August 01, 2009
 

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Saturday August 1, 2009

Disney World tickets jump 2.5% to 5.3%
Rob Marshall To Direct Next 'Pirates Of The Caribbean'?
‘Mousejunkies!’ selling like hotcakes for local Disney addict
'Deadliest Catch' fishermen back again at Epcot
Cypress Creek's Sarah Mackey captures heptathlon at Disney
Disney has animal magnetism for PBS reality show
Don't Dis Disney
ABC holds back for upfront

Disney World tickets jump 2.5% to 5.3%

Bizjournals - A day after Walt Disney Corp. released a quarterly report that blamed discounting for a drop in theme park revenue, Walt Disney World announced an increase in ticket prices.

The theme park, Central Florida’s largest employer, unveiled a pricing menu that will increase admission costs from 2.5 percent to 5.3 percent.

Under the new schedule, which is effective Aug. 2, the cost of a one-day admission for those 10 years and older will rise from $75 to $79. The price for multi-day tickets will all increase. A seven-day pass, for instance, will cost $234, or $33.43 a day, up from $228, or 32.57 a day.

Florida resident tickets will also rise. A three-day ticket will cost $134, or $44.67 a day, rising from $129, or $43 a day. A four-day ticket climbs to $164, or $41 a day, from $160, or $40 a day.

Florida tickets are valid six months from the date of first use. General-admission tickets expire 14 days from first use, unless a no-expiration option is purchased.

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Rob Marshall To Direct Next 'Pirates Of The Caribbean'?

MTV - After sailing without a captain for a few months, it seems the "Pirates of the Caribbean" franchise has found its skipper. According to Variety, Disney is close to selecting Rob Marshall to direct the fourth film after the departure in April of three-time "Pirates" director Gore Verbinski.

Johnny Depp is already set to reprise his role as Captain Jack Sparrow, though the details of the script are not yet known. Variety reports that Disney and producer Jerry Bruckheimer have held several meetings with Marshall in recent weeks as they look to begin shooting before Depp begins work on another Bruckheimer project, "The Lone Ranger." Production on the fourth "Pirates" would commence in 2010.

While a deal with Marshall is not yet in place and Disney has not confirmed the news, Variety reports that a pact is close enough that the studio has begun the casting process for new characters. Keira Knightley, however, has indicated she will not return for the fourth film.

Verbinski has steered the franchise to $2.6 billion in worldwide box office business since the first installment, "Pirates of the Caribbean: The Curse of the Black Pearl," debuted in 2003. But the director announced in April that he would not return for a fourth movie, choosing instead to concentrate on his big-screen adaptation of the video game "Bioshock."

Marshall made a splash with his directorial debut and Best Picture Oscar-winner "Chicago." Since then he has helmed "Memoirs of a Geisha" and recently finished work on "Nine," a musical starring Daniel Day-Lewis, Penélope Cruz, Nicole Kidman and Kate Hudson, which is set for release in November.

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‘Mousejunkies!’ selling like hotcakes for local Disney addict

Georgetown Record
 - Feeding an addiction, former Georgetown resident Bill Burke has to have his fix. This onetime member of the first kindergarten class ever at Perley School returns to Walt Disney World several times a year to immerse himself in its alternate universe.
He’s not alone. His humorous travel book “Mousejunkies!: Tips, Tales, and Tricks for a Disney World Fix” sold out its first printing of 5,000 in three weeks, and is now in its second printing by Travelers Tales/Solas House, Inc. Disney addicts are publicly admitting their secret fixation on returning to the Magic Kingdom as often as they can.
 
Burke says the vacation secret here is the ability to stay onsite in one of the friendly, sparkly clean Disney World resorts, never having to set foot outside its grounds during an entire stay. The lure of leaving one’s troubled world behind for a week or two of shameless escapism in the famed Florida park is spreading Disney addiction like a benevolent virus, along with Burke’s book sales.
 
“The book is available everywhere now, online and in major book chains,” says Burke. “It will be one of several travel books featured this fall in a Borders promotion.”
 
