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Author Topic:   Disney
cstengel
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posted January 28, 2001 05:10 PM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
WOW! I'd have thought with Warner backing down in many ways at this point, Disney would hang on a bit longer.

"
Disney may cut jobs and abandon Go.com
By Christopher Parkes in Los Angeles and James Harding in Davos
Published: January 28 2001 21:34GMT | Last Updated: January 29 2001 00:30GMT


Walt Disney is preparing to overhaul its loss-making internet operations, which is likely to involve job cuts and the abandonment of its Go.com portal.

The retreat by one of the earliest traditional media groups to invest in web-based operations marks a further setback for the troubled medium."

The rest of the story is at the Financial Times website (edited this to put the right URL in - sorry):
http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3GTJX9JIC&live=true&tagid=IXLYK5HZ8CC

[This message has been edited by cstengel (edited January 28, 2001).]

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jpgordo
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posted January 28, 2001 05:22 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
Wow! Now THAT'S news. Damn Wall Street Analysts. I blame them. They put way too much pressure on corporations to turn every piece of their operations (even in new businesses) profitable immediately.

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jpgordo
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posted January 28, 2001 05:33 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
That link didn't take me anywhere...

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cstengel
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posted January 28, 2001 05:36 PM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
Sorry, try this one:
http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3GTJX9JIC&live=true&tagid=IXLYK5HZ8CC

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HollywoodProducer
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posted January 28, 2001 06:23 PM     Click Here to See the Profile for HollywoodProducer   Click Here to Email HollywoodProducer     Edit/Delete Message   Reply w/Quote
It's geting cold out there for new media. The New York Times and L.A. Times absolutely destroyed interactive television saying that it was many years off and that the public doesn't want it. So many of these big new media companies are pouring a lot of cash into new media.

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cstengel
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posted January 29, 2001 12:02 PM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
Confirmation today -

"The Walt Disney Co. said on Monday it will shut down its struggling Internet portal GO.com, laying off about 400 employees and taking a second-quarter charge for the overhaul of its Web operations. Joining other media giants who have recently retreated from money-losing Internet operations, Disney said it will take a charge of $790 million related to the write-off of intangible assets and a further $25 million to $50 million in charges on severance and the write-off of fixed assets because of the restructuring. "

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cstengel
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posted January 30, 2001 12:32 AM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
Here's a copy of Eisner's memo to the Disney staff concerning this thing:

--------------------------

Dear Fellow Cast Members:

As you are no doubt aware, the past year has seen extraordinary changes in the world of the Internet. Today, our company is recognizing these changes by announcing changes of our own.

First of all, The Walt Disney Company is converting all outstanding shares of Disney Internet Group (NYSE: DIG) common stock into Walt Disney (NYSE: DIS) common stock. This will be effective on March 20, 2001. We are taking this action because it has become clear that the optimal way to manage our strong branded online sites -- such as the category-leading Disney.com, ESPN.com, ABC.com and ABCNEWS.com -- is to align them more closely with our traditional offline businesses. Doing so should significantly enhance the ability of the Walt Disney Internet Group to work seamlessly with Disney's established Media Networks, Consumer Products, Studio and Theme Parks & Resorts units. This is consistent with the long-held synergistic approach of our company to all of its businesses.

Secondly, we will be discontinuing the operation of the GO.com portal. Several months ago, I wrote you about the relaunch of GO.com and I continue to believe it is an outstanding site. However, market realities have led us to conclude that the GO.com portal is an ancillary business, and the best thing for our company is for us to focus on our branded sites, which represent core Disney holdings. This represents a particularly difficult decision, since it will impact approximately 400 employees, most of whom work in Sunnyvale, California. Their dedication and creativity have been an asset for our company and we will do everything we can to assist them during this transition.

Let me emphasize that the Internet remains a strategic priority for our company. As a result of the actions we are taking today, our company should be in a stronger position to make the most of the important Internet assets we already have and take full advantage of the emerging opportunities of this still-young medium.

Quite frankly, the biggest challenge of the Internet is that there's really never been anything quite like it before. And so, like the two skiers who are crossing Antarctica, we have to keep adjusting our strategies as conditions keep changing so that we can reach our ultimate goal of success and profitability in this extraordinary new electronic space.

Michael

P.S. Following you will find the press release that was issued today, which will provide you with more details about this announcement.

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jpgordo
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posted February 12, 2001 05:35 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
I didn't read that one yet. Like two skiers crossing Antarctica, huh? Not too dramatic, eh, Michael?

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cstengel
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posted March 13, 2001 12:34 PM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
Wow. "Disney Reverses Decision, Says Go.com Will Stay"

"After announcing closure of the portal and the layoffs of 400, company decides Go.com won't go after all. Go.com will be staying, the Walt Disney Company said Monday, announcing that rather than close the Web portal as planned, it will maintain the site using a former rival's technology to power its search engine. Disney launched a redesigned site quietly last Wednesday, replacing its extensive series of articles and its powerful Infoseek search engine with links to content on other Disney-owned sites, including abcnews.com and espn.com. In place of Infoseek -- which Disney acquired in 1998 in order to launch its Go.com portal -- searches will be performed by GoTo.com. Last May, Disney agreed to pay Pasadena-based GoTo.com $21.5 million to settle a copyright infringement lawsuit."
http://www.inside.com/jcs/Story?article_id=25702&pod_id=13

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Imax_max
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From:Sherman Oaks, California
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posted April 19, 2001 01:34 PM     Click Here to See the Profile for Imax_max   Click Here to Email Imax_max     Edit/Delete Message   Reply w/Quote
Disney's letting everybody go. Publicly, they're saying 4,000. Privately, they want 10% across the board. That's closer to 12,000. But all figures are for all units, internationally.

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indiedan
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posted May 03, 2001 03:02 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Disney Internet Consolidates, to Unveil New Site

Walt Disney Internet Group, back under the corporate umbrella of Walt Disney since earlier this year, said Thursday it plans to consolidate assets and unveil a revamped ABC.com site, with expanded entertainment and news content beginning this September. The Internet group will incorporate content from its Mr. Showbiz entertainment and Wall of Sound music sites on the new ABC site as part of Disney's decision earlier this year to focus Web operations on the Disney, ABC and ESPN core brands. The consolidation will result in a small number of job cuts, but a company spokeswoman did not have details. The layoffs will be part of the previously announced Disney plan to cut as many as 4,000 jobs from its global staff by this summer. A total of 1,500 people are employed by Walt Disney Internet Group, the spokeswoman said.

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fred
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posted May 04, 2001 08:59 AM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message   Reply w/Quote
How many times can you relaunch before people stop showing up? It seems like Disney is redesigning every month.

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jpgordo
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posted June 15, 2001 07:51 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
Disney Online is going to be making a major deal in the next few weeks. Count on it.

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fred
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posted August 01, 2001 12:59 AM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message   Reply w/Quote
They are finally started to advertise online the right way. They are using banner ads to promote upcoming shows. That is a terrific way to get attention. For cable channels the internet is the perfect way to advertise it tells you when and where on one 468x60 ad and then it's burned into your brain. The ad placement agencies need to catch up to the weekly advertiser market...

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indiedan
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posted October 04, 2001 05:32 PM     Click Here to See the Profile for indiedan   Click Here to Email indiedan     Edit/Delete Message   Reply w/Quote
Disney.com got a lot of flack for not doing anything to their site after the WTC attack. Nickelodeon was praised for their handling in asking their kid fans to talk to their parents about what happened, etc. Disney just went on as though nothing changed... which is a bad corporate position.

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