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Technology Stocks : Walt Disney
DIS 111.55+0.1%3:59 PM EST
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To: freeus who wrote (698)6/30/1998 12:54:00 PM
From: MoneyPenny  Read Replies (1) of 2222
 
no argument with me on that freeus. We are coming off a 10yr. limited partnership in Disney movies (Silver Screen Partners IV) which was only so-so in returns (the stock market did better as a whole and disney stock would have been much better) and this group of films included Pretty woman, Little Mermaid, Beauty and the Beast, etc. for 100 movies in all. The marketing costs were incredible but we also shared in the profits through the entire sequence and this fall Disney buys the partnership rights out on the package. We still get residuals on Little Mermaid merchandise and videos.

If Armageddon is THE summer blockbuster, then all the other problems with the Disney stock's perception will go away, at least temporarily. Another problem on the horizon is labor walkout threats resurfacing at ABC. Brass are on call there at all times.
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