Fresh off a book signing and speech last Saturday at Borders bookstore in The Loop mall in Methuen, and with a TV episode of New Hampshire Chronicle under his belt, Burke has gathered some of his fellow Disney addicts for a friendly breakfast in his old hometown on Sunday.
 
“My third grade teacher Bob Graffum told my parents Bill and Karen, ‘Bill needs to pay more attention in class. He has the sense of humor of Mel Brooks,’” says Burke. “I have a soft spot in my heart for Georgetown for sure.”
 
Georgetown residents J and Deb Cote, and Rowley resident Walter Pomerleau are teasing Burke about how their Mousejunkie photos came out in his book.
 
“I don’t remember you running any of the pictures for the book by us,” says J to Burke.
 
Without question, the three Mousejunkies joining Burke for breakfast are way better looking in person than in their little black and white headshots in the book. Mousejunkie Randy Houle of Salem, N.H., also known as the Disney King because of his 60 trips to Walt Disney World, was not able to attend the breakfast in Georgetown.
 
The Cotes were in Burke’s high school class at Triton Regional, graduating with him in 1985. They are approaching their 25-year Triton reunion.
 
Notorious for speed-walking through Disney on vacation trips, J says one of his favorite Disney memories is nearly killing Burke by setting a furious pace on one of their joint visits to the park.
Pomerleau claims to be the happiest member of the group because he’s a bachelor, and he loves Disney’s Boardwalk Resort.
 
“I’m single. I don’t have kids,” says Pomerleau. “My relatives and I go to Disney together and have as much fun as any kids … When I first arrive at my [Disney] resort for a vacation, I’m met by a cast member who always says, ‘Welcome home.’ And that pretty much sums everything up, because it feels like I’m home.”
 
Deb Cote agrees staying in an onsite Disney resort is the way to go.
 
“You can always be submersed in it,” says Deb. “You get a completely different experience — staying in the park.”
 
“It’s like a stage and he [Walt Disney] wants you to be on it,” says J. “You can walk outside and get on the monorails — and see Mickey signing autographs.”
 
The first time Burke and his fellow Disney addicts went down as a group was in 2003, and in 2005, 13 of them gathered for The Mousejunkie Summit.
 
During Burke’s 11 years with the Boston Herald, six years as online managing editor, he was often assigned to travel to Disney World and write about it for the Herald’s travel section. J went down as his cameraman for the 1996 opening of the new Expedition Everest roller coaster at the Animal Kingdom Park. Disney invited everyone who had ever reached the summit of Mt. Everest to attend the event.
 
During the two days they were there, Burke was star-struck to find one of his idols, Monty Python’s John Cleese was there receiving a Disney grant for animal protection. Also there were at the grant award event were Jane Goodall, Isabella Rosellini, and ’N Sync singer Joey Fatone.
“Mousejunkies!” is an extremely useful guide to Disney full of tips from the Disney addicts who should know. Burke and his fellow Mousejunkies are all Disney Vacation Club members, and say this is a factor in allowing them to return to the park so often.
 
Burke’s book, although packed with great information on successfully negotiating Disney World, is not your mama’s travel guide.
 
“The book is a riot,” says Deb Cote. “You read it like a story. It’s really just a funny book that makes you realize Disney World is a neat place to go.”
 
Burke says he is enjoying all the wonderful people he meets as a result of promoting the book.
 
“Meeting more super nice people at book events is one of the nicest parts of this experience,” says Burke. “One guy at an event told me he’d been to Disney World 100 times. At the Fremont Pizzeria a woman came over and asked me ‘Are you the author of Mousejunkies?’
 
“Almost every day people tell me, ‘It sounds like you wrote this about my life. This is exactly me.’”
 
Burke, 42, and his wife Amy currently live in Sandown, N.H. and have a six-year-old daughter Katie who helps them view Disney through fresh eyes. Bill’s day job is in internal communications for Philips Healthcare in Andover.
 
Learn more about “Mousejunkies” online at www.mousejunkies.com.

