C-Cube Message Board - Msg: 10980121

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Technology Stocks : C-Cube

CUBE 36.28

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Nov 24 3:59 PM EST

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To: Black-Scholes who wrote (43876)	8/17/1999 9:47:00 AM
From: BillyG	Read Replies (1) of 50808

Disney to revive video unit [This is BIG BIG news for CUBE!!!!] Entertainment giant said to plan DVDs in video release strategy change August 17, 1999: 7:08 a.m. ET NEW YORK (CNNfn) - Walt Disney Co. will begin releasing its animated films on digital video disk (DVD) as part of an effort to turn its struggling home video unit back into a cash cow, the Wall Street Journal reported Tuesday. The paper said Disney has held back on putting its animated movies on the two-year-old format because it is still relatively new and many of the early users have been adults. According to industry estimates, there are currently 2.4 million DVD players in homes, and that number is expected to rise to 4 million by the end of the year. The company is also considering making most of its animated movies that have gone to video available all the time. That would replace Disney's current strategy of rotating videos, keeping a title out of the market for seven to 10 years to build demand for future re-releases, the paper said. The move to DVD and the new video-release strategy come as Disney is reviewing all its operations in an attempt to reverse the decline in its earnings and refocus on its core operations. Analysts said Monday that Disney will try to sell its non-core assets in an effort to streamline operations and boost return on capital. Those assets include its professional sports teams -- baseball's Anaheim Angels and hockey's Mighty Ducks of Anaheim -- and its Fairchild Publications unit, which is the publisher of Women's Wear Daily and several trade magazines. Shares of Disney (DIS) closed up ¾ at 27-15/16 on Monday. -- from staff and wire reports Copyright © 1999 CNN America, Inc.

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