Burbank, California – Underscoring the growing importance of Asia to The Walt Disney Company’s global growth strategy, Paul Candland has been named to the newly created position of president, The Walt Disney Company, Asia, with oversight of Japan, Korea, Southeast Asia, and Greater China. Candland, a 16-year Disney veteran and president of Walt Disney Japan, will be responsible for driving the company’s strategy and coordinating all of its business efforts in Asia. He will … [Read more...] about The Walt Disney Company announces two new appointments
Robert A. Iger
Shanghai Disney Resort to accelerate expansion
Burbank, California – The Walt Disney Company announced on April 28 that it has reached an agreement with Shanghai Shendi Group, its joint venture partner in China, to accelerate the expansion of Shanghai Disney Resort. The increased investment of approximately 5 billion yuan (US$800 million) will be used primarily for additional attractions, entertainment and other offerings to increase capacity at the theme park, with the majority targeted to be completed for opening day. … [Read more...] about Shanghai Disney Resort to accelerate expansion
Disney names Ben Sherwood to succeed Anne Sweeney
Burbank, California – The Walt Disney Company [NYSE: DIS] announced on March 24 that ABC News President Ben Sherwood will assume the title of co-chairman, Disney Media Networks and president, Disney/ABC Television Group on February 1, 2015. Anne Sweeney, Co-Chair, Disney Media Networks and President, Disney/ABC Television Group, will remain in that capacity through January 2015. Effective immediately, Sherwood will begin the transition as Co-President, Disney/ABC Television Group. He will … [Read more...] about Disney names Ben Sherwood to succeed Anne Sweeney
Disney acquires Maker Studios
Burbank, California – The Walt Disney Company (NYSE:DIS) has agreed to acquire YouTube video content network Maker Studios. Maker Studios shareholders will receive total consideration of US$500 million, and a performance-linked earn-out of up to US$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 … [Read more...] about Disney acquires Maker Studios
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