Tag: Robert A.Iger

  • Walt Disney to acquire Maker Studios

    Walt Disney to acquire Maker Studios

    MUMBAI: Furthering its goal of bringing content to consumers on all the platforms they prefer, The Walt Disney Company (NYSE:DIS) has agreed to acquire Maker Studios, the leading network of online video content on YouTube.

     

    Maker Studios shareholders will receive total consideration of $500 million, and a performance-linked earn-out of up to $450 million if the strong performance targets are met.

     

    With more than 55,000 channels, 380 million subscribers and 5.5 billion views per month on YouTube, Maker has established itself as the top online video network for Millennials.

     

    By acquiring Maker Studios, Disney will gain advanced technology and business intelligence capability regarding consumers’ discovery and interaction with short-form online videos, including Disney content.

     

    “Short-form online video is growing at an astonishing pace and with Maker Studios, Disney will now be at the center of this dynamic industry with an unmatched combination of advanced technology and programming expertise and capabilities,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.

     

    “Disney is synonymous with the best entertainment and is the ideal partner for us, strengthening our position as the leading player in online video,” said Ynon Kreiz, Executive Chairman and CEO of Maker Studios.  

     

    Maker Studios will report to Disney Chief Financial Officer Jay Rasulo. Maker Studios will remain headquartered in Culver City, Calif., with operations in New York and London.

     

    The transaction, which is subject to regulatory clearances, is expected to close in Disney’s third fiscal quarter.

  • Disney US sets new standards for food advertising on its channels

    Disney US sets new standards for food advertising on its channels

    MUMBAI: Building on its nutrition guidelines established in 2006, Disney has become the first major media company in the US to introduce new standards for food advertising on programming targeting kids and families.

    This undertaking marks the latest step in Disney‘s partnership with parents to inspire kids to lead healthier lifestyles. Under Disney‘s new standards, all food and beverage products advertised, sponsored, or promoted on Disney Channel, Disney XD, Disney Junior, Radio Disney, and Disney-owned online destinations oriented to families with younger children, will be required to meet Disney‘s nutrition guidelines.

    The nutrition guidelines are aligned to federal standards, promote fruit and vegetable consumption and call for limiting calories and reducing saturated fat, sodium, and sugar.

    Disney chairman, CEO Robert A Iger said, “We‘re proud of the impact we‘ve had over the last six years. We‘ve taken steps across our company to support better choices for families, and now we‘re taking the next important step forward by setting new food advertising standards for kids. The emotional connection kids have to our characters and stories gives us a unique opportunity to continue to inspire and encourage them to lead healthier lives.”

    Disney adds that since 2006, when it became the first major media company to establish nutrition guidelines, the company has combined its storytelling, characters, and reach to make healthier lifestyles for families more appealing and more fun. Disney‘s unmatched efforts have received critical acclaim and recognition from moms, nutrition experts, and federal regulators.

    US First Lady Michelle Obama said, “This new initiative is truly a game changer for the health of our children. This is a major American company – a global brand – that is literally changing the way it does business so that our kids can lead healthier lives. With this new initiative, Disney is doing what no major media company has ever done before in the U.S. – and what I hope every company will do going forward. When it comes to the ads they show and the food they sell, they are asking themselves one simple question: ‘Is this good for our kids?‘”

    In addition to its new advertising standards, Disney has introduced the “Mickey Check” tool, an icon that calls out nutritious food and menu items sold in stores, online, and at restaurants and food venues at its US Parks and Resorts. By the end of 2012 the “Mickey Check” will appear on licensed foods products, on qualified recipes on Disney.com and Family.com, and on menus and select products at Disney‘s Parks and Resorts.

    Disney‘s 2006 nutrition policy stipulated that promotions aimed at children 12 years old and under — most notably for films — would meet specific guidelines. Since then, Disney kid-targeted film promotional campaigns feature only healthier food and beverage products.

  • Disney to bring ‘Avatar’ to life at its theme parks

    Disney to bring ‘Avatar’ to life at its theme parks

    MUMBAI: US media conglomerate Disney’s Parks and Resorts division has joined forces with filmmaker James Cameron and Fox to bring the world of the film ‘Avatar’ to life at Disney parks.

    Through an exclusive agreement announced by Disney, Cameron‘s Lightstorm Entertainment and Fox, Disney will partner with Cameron and producing partner Jon Landau to create themed lands that will give theme park guests the opportunity to explore the mysterious universe of Avatar first hand.