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'Deadliest Catch' fishermen back again at Epcot

Theme Park Rangers - Talk about a temperature swing. For Capt. Sig Hansen and crew --stars of the Discovery Channel's hit series "The Deadliest Catch"-- greeting guests at Epcot's Norway pavilion this weekend means thawing out in Florida summer weather that is, oh, about 80 degrees warmer than their average workday environment catching crab on the Bering Sea. Capt. Sig, from one of the show's featured vessels the  "Northwestern," his deck boss Edgar Hansen and crewman Matt Bradley got a warm reception from hundreds of cheering fans Friday afternoon while signing autographs and posing for photos. It was a return visit for the 'Catch' crew; they made a similar appearance at Epcot last summer. If you want to meet-n-greet with Capt. Sig and Co. from the Northwestern, they will be in the (air-conditioned) gift shop in Norway at Epcot again later today, Saturday and Sunday, 1pm to 4pm and 5:30pm to 8pm.

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Cypress Creek's Sarah Mackey captures heptathlon at Disney

Orlando Sentinel - Cypress Creek's Sarah Mackey won the young women's heptathlon Monday at the AAU Track & Field Club Championships at Disney's Wide World of Sports. Mackey was first in three of the five events and totaled 4,273 points.

Her victories were in the 100 hurdles (15.02 seconds), 200 (26.57) and high jump (5 feet, 1 inch).

Two other rising seniors, Ryan Paquin of Bishop Moore and Erin Chance of Dr. Phillips, finished third in the multi-event competitions. Paquin, representing the Central Florida Gliders, totaled 5,837 points in the boys decathlon. Chance, competing for Florida Elite, totaled 3,424 points in the girls heptathlon.

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Disney has animal magnetism for PBS reality show

Theme Park Rangers - This was one oversized version of "here, kitty, kitty."

We watched safely from a bridge as two of Disney's Animal Kingdom tigers sniffed around new elements in their on-stage habitat. Would they go for the pepperminty barrel, the pumpkin-scented log or the perfumed bamboo?

On the line were valued points FETCH!, the kids reality game show that taped segments this week at Disney. The show, which airs on PBS stations, is science-based and features six youthful contestants who receive assignments and challenges from an animated dog called Ruff Ruffman.

"He's kind of a know-it-all who knows nothing," says Paul Serafini, series producer. "Frequently the challenges that the kids do are based on some conundrum that Ruff has gotten himself into."

Ruff sends the kids on challenges such as wind surfing and developing new ice cream flavors (based on three vegetables), Serafini says. The show is produced by WGBH Boston and is partially funded by the National Science Foundation.

Shreya and Marco, the two contestants in tow, had encounters with sea turtles, crocodiles, tigers, Saimang apes and more while with Disney. They were selected from 2,000 applicants to be on the show, which tapes during the summer months.

"Basically we went through rounds and rounds of callbacks," Marco, 14, says. "They were brutal!" He they were asked "really random" questions like "If you were a cookie, what kind of cookie would you be?"

"We had to be creative and come up with a story," says Shreya, who turns 13 soon. The audition process was fun, she says, and they made new friends there.

The experience at Disney gave the contestants access to the company's animal keepers, surgeons and veterinarians. At one point, they witnesses an annual exam of a small — but completely sedated — ape. Shreya and Marco were allowed to brush the teeth of Penny, a 30-year-old Saimang who lives at Animal Kingdom, as park guests looked on through the windows at Conservation Station.

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Don't Dis Disney

Barron's - WALT DISNEY CO. (ticker: DIS) shares have rallied impressively in the past two weeks, so it's not surprising that a less-than-inspiring third quarter earnings report would send shares lower. We think, however, that shares are a buy at current levels.

Disney reported third quarter earnings on Thursday, after the market closed, of 52 cents per share, beating estimates by a penny per share. Revenue, however, missed expectations by about 3% and undershot the company's own forecasts, helping send shares 4% lower to $25.17 in early afternoon trading.

