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2011-07-07 11:28:36

Internet video service Hulu expects the number of paying subscribers to top 1 million by the end of summer, much earlier than it previously predicted, said its chief executive on Wednesday. The popularity of the paid plan has soared and may lead to even more interest in Hulu, which is currently owned by Walt Disney Co., News Corp., NBC Universal and Providence Equity Partners. The company is up for sale and several potential buyers have shown interest. "We are extremely encouraged by the...

2010-03-06 23:43:00

BETHPAGE, N.Y., March 7 /PRNewswire-FirstCall/ -- Cablevision Systems Corporation (NYSE: CVC) today issued the following statement after ABC Disney pulled WABC from Cablevision customers, calling on Disney CEO Bob Iger to return WABC immediately while the negotiations continue. Cablevision pays ABC Disney $200 million for programming, more than any other company, and ABC Disney is demanding $40 million more in new fees for the same channels. Charles Schueler, Cablevision's executive vice...

2010-03-05 16:31:00

BETHPAGE, N.Y., March 5 /PRNewswire-FirstCall/ -- Cablevision Systems Corporation (NYSE: CVC) today continued to urge ABC Disney to listen to government officials and consumers and not pull the plug on WABC at midnight on Saturday, March 6, 2010 while the negotiations continue. Cablevision has announced that it will leave the WABC Channel position open and available and that the switch is in Disney President and CEO Bob Iger's hands. Charles Schueler, Cablevision's executive vice...

2009-12-16 14:20:00

BURBANK, Calif., Dec. 16 /PRNewswire/ -- Roy Edward Disney, son of Disney Studios co-founder Roy O. Disney, and nephew of Walt Disney, passed away today (12/16/09) at Hoag Memorial Hospital Presbyterian in Newport Beach, California, following a year-long battle with stomach cancer. He was 79 years old. Disney was a successful businessman, philanthropist, filmmaker, and award-winning sailor, who played a key role in the revitalization of The Walt Disney Company and Disney's animation...

2009-09-19 13:56:48

Walt Disney Studios head Dick Cook is parting ways with the U.S. company after 38 years following a surprising studio decision, a source close to Cook says. The unidentified source said Cook was caught unawares Friday when studio officials informed him they wanted to go in a different direction, the Los Angeles Times reported Saturday. An unidentified representative for the studio denied the report about Friday's meeting of studio officials. The departure of Cook comes months after Disney...

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2009-08-31 10:35:00

U.S. entertainment giant Disney Co. said Monday it would acquire Marvel Comics and its stable of characters for $4 billion. The purchase will give Disney the rights to Spiderman, the Hulk, X-Men, the Fantastic Four, Captain America and 5,000 or so extras, sidekicks, bad guys and minions. We believe that adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation, Robert Iger, Disney's president and chief executive officer,...

2009-08-17 18:46:00

LOS ANGELES, Aug. 17 /PRNewswire-USNewswire/ --- The Walt Disney Company has donated $100,000 to the American Red Cross of Greater Los Angeles in support of the organization's Catastrophic Disaster Plan, a disaster preparedness project to feed and shelter 250,000 people following a major disaster, such as a large scale earthquake. The Walt Disney Company's donation aided the Red Cross in qualifying for a $1 million challenge grant. To date, the total committed donations to the Plan are...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'