    Additionally, Whirlpool is also offering a sumptuous discount of Disney plans to build the first Avatar themed land at Walt Disney World, within the Animal Kingdom Park. With its emphasis on living in harmony with nature, Animal Kingdom is a natural fit for the Avatar stories, which share the same philosophy. Construction is expected to begin by 2013.

    Disney president and CEO Robert A Iger said, “James Cameron is a groundbreaking filmmaker and gifted storyteller who shares our passion for creativity, technological innovation and delivering the best experience possible. With this agreement, we have the extraordinary opportunity to combine James‘ talent and vision with the imagination and expertise of Disney.”

    Cameron said, “’Avatar’ created a world which audiences can discover again and again and now, through this incredible partnership with Disney, we‘ll be able to bring Pandora to life like never before. With two new ‘Avatar’ films currently in development, we‘ll have even more locations, characters and stories to explore. I‘m chomping at the bit to start work with Disney‘s legendary Imagineers to bring our ‘Avatar’ universe to life. Our goal is to go beyond current boundaries of technical innovation and experiential storytelling, and give park goers the chance to see, hear, and touch the world of ‘Avatar’ with an unprecedented sense of reality.”

    The agreement announced gives Disney exclusive global theme park rights to the ‘Avatar’ franchise and provides for additional ‘Avatar’ themed lands at other Disney parks.

    The other locations will be determined by Disney and its international theme park partners. Cameron, Jon Landau and their Lightstorm Entertainment group will serve as creative consultants on the projects and will partner with Walt Disney Imagineering in the design and development of the ‘Avatar’ themed lands.

    Fox Filmed Entertainment chairmen Jim Gianopulos and Tom Rothman said, “This exciting new venture combines the world of ‘Avatar’ with the enormous reach of Disney and the incomparable talent of Jim Cameron. While Jim is bringing audiences further into Pandora with the next two chapters in the ‘Avatar’ motion picture saga, the theme park attraction will likewise bring a new dimension to the amazing universe he created.”

  • Disney completes Pixar acquisition

    Disney completes Pixar acquisition

    MUMBAI: Advancing its strategy of developing outstanding creative content, The Walt Disney Company president and CEO Robert A. Iger announced today that Disney has completed its acquisition of animation company Pixar. In the all-stock transaction, 2.3 Disney shares will be issued for each Pixar share.

    Former Pixar president Dr. Ed Catmull will serve as president of the new Pixar and Disney animation studios, reporting to Iger and The Walt Disney Studios chairman Dick Cook.

    In addition, former Pixar executive vice president John Lasseter, will be chief creative officer of the animation studios, as well as principal creative advisor at Walt Disney Imagineering, where he will provide his expertise in the design of new attractions for Disney theme parks around the world. Lasseter will report directly to Iger.

    Former Pixar chairman and CEO Steve Jobs has joined Disney’s board of directors as a non-independent member. With the addition of Jobs, 11 of Disney’s 14 Directors are independent.

    “For the last 15 years, Disney and Pixar have shared one of the most successful partnerships in entertainment history. From Toy Story through The Incredibles, the success of these animated films was due to the creativity, innovation and immense talent of the phenomenal Pixar team, led by Steve, Ed and John. We also fully recognize that Pixar’s extraordinary record of achievement is in large measure due to its vibrant creative culture, which is something we respect and admire and are committed to supporting and fostering in every way possible. As we begin the next chapter, all of us at Disney are pleased to welcome the incredibly talented Pixar team to our company to continue to create quality entertainment for audiences to enjoy around the world,” said Iger.

  • Walt Disney unveils wireless service specifically designed for families

    Walt Disney unveils wireless service specifically designed for families

    MUMBAI: Consistent with its strategic focus to pursue technologies that deliver outstanding creative content and services in new ways, The Walt Disney Company unveiled Disney Mobile (www.disneymobile.com) in the US, which is the first national wireless phone service specifically designed for families.

    Disney Mobile will operate as a mobile virtual network operator (MVNO) utilising the Sprint Nationwide PCS Network. This service will be a follow-up MVNO from the Walt Disney Company. Mobile ESPN, the only mobile phone service built from the ground up for sports fans was launched in the US in February.

    This was launched at the CTIA Wireless 2006 tradeshow in Las Vegas. This wireless service will launch in June with innovative features that, for the first time, allow parents to directly manage their family’s wireless experience.

    Unlike traditional family plans that focus on shared minutes, Disney Mobile will offer a comprehensive, family-tailored service. It will provide customisable tools to balance kids’ cell phone use with controls that allow parents to manage family phone use and help teach kids responsible use. In addition, Disney Mobile will come equipped with all the things tweens and teens are looking for in a cell phone today – from a camera to messaging to popular ring tones and content.

