Following complaints from critics about an Epcot exhibit on childhood obesity, Walt Disney World is retooling it and it was stated that the step was very insensitive to obese kids and reinforced typecast.
The interactive exhibit, Habit Heroes, was showing villains that were supersize and had a habit of eating junk food all the time and saw television for most of the time and fitness superheroes were fit and looked gallant.
According to doctors, there are many reasons to obesity like certain medications, genetic make-up and food can be used as a coping mechanism.
After a number of rounds of talks, Walt Disney Co. and Time Warner Cable Inc. have struck a deal that would provide the cable users of Time Warner Cable with Disney’s various programs and cable networks.
No light was thrown by both the Companies on the financial details of the deal. There has been news that high charges are being expected by network owners from pay-TV providers; it is so because they want to counterbalance the distressed state of advertising market with the high fees.
Walt Disney Co.’s bottom line in the third quarter turned rosy after it was helped by ESPN’s World Cup soccer coverage and the well-performed box office of movies that includes Disney/Pixar Animation Studios’ ‘Toy Story 3’.
As informed by the media giant, it succeeded in earning a 40% hike in its proceeds to $1.3 billion that is up from $954 million one year ago. Revenue struck $10 billion for three month’s time that ended on 3rd July, which is a boost of 16% from a year prior.
Walt Disney Co. on Tuesday raised its first step towards dominating the social game business as the biggest entertainment podium, by announcing to takeover gaming Company Playdom Inc. The acquisition deal is revealed to be worth $563.2 million.
The deal would power Disney to enter and invest in the video game industry that is witnessed to grab momentum at a robust pace.
Disney’s deal with the biggest makers of online social games is cited to put the Company’s plan to make use of the Company's well known characters and labels across numerous podiums, on the right track.
Walt Disney Co.'s attempt to dominate the video game business as Hollywood's biggest player can be witnessed to take some shape. The fast flourishing demand of video games on social networks is cited to serve as a driver for the Burbank media giant.
The Company is revealed to be in talks with Playdom Inc. to acquire it under a deal offer worth more than $500 million, people known to the matter claimed.
Construction entrepreneur, Ron Tutor and investment company, Colony Capital have struck a deal in principle to acquire Walt Disney Co's Miramax, a source with this information said on Thursday.
The source said that all the groups have settled on terms and conditions of the accord and lawyers were in the process of drafting an official concord.
The source informed that the group would compensate between $600 million and $700 million cash for the art house studio that Disney had purchased in the year 1993.
The Walt Disney Company is approaching the auction of its Miramax Films unit to an investor group directed by a construction Executive, Ronald N. Tutor, and the private equity firm Colony Capital, for $600 million to $700 million.
Maintaining that the talks were still ongoing and they could even collapse, the people said that the deal for Miramax could be made, within a week. As the negotiations were confidential, the individuals spoke on the condition, that anonymity would be preserved.
Walt Disney Co. made its way to a new venture by acquiring Music Game Company, Tapulous, which was founded by Bart Decrem and Andrew lacy. Decrem will be serving Disney as Senior Vice President.
The price of the deal has not been disclosed till yet.
The market scenario has become competitive, with a number of players operating in the market such as Apple, Android, Ngmoco, Booyah, Zynga, Electronic Arts and Gameloft competing against each other in the segment of Games Applications.
Walt Disney Co. proclaimed on Thursday that it has purchased Tapulous, the developer of “Tap Tap Revenge”. The latter has the record of producing a number of other worldwide acclaimed games including the ones running on Apple iOS platform.
The agreement between the two was confirmed by Mashable and TechCrunch, ahead of Disney’s announcement. Also, Tapulous had declared the acquisition, without sharing the amount of the deal.
Tapulous will now become a 100% owned subsidy of the Walt Disney Company, accounting to Disney Interactive Media Group.
Disney is going to launch “World of Color”, a water adventure program, on Thursday at its park which had been built nearly 10 years ago. The estimated cost of the waiter show is about $75 million. The park has been under renovation since the last few years and has drawn nearly $1 billion from the Company’s deposits.
It has been reported on Saturday that Walt Disney Co will have an exclusive talk on Monday to sell its Miramax film unit to Los Angeles construction magnate Ron Tutor and film financier partner David Bergstein.
When Disney declined the comments, Tutor and Bergstein were unavailable. The Tutor has said that the exclusive negotiating window would expire at midnight on June 17; however, he added that such deadlines were frequently extended.
Walt Disney Co., world's leading media company, reported better-than-expected earnings for the fourth-quarter of the year, enhancing hopes for recovery of the struggling media sector.
California-based Walt Disney said its profit soared to $895 million during the three months ended October 3, up from $760 million in the same period of 2008.
Per share profit stood at 47 cents, against 40 cents a year ago. Excluding one-time items per share profit of 46 cents beat the 41-cent average estimate of 21 analysts.
Walt Disney Co. has received green signal from China’s central government to pursue a plan to build a theme park in Shanghai.
The approval will provide the California-based entertainment company with a chance to proceed with a project expected to be one of the largest foreign investment so far in China.
The Chinese government approved the theme park plan just a few days before US President Barack Obama’s first official visit to China.