DISNEY FILM RELEASES CUT FROM 18 TO 8 WORK FORCE MAY SHRINK BY 10 PERCENT.Byline: Staff and Wire Services BURBANK -- The Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. will cut the number of films it releases each year from 18 to eight as part of a larger reduction, trade papers reported Wednesday. The slate reduction comes as the Burbank-based entertainment giant plans job cuts that, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. sources who spoke last May, could amount to as much as 10 percent of the company's work force. Daily Variety said all the movies released will be Disney-branded, suggesting diminished roles for its Touchstone touchstone Black, silica-containing stone used in assaying to determine the purity of gold and silver. The metal to be assayed is rubbed on the touchstone, and then a sample of metal of known purity is rubbed on the stone right next to it. label. The Hollywood trade paper said a Disney announcement was expected within 10 days. Burbank-based Disney, basking in the glow of a record $135.6 million debut weekend box office for ``Pirates of the Caribbean This article is about the franchise. For other, more specific uses, see Pirates of the Caribbean (disambiguation). For real pirates, see Piracy in the Caribbean. Pirates of the Caribbean : Dead Man's Chest,'' wouldn't discuss the report. ``We are constantly evaluating our business to make it better and more efficient,'' Disney spokeswoman Heidi Trotta said in a prepared statement. Disney's move reflects a trend in Hollywood to cut costs amid increasing overhead, production budgets and marketing bills. Disney has said for some time it was going to cut its total number of films and concentrate on Disney-branded offerings, which make more money than those released by the studio's Touchstone label. The studio has already greatly reduced the number of films released under its Miramax banner. During Disney's past four quarterly media conference calls, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert Iger Robert A. "Bob" Iger (born February 10 1951) is head of the Walt Disney Company. He has been president since January 2000 and CEO since October 2005. Early Life Iger was born in Oceanside, New York. has said cutbacks were coming but didn't discuss details. ``It becomes a much better investment for us when we make a Disney- branded film,'' Iger said last September. ``We're not going to go out of the non-Disney-branded live-action business, but there has been a dramatic shift.'' Wall Street sees the move as necessary if the entertainment giant wants to see double-digit growth, said analyst David Miller David Miller could refer to any of the following:
``Most of the street was onto the fact that Disney-branded film returns were greater,'' he said. Besides its success with ``Pirates This is a list of known pirates, buccaneers, corsairs, privateers, and others involved in piracy. This list includes both captains and prominent crew members. See also: pirates, wokou, buccaneers, corsairs, and privateers Ancient World But the studio has also endured disappointments, including ``Stick It,'' ``Annapolis'' and ``The Wild.'' Disney's annual motion-picture capital allocation is believed to be $450 million, Miller said. Spreading that amount over eight films instead of 18 could be better in a variety of ways, including cutting marketing and production costs, he said. |
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