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Disney Vault
The "Disney Vault" was a term formerly used by The Walt Disney Company for its policy of regularly imposing sales moratoria on home video releases of specific animated feature films. Each Walt Disney Animation Studios film was available for purchase for a limited time, and then returned "to the vault", unavailable for retail sales, pending some future re-release. Following the acquisition of 21st Century Fox by Disney and the launch of the streaming service Disney+ in 2019, the notion of the Disney Vault has been used by journalists to describe practices by Walt Disney Studios restricting many more back-catalogue theatrical films from cinema screenings. History This is the modern version of Disney's practice of re-releasing its animated feature films in theaters every several years, which began with the reissue of '' Snow White and the Seven Dwarfs'' in 1944. During the 1980s, when the home video market was dominated by VHS systems, Disney films would be reissued every ten y ...
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The Walt Disney Company
The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was founded on October 16, 1923, as an animation studio, by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio; it later operated under the names Walt Disney Studio and Walt Disney Productions before adopting its current name in 1986. In 1928, Disney established itself as a leader in the animation industry with the short film ''Steamboat Willie.'' The film used synchronized sound to become the first post-produced sound cartoon, and popularized Mickey Mouse, who became Disney's mascot and corporate icon. After becoming a success by the early 1940s, Disney diversified into live-action films, television, and theme parks in the 1950s. However, following Walt Disney's death in 1966, the company's profits, especially in the animation sector, ...
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American Broadcasting Company
The American Broadcasting Company (ABC) is an American Commercial broadcasting, commercial broadcast Television broadcaster, television and radio Radio network, network that serves as the flagship property of the Disney Entertainment division of the Walt Disney Company. ABC is headquartered on Riverside Drive in Burbank, California, directly across the street from Walt Disney Studios (Burbank), Walt Disney Studios and adjacent to the Team Disney – Roy E. Disney Animation Building. The network maintains secondary offices at 77 66th Street (Manhattan), West 66th Street on the Upper West Side of Manhattan, New York City, which houses its broadcast center and the headquarters of its news division, ABC News (United States), ABC News. Since 2007, when ABC Radio (also known as Cumulus Media Networks) was sold to Citadel Broadcasting, ABC has reduced its broadcasting operations almost exclusively to television. The youngest of the "Big Three (American television), Big Three" American ...
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Write-down
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income. Income tax In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by $25. Thus the net cost of the telephone is $75 instead of $100. In order for American business owners to write off business expenses, the Internal Revenue Service states that purchases must be both ordinary and necessary. This means that deductible items must be usual and required for the business owner's field of work. For example, a telemarketer may deduc ...
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Impairment Charge
In accounting, an impaired asset is an asset which has a market value less than the value listed on its owner's balance sheet. According to U.S. accounting rules (known as US GAAP), the value of an asset is impaired when the sum of estimated future cash flows from that asset is less than its book value. At this point an impairment loss should be recognized, which is done by taking the difference between the fair market value (FMV) and the book value and recording this amount as the loss. This basically records the asset as if it were being acquired brand new at its FMV, recording this as its new book value.Albrecht, S., Stice, E., Stice, J., & Swain, M. (2011). ''Accounting: Concepts and applications'' (11th ed.). Mason: South-Western, p. 396–397 This is a common occurrence for goodwill where a company will purchase a target company for more than the value of its net assets. Under US GAAP, goodwill is tested annually for impairment. See also *Lower of cost or market In accoun ...
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Hulu
Hulu (, ) is an American Subscription business model, subscription streaming media service owned by Disney Streaming, a subsidiary of the Disney Entertainment segment of the Walt Disney Company. It was launched on October 29, 2007, initially as a joint venture between News Corporation (later 21st Century Fox) and NBCUniversal, NBC Universal, which was later Acquisition of NBC Universal by Comcast, bought by Comcast. Many companies like AT&T's WarnerMedia, Providence Equity, and the Walt Disney Company bought stakes in the service. Hulu served as an aggregation of recent episodes of television series from the respective Television broadcaster, television broadcasting by its owners. In 2010, Hulu launched a subscription service, initially branded as "Hulu Plus," which featured full seasons of programs from the companies and other partners, and un-delayed access to new episodes. In 2017, the company launched Hulu with Live TV—an Over-the-top media service, over-the-top streaming t ...
