just read that the sale of the Muppets is official. there is a press release on it announcing who will be in charge of them and everything. If someone wants to post that here, I don't have time right now, I just wanted to post something on the matter. I'm sure I'll be back later with my 2 cents on the issue...
Here's what was on Variety:
Muppets, Bear move into Mouse's house 04/28/2004
Tue Apr 27, 8:00 PM ET
Meredith Amdur, STAFF
Walt Disney Co. on Wednesday completed its acquisition of key Jim Henson (news) Co. properties the Muppets and Bear in the Big Blue House, which will operate as part of the Mouse House's Consumer Products division.
Chris Curtin, Disney synergy chief and CEO Michael Eisner's special assistant, has been named VP and general manager of the Muppets and Bear business and will have day-to-day oversight of operations of the unit.
Price was not disclosed for the acquisition, though sources had indicated total investment was well south of $100 million.
Disney has grand plans for the two marquee properties and said it is considering plans for future live-action theatrical releases, stage productions and computer-generated 3-D animation projects plus attractions and parades at Disney's theme parks.
Company highlighted it has already been integrating the characters into the Disney family, noting Kermit and Miss Piggy made their Disney debut in ABC's "The Nick and Jessica Variety Show."
Disney earlier this year agreed to acquire all Muppets assets and character rights, the Muppet film-TV library, worldwide distribution and licensing rights and all associated copyrights and trademarks.
Deal also covers the Bear in the Big Blue House characters, TV library, copyrights and trademarks.
Henson and Disney also have non-exclusive production and consulting agreements whereby Henson would develop new programming featuring the Muppets and Big Blue House characters for Disney.
and yet another article
The Walt Disney Company Completes Acquisition of the 'Muppets' and 'Bear in the Big Blue House'
Entertainment Support for the Characters Ramps Up;
Chris Curtin Named Vice President & General Manager
BURBANK, Calif., April 28 /PRNewswire/ -- The Walt Disney Company
(NYSE: DIS) has completed its previously announced acquisition of the
"Muppets" and "Bear in the Big Blue House" properties from The Jim Henson
Company, it was announced today by Michael Eisner, chief executive officer of
Disney has already begun integrating these characters into the company.
Kermit and Miss Piggy appeared on the widely-watched inaugural episode of The
Nick and Jessica Variety Show on ABC. Other initiatives actively under
consideration include live action releases, theatrical productions,
computer-generated three-dimensional animation projects and attractions and
parades at Disney's theme parks.
Chris Curtin, former synergy head for the company and special assistant to
Michael Eisner, has been named Vice President and General Manager of the
Muppets and Bear in the Big Blue House business and will oversee the
day-to-day operations of the unit that will operate as part of Disney Consumer
"We are passionate about these properties and are honored to be able to
carry on the creative legacy started by Jim Henson," said Eisner. "Chris has
done an outstanding job of galvanizing the entire company behind Disney's
wonderful assets, whether it was a new movie, television season, theme park
attraction or an anniversary. I am confident that Chris is the right person
to extend these favorite characters to new generations and are resolved to put
the full creative and marketing power of The Walt Disney Company behind the
Under the terms of the deal, Disney acquired all Muppets assets, including
rights to the Kermit, Miss Piggy, Fozzie Bear, Gonzo and Animal characters,
the Muppet film and television library, worldwide distribution and licensing
rights and all associated copyrights and trademarks, as well as the "Bear in
the Big Blue House" characters, television library, copyrights and trademarks.
The deal also includes non-exclusive production and consulting agreements
under which The Jim Henson Company is expected to develop potential new
programming featuring the "Muppets" and "Bear in the Big Blue House" for
Disney. The transaction does not include the "Sesame Street" characters, such
as Big Bird and Elmo, which are owned by Sesame Workshop.
"We are thrilled by the enthusiastic welcome the Muppets have already
received from the many divisions of The Walt Disney Company since the deal was
announced just over a month ago," said Lisa Henson, co-chair and co-CEO of The
Jim Henson Company. "Michael Eisner's passion for continuing my father's
legacy has been demonstrated by the high quality projects being discussed."
About Disney Consumer Products
Disney Consumer Products (DCP) is the division of The Walt Disney Company
that extends the Disney brand to merchandise ranging from apparel, toys, home
dicor and books to interactive games, food and beverages, electronics and fine
art. This is accomplished through the work of the division's various lines of
business: Disney Toys, Disney Softlines, Disney Hardlines, Disney Publishing,
Buena Vista Games and Baby Einstein. The Disney Store also falls under DCP
and carries mostly exclusive, non-licensed merchandise.
Certain statements in this release constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are made on the basis of management's views and assumptions
regarding future events and business performance as of the time the statements
are made and management does not undertake any obligation to update these
statements. Actual results may differ materially from those expressed or
implied. Such differences may result from actions taken by the Company,
including restructuring or strategic initiatives, as well as from developments
beyond the Company's control, including changes in domestic and global
economic conditions. Additional factors are set forth in the Company's Annual
Report on Form 10-K for the year ended September 30, 2003 under the heading
"Factors that may affect forward-looking statements."
Maybe that's what they're doing with the 20K Leagues lagoon...
Taking all the Muppets and burying them there.
ouch! bad Lou! but still kinda funny.
notice that they are being controlled by the "consumer products division." which pretty much means that no matter what Disney says they want to do with them, the reality is that they will mostly be focusing on whoring them out in the video and merchandising arena.
but hey, Eisner got what he wanted out of them. he was able to make the big announcement that he had successfully come to terms to acquire them at a time when all other news of his company was negative.