No More Disney Store...

STASHONE · Post by **STASHONE** » Wed Jul 23, 2003 4:53 pm

Taken from ToonZone.Net...

The Walt Disney Company will sell its chain of Disney Stores, a source told Reuters on Wednesday: http://story.news.yahoo.com/news?tmpl=s ... _disney_dc

The company has hired investment banks Bear Stearns and Goldman Sachs to find a buyer for the money-losing division. Disney hopes to sell the stores to a division in a deal that would allow Disney to collect royalties on merchandise.

The move comes as no surprise, as sources had earlier indicated that Disney was looking to shed the division: http://forums.toonzone.net/showthread.php?t=75894

Prince Adam · Post by **Prince Adam** » Wed Jul 23, 2003 4:57 pm

Well we've all seen it coming...

MickeyMouseboy · Post by **MickeyMouseboy** » Wed Jul 23, 2003 5:39 pm

STASHONE wrote:Taken from ToonZone.Net...

The Walt Disney Company will sell its chain of Disney Stores, a source told Reuters on Wednesday: http://story.news.yahoo.com/news?tmpl=s ... _disney_dc

The company has hired investment banks Bear Stearns and Goldman Sachs to find a buyer for the money-losing division. Disney hopes to sell the stores to a division in a deal that would allow Disney to collect royalties on merchandise.

The move comes as no surprise, as sources had earlier indicated that Disney was looking to shed the division: http://forums.toonzone.net/showthread.php?t=75894

that's old news

STASHONE · Post by **STASHONE** » Wed Jul 23, 2003 5:43 pm

It was published this morning actually...

Loomis · Post by **Loomis** » Wed Jul 23, 2003 5:52 pm

We only ever had one Disney Store in the Sydney City from memory.

It didn't stock DVDs until about 4 months before its closure, and then it closed. The DVDs it did stock were minimal. You'd think the one shop that would have the most complete range of Disney DVDs would be the Disney store wouldn't you?

Anyways, it has been long closed now. It never did well here either...

indianajdp · Post by **indianajdp** » Wed Jul 23, 2003 5:53 pm

So ... does this mean we'll see The Disney Store as is, just with different ownership (and Disney Co. collecting royalties annually) or are they talking about closing all B&Ms completely and selling only via online ventures?

...and yes I am too lazy to read all those attached articles

MickeyMouseboy · Post by **MickeyMouseboy** » Wed Jul 23, 2003 5:54 pm

STASHONE wrote:It was published this morning actually...

so? it was posted here a long time ago

STASHONE · Post by **STASHONE** » Wed Jul 23, 2003 6:05 pm

indianajdp wrote:So ... does this mean we'll see The Disney Store as is, just with different ownership (and Disney Co. collecting royalties annually) or are they talking about closing all B&Ms completely and selling only via online ventures?

...and yes I am too lazy to read all those attached articles

Okay thanks for making me go back and re-read the article because it seems that this might NOT be the end of the Disney chain stores... From what Im now taking, it seems Dinsey has hired investment banks to find buyers for their corporation in order to sell off all their merchandise for... the key word being Royalties... which would lead me to assume that these divisions would still operate under a new ownership contract.

It is possible however, that Disney is just looking to unload their products for some profit and than seperate themselves and sell their establishments under one contract to another company... Im still not 100% sure but after re-reading that article, I'd lean towards the first assumption..

indianajdp · Post by **indianajdp** » Wed Jul 23, 2003 6:14 pm

Well see that is a huge difference.

For me as an ordinary uniformed consumer as long as business-as-usual is the staus quo then that's fine. I'd imagine the pre-orders might disappear, or at least the giveaways with them might. But as long as the behind-the-scenes stuff isn't apparent to us at the store level then I say go for it.

If it frees up Disney Co. to putting more time, effort, love and money into their Studios I'm even more in favor of it.

poco · Post by **poco** » Wed Jul 23, 2003 7:51 pm

wait a sec...they posted in the mall in St. Louis that they are putting in a Disney Store. I don't think the mall would lie. =)

2099net · Post by **2099net** » Thu Jul 24, 2003 1:38 am

the key word being Royalties

Er. Won't Disney get royalties from every peice of Disney merchandise sold, no matter where or how. And now they expect additional royalties from licencing out the name of Disney for the Disney stores, which most Disney fans believe had degraded to being irrelevent over the past few years. So they expect royalties for negative branding?

