characters and debut on Disney Channel in 2010, reports contactmusic.com.
US stocks dragged down by disappointing earningsFebruary 4th, 2009 NEW YORK - US stocks were dragged down by disappointing earnings and outlook warnings Wednesday despite a better-than-expected service sector report
The market was lifted in the morning after latest data showed that contraction in the service sector slowed in January. The US Institute for Supply Management (ISM) reported Wednesday that its January non-manufacturing index rose from 40.1 in December to 42.9, better than economists' expectation.
Hong Kong Disneyland to have $500 million expansionDecember 22nd, 2008 HONG KONG - Hong Kong's struggling Disneyland theme park, the smallest Disney park in the world, is to grow by more than one third in a $500 million expansion, a news report said Tuesday. An extra 20 hectares of attractions and park are to be added to the site on Hong Kong's Lantau island to combat losses and criticism that the three-year-old theme park does not have enough rides.