Kids
Disney spends over a million dollars on Eisner, Iger security
MUMBAI: Media conglomerate Disney spends quite a packet to make sure that its CEO Michael Eisner and COO Bob Iger are safe.
The company revealed that it has spent $735,000 in its latest fiscal year on security systems, security advice and personal protection services for Eisner.
Disney also spent more than $470,000 in the fiscal ended 30 September 2004 on similar security protection for Iger
Media reports indicate that disclosures about the security measures — which cost Disney a similar amount the prior year — came in the proxy statement Disney issued in advance of its annual meeting. This will take place on 11 February.
Iger, who also didn’t receive any new stock units in 2004, earned $8 million in salary and bonus for the latest fiscal year, and received $3.5 million in payouts for previously awarded long term incentive plan grants. In 2003, Iger received $5.4 million worth of salary and bonus, and $1 million in stock units.
Regarding Eisner’s and Iger’s security systems and services, Disney said that the measures are incurred as a result of business-related concerns, not for the personal benefit of the executives, and thus should not be classified as compensation.
Meanwhile a report in Dow Jones states that Disney has agreed to formalise the separation of the positions of chairman and chief executive. This should pacify shareholders who want a permanent split of the two jobs.
As part of a negotiated settlement, Connecticut Retirement Plans and Trust Funds has withdrawn its shareholder resolution filed in advance of the 2005 annual meeting in light of the company’s pledge to amend its corporate- governance guidelines.
In a separate release, Disney said that the board has amended its corporate- governance guidelines to “embody” the policy after input from shareholders. Disney chairman George Mitchell said, “The board policy, now embodied in the guidelines, embraces principles of good corporate governance that the company is committed to pursuing.”
Kids
Mukta Arts and Green Gold ink MOU to animate iconic film IPs
Kalicharan, Karz, Hero, Karma, Ram Lakhan to spawn animated shows plus features.
MUMBAI: When classic hindi movie meets animation, the result is a fresh reel of nostalgia with a cartoon twist. Mukta Arts Ltd. and Green Gold Animation have signed a Memorandum of Understanding (MOU) to collaborate on animated shows and feature films drawn from Mukta Arts’ four-decade treasure trove of iconic IPs. The partnership taps Mukta’s SGM Animation Studio launched in 2025 as its dedicated animation and games arm and Green Gold’s proven track record in building scalable, homegrown franchises. Creative teams from both sides have already kicked off discussions, with the first project currently in development.
The slate will draw inspiration from landmark Mukta films including Kalicharan, Karz, Hero, Karma, Ram Lakhan, Khalnayak, Saudagar and Iqbal, plus character-led spin-offs from those universes. The aim is to reimagine these stories for today’s young, global audiences while preserving their emotional core.
Green Gold Animation (home of Chhota Bheem) founder and CEO Rajiv Chilaka said, “This partnership with SGM Studios allows us to apply our experience in building long-lasting animation IPs to a truly iconic film catalogue. Together, we aim to create animated worlds that are rooted in these legendary stories, yet designed to connect with today’s young, global audiences.”
Mukta Arts Ltd. filmmaker and founder Subhash Ghai added, “Mukta Arts has always believed in creating stories with lasting emotional value. Through animation, we are extending our IP into a new medium for the next generation.”
In an industry where timeless tales never go out of fashion, this collaboration promises to bring beloved characters back to life with a modern, animated glow proving that some stories are too good to stay in live-action. Stay tuned for the first animated frame to drop.