Good luck Disney. You're in deep denial. This whole mess is Disney's management's fault and now they still expect to make some money from it?

rogue588 · Post by **rogue588** » Thu Jul 24, 2003 2:48 am

indianajdp wrote:Well see that is a huge difference.

For me as an ordinary uniformed consumer as long as business-as-usual is the staus quo then that's fine. I'd imagine the pre-orders might disappear, or at least the giveaways with them might. But as long as the behind-the-scenes stuff isn't apparent to us at the store level then I say go for it.

If it frees up Disney Co. to putting more time, effort, love and money into their Studios I'm even more in favor of it.

2099net wrote:Er. Won't Disney get royalties from every peice of Disney merchandise sold, no matter where or how. And now they expect additional royalties from licencing out the name of Disney for the Disney stores, which most Disney fans believe had degraded to being irrelevent over the past few years. So they expect royalties for negative branding?

Good luck Disney. You're in deep denial. This whole mess is Disney's management's fault and now they still expect to make some money from it?

Would this be a good time to begin the Eisner bashing..?

rogue588 · Post by **rogue588** » Thu Jul 24, 2003 2:51 am

This reminds me...when I was on the phone with the Disney rep talking about "the Absent Minded Professor", I asked her if they were planning on synching up the DisneyStore.com with the B&Ms like Circuit City & Best Buy do [where you can order online and pick up in the store]. She said no since Disney doesn't own the Disney Stores anymore. She said it sounds weird, but it's true. But, she said that Disney still owns DisneyStore.com...

2099net · Post by **2099net** » Thu Jul 24, 2003 3:10 am

Would this be a good time to begin the Eisner bashing..?

Don't get me wrong, I'm no big fan of Eisner. But not everything is his own personal fault. They just seem to have a problem with most of their senior management.

(I know, "the buck stops here" and all that, but realistically he cannot be blamed for every single misfortune that befalls Disney.)

rogue588 · Post by **rogue588** » Thu Jul 24, 2003 10:07 am

2099net wrote:...but realistically he cannot be blamed for every single misfortune that befalls Disney.

This is the INTERNET man! Yes he can!

MickeyMouseboy · Post by **MickeyMouseboy** » Fri Jul 25, 2003 12:18 am

rogue588 wrote:This reminds me...when I was on the phone with the Disney rep talking about "the Absent Minded Professor", I asked her if they were planning on synching up the DisneyStore.com with the B&Ms like Circuit City & Best Buy do [where you can order online and pick up in the store]. She said no since Disney doesn't own the Disney Stores anymore. She said it sounds weird, but it's true. But, she said that Disney still owns DisneyStore.com...

as long as disneystore.com stays part of Walt Disney Com. that's all the matters that's where i'll be getting my preorders if lithos are still offered!

crazyfordvds · Post by **crazyfordvds** » Fri Jul 25, 2003 12:53 am

Although I never really bought any of the Disney Store's overpriced merchandise, I do alot of my pre-ordering through the store.

It's usually reliable in carrying the Walt Disney Treasure titles. Looks like I may have to resort to ordering online like most everyone else.

rogue588 · Post by **rogue588** » Fri Jul 25, 2003 1:35 am

Man...DisneyStore.com's shipping prices suck hard. The majority of the time, the only occasions i'd enter a B&M would be to do a preorder with the lithos. It would really hurt to get hit with those HIGHLY outrageous shipping rates just to preorder a DVD I could find cheaper at practically ANY other store [Online OR B&M] just for the lithos.

sigh.

:: missing the 'ol "any Disney DVD is $10 days..er, day".

::

indianajdp · Post by **indianajdp** » Fri Jul 25, 2003 7:15 am

rogue588 wrote:Man...DisneyStore.com's shipping prices suck hard. The majority of the time, the only occasions i'd enter a B&M would be to do a preorder with the lithos. It would really hurt to get hit with those HIGHLY outrageous shipping rates just to preorder a DVD I could find cheaper at practically ANY other store [Online OR B&M] just for the lithos.

sigh.

:: missing the 'ol "any Disney DVD is $10 days..er, day". ::

I know. I considered pre-ordering TLK via teh website until I saw that it was gionna be nearlt $10 in additional shipping and taxes. Ummm...no thanks.

As for the $10 days...ahh yes. My only regret is that I didn't pick up those Gold Collection titles I have yet to see out of all the Animated Classics.

alienkattuk · Post by **alienkattuk** » Mon Jul 18, 2005 12:27 am

That's sad!

I loved The Disney Store AND Warner Brothers Store too.

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