Rich Ross is the new chairman of Walt Disney Studios
Walt Disney Studios has announced the appointment of Rich Ross as their new chairman.
Disney Chief Executive Robert A. Iger has hired him as the replacement of Dick Cook.
Ross is now responsible for developing more profitable projects for the company.
Iger spoke about Ross: “Rich [...]
Dick Cook leaving Walt Disney Studios
Walt Disney Studios has announced that their current chairman Dick Cook has decided to step down from his position in the company.
Cook is leaving the company to pursue other interests.
Industry sources say that Cook told the company management that he no longer fits in his current position.
Disney [...]
Walt Disney to acquire Marvel Entertainment
This one is a biggie.
Walt Disney has announced that they are now acquiring Marvel Entertainment.
This acquisition deal is worth around USD 4 billion.
It is a great buy for Disney as they would gain rights to around 5,000 Marvel characters.
These include some high profile names like Spider-Man, [...]
Walt Disney cutting 1900 jobs in US operations
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Walt Disney has announced that they are cutting around 1900 jobs in their U.S. theme parks.
These job cuts are part of their earlier announced reorganization [...]
ABC to see 200 job cuts
Walt Disney is said to be close to announcing a job cut in their ABC division.
Market sources say that around 200 jobs could be cut at ABC.
The company could freeze an additional 200 vacant jobs to cut costs in these tough economic times.
This measure would mean that the [...]
Walt Disney sells Movies.com to Fandango
Fandango has announced that they have acquired to domain Movies.com from Walt Disney.
The financial terms of the deal have not been revealed to the media.
Fandango is owned by Comcast and it specializes in selling movie tickets and other entertainment services.
The company said that they would now handle the movie [...]
DTS Digital Images acquired by Reliance Big Entertainment
Reliance Big Entertainment has announced that they are now acquiring the US based company DTS Digital Images.
DTS Digital Images is also known as Lowry Digital Images and they specialize in restoration of digital media content.
They provide solutions to Hollywood studios in improving the picture quality of movies, television [...]
Disney has no interest in acquiring AOL
Market sources say that Time Warner is expected to sell off their internet division AOL which is struggling against rivals including Google, Yahoo and Microsoft.
Walt Disney was rumored to be one of the interested parties though the company has now made it clear that they have no interest in [...]
Walt Disney to develop Japanese content in Japan
Walt Disney is rumored to be planning to collaborate with Japanese companies to produce content for television in this market.
The US based entertainment giant would work with several players like Toei Animation Co., Madhouse Co. and Jinni’s Animation Studios on this initiative.
An inside source said that the company [...]
