The Last Nail

[tealin]

Well, it was bound to happen eventually, I'm just surprised it's so soon:

Disney Closes Australian Studio

The end of cheapquels? Well, 2D cheapquels anyway. Or are they going to farm them out to service studios?

Don't really know what to make of it, to be honest.

Comments

[vytresna.livejournal.com]

If you didn't know, er, SaveDisney totally folded. I don't know what a Director Emeritus is, but until I hear otherwise, I'll just call it "lands and titles."

*ahem*

Roy Disney and Walt Disney Co. Resolve Differences
JOINT STATEMENT FROM THE WALT DISNEY COMPANY AND ROY E. DISNEY AND STANLEY P. GOLD

BURBANK, Calif. (July 8, 2005) -- The Walt Disney Company, Roy E. Disney and Stanley P. Gold announced today that they have agreed to put aside the differences that have characterized their relationship over the past several years. Messrs. Disney and Gold have agreed not to run a rival slate of directors or submit shareholder resolutions for the next five years. Messrs. Disney and Gold have also agreed to dismiss all their pending lawsuits against the Company. In reestablishing ties with him and his family, the Company has named Roy E. Disney Director Emeritus and a consultant. The Company also reaffirmed its commitment to the rotation of committee members and chairpersons on its Board committees as currently required by the Company's Corporate Governance Guidelines. In putting aside their differences, the Company noted Mr. Disney's long time devotion to the Company and welcomed the reestablishment of a relationship with him and his family. Messrs. Disney and Gold expressed confidence in Mr. Iger's leadership, and as Mr. Eisner retires after 21 years with the Company, they acknowledged his contribution to the Company over the years.

[vytresna.livejournal.com]

Oh, and the website is shutting down on August 7. Grab those articles while you can!