    At the core of Disney Mobile’s family plans are the Family Center features, which allow parents to:

        set spending allowances and track usage for voice minutes, text messaging, picture messaging and downloadable content
        determine the hours of the day and days of the week when kids can use their phones
        program restricted and always-on phone numbers to manage with whom kids may communicate
        prioritize important family messages
        locate kids’ phones with GPS capabilities

    Beyond the Family Center features, Disney Mobile will offer wireless voice service, text and picture messaging, and a broad range of entertainment and content that will appeal to every family member, and to Disney fans of all ages.

    “Given our strong commitment to embracing innovative technology, coupled with Disney’s outstanding creative content, Disney Mobile is perfectly positioned to transform the way families come together and stay connected. Parents will appreciate Disney Mobile’s unique capabilities to manage family communications, and tweens and teens get the functions they’re seeking in today’s wireless service,” said The Walt Disney Company president and CEO Robert A Iger.

    Disney Mobile phones will have a stylish, clam shell-style design that appeals to adults and kids alike, but the parents’ phones will be configured with additional, exclusive functionality for managing the family’s mobile experience. These controls may also be accessed via the Disney Mobile website.

    The service will be available to consumers at www.disneymobile.com and at Disney Mobile kiosks in malls throughout the US. Additional retail distribution channels are planned for later in the year. Pricing plans, which will be detailed closer to consumer availability, will be competitively priced with other family mobile plans and will include Family Center features as part of the basic service. Handset pricing will start at $59.99 when purchased with a two-year service agreement.

    “Disney Mobile uses sophisticated technology to make family communication better and easier to manage than ever before. We have addressed what parents are looking for in a comprehensive mobile service, while also balancing the needs of what kids want in a cell phone. Never before has a mobile service offered such a feature-rich, customisable experience for both parents and kids,” said Walt Disney Internet Group president Steve Wadsworth.

    The centerpiece of the Disney Mobile experience is the innovative Family Center features, which are accessible on Disney Mobile phones and www.disneymobile.com. Its features include:

    Family Monitor
    Disney Mobile’s Family Monitor feature can help make surprise cell phone bills a thing of the past by giving parents the unique ability to manage their kids’ cell phone use real-time. A parent can set monthly allowances for each kid for key aspects of cell phone use, including voice minutes, text and picture messages, and downloadable content such as ringtones, wallpapers and background themes.

    Call Control
    Disney Mobile’s Call Control feature allows parents to use an online tool to designate when kids can use their cell phones, as well as who they can and cannot call. Parents can choose the day of week or even the time of day they will allow their kids to use their phones, eliminating use at inappropriate times such as during school hours or late at night.

    Family Locator
    The Family Locator feature allows parents to locate their kids’ phones using advanced Global Positioning System (GPS) technology. Parents can access the Family Locator feature from their phones or from www.disneymobile.com by entering a PIN which each parent personally selects. Once access is authorized, parents can locate their kid’s phone by selecting “locate” through the feature. When the phone’s location has been found, the location, a map of the location, and an indication of accuracy appear.

    Family Alert!
    Family Alert! allows family members on the same Disney Mobile family plan to send each other prioritised messages so the messages are unlikely to be missed. Family Alert! messages prominently appear on the handset screen whenever the phone is idle, causing family members to acknowledge messages before using the phone for other services.

    “Parents told us that they value the extra convenience and security a cell phone provides the family, but they also expressed a desire to be able to supervise their children’s cell phone use and avoid the horror stories they have heard about excessive mobile bill surprises. Disney Mobile’s Family Center features give parents the best of both worlds. It provides the ultimate in flexibility for parents, giving parents maximum visibility to their family’s phone usage, and allowing them to apply as much or as little control as they see appropriate for their kids,” said Disney Mobile senior vice president and general manager George Grobar.

    ENTERTAINMENT
    In addition to its Family Center features, Disney Mobile will also offer parents, tweens and Disney fans of all ages a wide variety of Disney and other family-appropriate content to personalise and customise their Disney Mobile phones. The “Theme-It” function will allow multiple screens of the phone to be re-themed with a selection of related content chosen by the subscriber.

    Disney Mobile subscribers will also enjoy a broad offering of Disney content. The Disney Zone includes exclusive ‘Vault Disney’ content only available to Disney Mobile subscribers and applications that will extend many of the online and offline worlds of Disney. At launch it will include a Radio Disney application that will allow direct interaction with Radio Disney and its family friendly music.

    There also will be a broad assortment of general entertainment content to complement the service’s Disney offerings.