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Tag Archives: Business

December 4

December 4, 2012 – Disney Announces Distribution Deal with Netflix

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“Disney and Netflix have shared a long and mutually beneficial relationship and this deal will bring to our subscribers, in the first pay TV window, some of the highest-quality, most imaginative family films being made today.” – Ted Sarandos, Netflix Chief Content Officer

On December 4, 2012, Disney announced a deal with the online streaming service Netflix, making them the exclusive U.S. subscription television service for Disney films, which includes the Disney catalog, but films from four of Disney’s subsidiaries: Pixar, Marvel, Disneynature, and Disney Animation. This deal was reached after Netflix’s contract with Starz expired in February, 2012. The exclusive part of the deal begins with Disney films released in 2016, although Netflix is currently streaming several Disney animated classics and direct-to-video titles. This deal did not include a DVD component. After announcing the deal to the media, Netflix shares rose 14%. It was estimated that the company would be paying over $350 million a year for the Disney catalog.

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November 7

November 7, 1994 – Paul Pressler is Named President of Disneyland Resort

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“Paul is a talented, creative business executive. He is fiscally sophisticated, he nurtures great ideas and he knows how to see them through. I know that Disneyland will thrive under his leadership.” Then-chairman and CEO of The Walt Disney Company Michael Eisner

On November 7, 1994, president of Walt Disney Attractions Judson Green announced Paul Pressler as the new president of Disneyland Resort, replacing Jack Lindquist. Pressler joined Disney in 1987 as the senior vice president of Disney Licensing, and moved to senior vice president of Consumer Products. After joining the Disney Store as president in 1993, Pressler helped orchestrate the opening of hundreds of shops all over the world, expanding the number from 160 stores to 335 in 8 different countries. As president of Disneyland, he was instrumental in the expansion of Disneyland to a two park resort with three hotels.

August 31

August 31, 2009 – Disney Announces the Acquisition of Marvel Entertainment

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“Marvel’s brand and its treasure trove of content will now benefit from our extraordinary reach.” – Bob Iger, CEO of the Walt Disney Company

On August 31, 2009, The Walt Disney Company announced a surprise deal to acquire Marvel Entertainment for $4 billion in cash and stock. The deal allows Disney to take Marvel’s cast of characters across the different media platforms Disney has at their disposal; Iger told investors that Pixar was especially excited about the opportunities this acquisition could produce. Disney also noted that they plan to bring to the forefront many characters from the Marvel library that weren’t well known. When the deal was announced, the Marvel stock shot up 26%.

April 17

April 17, 1933 – Former President and CEO of The Walt Disney Company Ron W. Miller is Born

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“I’m really very proud of having been a professional athlete. I think it teaches you to be competitive, to accept challenges, and to see things through.”

On April 17, 1933, Ronald William Miller was born in California. He attended the University of Southern California, lettering in football. It was there where he met Diane Disney, daughter of Walt, on a blind date. The two married in a small church ceremony on May 9, 1954. Soon ­after the wedding, Miller was drafted into the Army, but on his return, he played with the Los Angeles Rams as a tight end. During one game, when Walt was watching from the stands, Miller was hit hard enough to be knocked unconscious. Worried about the danger of the sport and his grandchildren, Disney offered Miller a job, which Miller accepted. He joined the company in 1957, with his first assignment as a second assistant on the 1957 film Old Yeller. He would soon move to the role of associate producer for Bon Voyage, Summer Magic, Moon Pilot, and A Tiger Walks. After this, he moved up to the role of co-producer on such films as The Monkey’s Uncle, That Darn Cat!, and Monkeys, Go Home! Miller had his first full producer credit on the 1968 film Never a Dull Moment, and served as an executive producer for 12 years. In 1980, Miller was elected president of the Walt Disney Company, and was also named CEO in 1983. During his term, the Touchstone label was created, with its first film being the hit Splash; Miller was also responsible for creating The Disney Channel and initiating the studio’s first attempts at computer animation, thanks to the film Tron. Unfortunately, Miller’s tenure was rife with corporate takeover attempts, and in 1984, Miller was ousted in favor of Michael Eisner and Frank Wells. He now spends his days at the Silverado Vineyards Winery, building its reputation.