The New York Times covers the recent announcements that Disney is expecting disappointing results from its movie studio division, while Time Warner is expecting to meet its financial goals for 2005 (free registration required). The Times‘ coverage fails to note that Disney’s Chief Financial Officer Tom Staggs stated that Disney is still on-target to meet […]
Copyright Promotions Group — the licensing giant that represents the likes of Bratz, Care Bears, Dora the Explorer, Sabrina and The Simpsons — has been bought out by its management, who have acquired the share that was owned by US venture capital firm Beringea. The current management, led by Chairman Matthew Wheeler and CEO Kirk […]
Patricia Wyatt, former president of 20th Century Fox Consumer Products, has been named president of Hit North America, C21Media reports. Based in the company’s New York offices, Wyatt will be charged with expanding Hit’s consumer products and home entertainment businesses as the company looks to strengthen its bottom line. She will also be exploring opportunities […]
Viacom Inc. has entered into a multi-year search marketing and Web search distribution agreement with Yahoo!, the company announced today. Under the undisclosed terms of the agreement, Yahoo! will provide multiple search marketing and Web search services to Viacom’s online properties including MTV.com and NickJr.com, among others. PR Newswire has details.
As part of Carl Icahn’s continuing efforts to lift Time Warner’s stock price, Icahn on Thursday met with Time Warner CEO Richard Parsons, World Screen reports. According to a Time Warner spokesman, Icahn and Parsons “had a frank and open exchange of views.” Parsons reportedly made clear to Icahn that “the board and management are […]
IDT Entertainment has named Neil S. Braun to the post of President of Feature Films and Television and Jerry Davis to the post of Chief Creative Officer, Animated Features, the company said today. Braun will oversee all business deals regarding feature film and television properties. Davis will head up the development of creative content and […]
Corporate raider Carl Icahn is trying to form a faction of shareholders that would press Time Warner into a corporate restructuring, The New York Times (access requires free registration) reports. Icahn controls a hedge fund that owns five million shares of Time Warner, which is the parent of Warner Bros. Pictures and Cartoon Network. Icahn […]
Time Warner, Viacom, and Pixar all reported second quarter financial results this week. Time Warner’s revenues decreased 1% over the same period in 2004 to $10.7 billion, with expected declines at the Filmed Entertainment and AOL segments offset almost entirely by growth at the Cable, Networks, and Publishing segments. The Company reported an Operating Loss […]