Will Eisner survive the 'Spring at Disney'?

MUMBAI: They call it Spring at Disney - the Disney corporate board meeting held every April.

This year's meet, that is currently underway, happens to be one of the most closely watched corporate board meetings in recent memory. The meet will decide the fate of CEO Michael Eisner who was ousted from the post of chairman following an investors' revolt on 3 March. Till then, he was holding the twin posts of chairman and CEO.

Media reports suggest that some high-profile investors have called on Disney directors to dismiss Eisner, whose contract ends in September 2006. But not many Disney observers are anticipating such drastic action as Eisner's dismissal. Directors of Disney are also expected to analyse the post-March developments during the meet.

In March, Eisner had agreed to step down as chairman after 43 per cent of shareholders withheld their votes from Eisner has been blamed by some for the lackluster performance of the media-entertainment powerhouse in recent years. The company has acknowledged several of its movies biting the dust at the box-office, including the recent releases Home on the Range and The Alamo. Disney has also moved to shake up the management at its struggling ABC (American Broadcasting Company) television network.

The meeting has attracted a lot of media glare also because it might signal the future of Comcast Corporation's unsolicited bid. Aspiring Disney-owner Comcast has been keeping mum in recent weeks on its outstanding offer for Disney, as they are awaiting quarterly earnings announcement this Wednesday. At the same time, some reports suggest that Comcast is ready to withdraw its bid.

"The board at Disney has two options: oust Mr. Eisner today in order to open the door to an internal successor or keep him and his preternatural resistance to grooming senior executive talent at the expense of his perceived responsibility for Disney's performance," reads an article in Red

Meanwhile, dissident shareholders Roy E. Disney and Stanley Gold lashed against the Disney's director board in their web site Making a dig at Eisner and his colleagues, Stanley Gold writes: "Well, Spring at Disney is here again! And do you know how we can tell? They're rearranging the deck chairs again at ABC. It's an annual festival, a little like Musical Chairs, where everyone moves up, down, or over a place or two and pretends it's the solution to the fourth place dilemma. And there are always a few faces missing when it's over."

Latest Reads
Sky News gets 15-year commitment from Disney in takeover battle

MUMBAI: Disney has refrained from selling Sky News without the U.K government’s permission and offered British authorities a commitment to operate Sky News for 15 years. For its part, 21st Century Fox has offered new commitments in an attempt to get its $15 billion bid for Sky over the finish line...

Television TV Channels News Broadcasting
Discovery picks Park Avenue address for new global HQ

MUMBAI: Discovery Inc. has selected a Park Avenue address for its new global headquarters. The company is also expanding facilities and adding jobs in Virginia. The company has signed a long-term lease with TF Cornerstone to occupy the entire space of 230 Park Ave South. According to,...

Television TV Channels Viewership
NBCUniversal accuses BeoutQ of illegal streaming of FIFA World Cup in MENA

MUMBAI: NBCUniversal, an American multi-national media conglomerate owned by Comcast, has accused a pirated streaming service called BeoutQ in the Middle East and North Africa (MENA) for illegally broadcasting the FIFA 2018 World Cup matches. NBC's Telemundo unit, which holds the Spanish-language...

Television TV Channels Sports
How Sony is bringing the FIFA World Cup 2018

MUMBAI: Sports broadcasting is no ordinary business. Just ask Star India and Sony Network Pictures (SPN) India – who often slug it out against each other for the rights of premium sporting properties. The two high rollers of Indian sports broadcasting play by one simple rule: high risks, high...

Television TV Channels Sports
Disney makes $70.3 billion counterbid for Twenty-First Century Fox

21st Century Fox has announced that it has entered into an amended and restated merger agreement with The Walt Disney Company pursuant to which Disney has agreed to acquire for a price of $38 per 21CF share the same businesses. Disney agreed to acquire under the previously announced merger...

Television Production House Post Production


Television TV Channels Sports
&pictures to air the World Television Premiere of the critically acclaimed Mukkabaaz on Saturday, 23rd June at 8pm

In a love story of a sportsman set in Bareilly, Vineet Kuma Singh plays a Kshatriya boxer who falls in love with a deaf-mute Brahmin woman. Co-produced and directed by National Film Award winner Anurag Kashyap, Mukkabaaz was screened at the 2017 Toronto International Film Festival and the 2017...

Television TV Channels GECs
Disney appoints new creative officers for animation division

Jennifer Lee and Pete Docter have been named as new chief creative officers (CCOs) for Disney’s animation division. While Docter will handle the Pixar Animation Studios, Lee will head the Walt Disney Animation Studios.

Television Production House Post Production
Epic TV appoints Rajiee Shinde as president

Infotainment channel EPIC TV has announced the appointment of Rajiee M Shinde as president. In her new role at EPIC, she has been entrusted with the responsibility of expanding the business and building the EPIC network.

Television TV Channels Factual & Documentary

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories