Using broadband technology, Disney Co. in ‘near future’ will begi...
Using broadband technology, Disney Co. in “near future” will begin delivering movies direct to home via its Movies.com Web site, Chmn. Michael Eisner told shareholders Tues. at annual meeting in Ft. Worth. Using same technology, Disney Pres. Robert Iger…
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said company later this year would start My SportsCenter -- “a sports enthusiast’s dream.” He said Disney Internet Group also was developing service using wireless technology as “more and more people are assessing the Web from portable devices.” One of Internet Group’s “most dramatic innovations” is Enhanced TV in convergence of TV set and computer, he said. System already has been used by ABC TV Network for several telecasts. “The Internet is evolving from a purely information medium to an entertainment medium,” Iger said -- with ESPN in forefront of that change where major growth opportunities are centered in Asia, Europe, Latin America. Despite closing of Disney’s Go.com Web site earlier this year, Eisner said Disney Internet Group registered 17 million users monthly: “Our Internet businesses are healthy, growing and… they are approaching profitability.” He said usage of ESPN Internet properties had grown “an incredible 225%” in last year, with ABC Entertainment brands up 155%. CFO Thomas Staggs told shareholders Disney interactive revenues increased 30% in first quarter this year -- even though Internet Group lost $253 million in same period (CD Feb 7 p9).