The difficult economy and poor advertising market have certainly taken a toll on the entertainment company. Disney has had to offer promotions to entice people into its theme parks and ad buyers have delayed buying time on the company's networks, leading to more uncertainty. So far in the company's fiscal fourth quarter, ending in September, bookings at the theme parks are down 7% year over year.

But Disney appears to be managing the downturn better than skeptics thought.

Operating margins, for instance, surprised some analysts. Despite the aggressive promotions, Disney posted 21.5% margins, just below Street consensus but "well ahead" of the estimates by bearish Citi analysts, who continued to rate the company at Sell even though they raised their target price to $25.

The 21.5% margin is a marked improvement over the 18.9% and 15% figures the company reported in the previous two quarters. It's encouraging that the company can cut costs effectively even as revenue slips.

And revenue numbers were arguably better than what was reported. Cable programming weakness appears to be caused partially by an accounting technicality about when ESPN can recognize revenue. Buoyed by affiliate fee revenue, cable network revenues grew 3.4% year over year after taking out the technicality, Barclays Capital analyst Anthony DiClemente wrote.

There was other good news. On the earnings call, management also said it expected to buy back stock "in the relatively near future" after it had suspended buybacks last year. Management is not expecting the economy to roar back, but did express optimism.

"We do see signs of economic stabilization but the pace and strength of recovery remain uncertain and we are managing accordingly." said Chief Executive Officer Robert Iger on the earnings call.

While revenues continued to slip year over year – they fell 6.9% this quarter – the decline is not as precipitous as it has been in the past two quarters, giving hope that the company has begun to stabilize itself.

Disney shares have risen about 3% since Barron's wrote about the company and some of its competitors on July 20. It now trades at a very reasonable 14.6 times estimated earnings for the next four quarters, slightly above a 13.6 P/E for its peers in the entertainment sector.

Whether it continues its rise will depend heavily on whether the economy improves, and whether it can produce some hits for the big and small screen.

We aren't willing to compare Disney shares to its movie about commando guinea pigs, "G-Force." That's a bit strong. We'd prefer a quieter movie about an old man who, through fits and starts, elevates into the air: "UP."

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ABC holds back for upfront

Hollywood Reporter - ABC on Thursday announced it will hold back more of its upfront inventory for scatter than usual, echoing a theme that was raised by rival NBC earlier this month.

In a series of remarks delivered during the front end of Walt Disney Co.'s fiscal-year third-quarter earnings call, chief financial officer and senior executive vp Tom Staggs said that while ABC is "still in the midst of the upfront process ... we anticipate selling less of our inventory in this year's upfront than in recent years."

Staggs, who noted that Disney is "comfortable with the rates that ABC has been achieving," did not offer a sense of where the network's CPMs were falling versus last year's bazaar. Sources said the network is writing deals at low-single-digit negatives.

Disney also declined to quantify how much inventory it would hold back. Barclays Capital analyst Anthony DiClemente estimates that ABC sold 83% of its air time in last year's bazaar, bringing in around $2.46 million for all day parts. This spring, Barclays estimated ABC would sell around 75% of its inventory in the 2009-10 upfront.

"We are comfortable with the rates ABC has been achieving," said Staggs, adding that the net was well positioned for scatter, given its programming slate. He also noted that "some major advertisers remain on the sidelines in this upfront."

On July 17, GE chief financial officer Keith Sherin told investors that NBC would follow a similar tack, saying the network was "planning on retaining more inventory as we go into the 2010 season."

Typically, the networks sell between 75% and 80% of their prime time inventory during the upfront, but contracting viewership, a wobbly advertising market and the recession have put a squeeze on CPMs. As such, the Big Four are expected to hold back as much as 30% of their inventory this year.

ABC notched better than expected ad revenue results in FY Q3, as the net's sales declined "in the mid-single digits," versus analysts' estimates of a 10% drop-off. Advertising at ABC's owned-and-operated stations declined 26% in the quarter, showing sequential improvement from the prior three-month period, when sales fell 30%.

All told, the broadcaster's overall revenue fell 4% to $1.4 billion. Operating income dropped 34% to $204 million.

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