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POWN STAN LEE'S /DISNEY penny stock / board: http://investorshub.advfn.com/boards/board.aspx?board_id=2914
Disney buys stake in Stan Lee
Published: Jan. 2, 2010 at 3:39 PM
LOS ANGELES, Jan. 2 (UPI) -- The Walt Disney Co. reportedly purchased a 10 percent stake in POW! Entertainment POWN, a production company formed by U.S. comic book
creator Stan Lee.
The Hollywood Reporter said Saturday Disney's $2.5 million stake purchase expands the company's ties to Lee's production group as Disney and POW! signed a first-look arrangement in 2007.
The Reporter said Disney is also acquiring exclusive consulting services and unspecified "enhanced rights" from POW!
Lee, who helped form POW! in 2001, is best known for helping create famous comic book characters such as Spider-Man, Iron Man
, the Fantastic Four, the Hulk, Daredevil and the X-Men.
The Reporter said Disney's plan to merge with Marvel Entertainment was approved by Marvel stockholders Thursday.
The merger, which is subject to conditions with documents
filed with U.S. Securities and Exchange Commission, is estimated to be worth $4.3 billion. http://www.upi.com/Entertainment_News/Movies/2010/01/02/Disney-buys-stake-in-Stan-Lee-venture/UPI-20361262464795/
The Walt Disney Company's objective is to be one of the world's leading producers and providers of entertainment and information, using its portfolio of brands to differentiate its content, services and consumer products. The company's primary financial goals are to maximize earnings and cash flow, and to allocate capital profitability toward growth initiatives that will drive long-term shareholder value. http://en.wikipedia.org/wiki/Disney http://www.disney.go.com/index
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The movies above are either: playing and generating revenue or are movies coming in 09.
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**Latest news, finacials and more*http://finviz.com/quote.ashx?t=DIS&ta=1&p=d