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The Hollywood Reporter
''The Hollywood Reporter'' (''THR'') is an American digital and print magazine which focuses on the Cinema of the United States, Hollywood film industry, film, television, and entertainment industries. It was founded in 1930 as a daily trade paper, and in 2010 switched to a weekly Wide-format printer, large-format print magazine with a revamped website. As of 2020, the day-to-day operations of the company are handled by Penske Media Corporation through a joint venture with Eldridge Industries. The magazine also sponsors and hosts major industry events. History Foundation and early years ''The Hollywood Reporter'' was founded in 1930 by William R. Wilkerson, William R. "Billy" Wilkerson (1890–1962) as Hollywood's first daily entertainment trade newspaper. The first edition appeared on September 3, 1930, and featured Wilkerson's front-page "Tradeviews" column, which became influential. The newspaper appeared Monday-to-Saturday for the first 10 years, except for a brief period, t ...
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Racism Against African Americans
In the context of racism in the United States, racism against African Americans dates back to the Colonial history of the United States, colonial era, and it continues to be a persistent issue in Society of the United States, American society in the 21st century. From the arrival of the first Africans in early colonial times until after the American Civil War, most African Americans were Slavery in the United States, enslaved. Even free African Americans have faced restrictions on their political, social, and economic freedoms, being subjected to lynchings, Racial segregation in the United States, segregation, Black Codes (United States), Black Codes, Jim Crow laws, and other forms of discrimination, both before and after the Civil War. Thanks to the civil rights movement, formal racial discrimination was gradually outlawed by the Federal government of the United States, federal government and came to be perceived as socially and morally unacceptable by large elements of Americ ...
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Joel Chandler Harris
Joel Chandler Harris (December 9, 1848 – July 3, 1908) was an American journalist and folklorist best known for his collection of Uncle Remus stories. Born in Eatonton, Georgia, where he served as an apprentice on a plantation during his teenage years, Harris spent most of his adult life in Atlanta working as an associate editor at ''The Atlanta Journal-Constitution, The Atlanta Constitution''. Harris led two professional lives: as the editor and journalist known as Joe Harris, he supported a vision of the New South with the editor Henry W. Grady (1880–1889), which stressed regional and racial reconciliation after the Reconstruction era; as Joel Chandler Harris, fiction writer and folklorist, he wrote many 'Brer Rabbit' stories from the African-American oral tradition. Life Education: 1848–1862 Joel Chandler Harris was born in Eatonton, Georgia, in 1848 to Mary Ann Harris, an Irish immigrant. His father, whose identity remains unknown, abandoned Mary Ann shortly afte ...
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Uncle Remus
Uncle Remus is the fictional title character and narrator of a collection of African American folktales compiled and adapted by Joel Chandler Harris and published in book form in 1881. Harris was a journalist in post–Reconstruction era Atlanta, and he produced seven Uncle Remus books. He did so by introducing tales that he had heard and framing them in the plantation context. He wrote his stories in a dialect which was his interpretation of the Deep South African-American language of the time. For these framing and stylistic choices, Harris's collection has garnered controversy since its publication. Structure ''Uncle Remus'' is a collection of animal stories, songs, and oral folklore collected from Southern black Americans. Many of the stories are didactic, much like those of Aesop's Fables and Jean de La Fontaine's stories. Uncle Remus is a kindly old freedman who serves as a story-telling device, passing on the folktales to children gathered around him, like the tradit ...
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Song Of The South
''Song of the South'' is a 1946 American Live-action animated film, live-action/animated musical film, musical comedy-drama film directed by Harve Foster and Wilfred Jackson, produced by Walt Disney, and released by RKO Pictures, RKO Radio Pictures. It is based on the Uncle Remus stories as adapted by Joel Chandler Harris, stars James Baskett in his final film role, and features the voices of Johnny Lee (actor), Johnny Lee, Baskett, and Nick Stewart. The film takes place in the U.S. state of Georgia (U.S. state), Georgia during the Reconstruction era, a period of American history after the end of the American Civil War and the abolition of Slavery in the United States, slavery. The story follows seven-year-old Johnny (Bobby Driscoll) who is visiting his grandmother's (Lucile Watson) Plantations in the American South, plantation for an extended stay. Johnny befriends Uncle Remus (Baskett), an elderly worker on the plantation, and takes joy in hearing his tales about the adventur ...
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The Rocky Horror Picture Show
''The Rocky Horror Picture Show'' is a 1975 independent musical comedy horror film produced by Lou Adler and Michael White, directed by Jim Sharman, and distributed by 20th Century Fox. The screenplay was written by Sharman and Richard O'Brien, who also played the supporting role Riff Raff. The film is based on the 1973 musical stage production ''The Rocky Horror Show'', with music, book, and lyrics by O'Brien. The production is a tribute to the science fiction and horror B movies of the 1930s through to the early 1960s. The film stars Tim Curry in his debut, Susan Sarandon, and Barry Bostwick. The film is narrated by Charles Gray, with cast members from the original Royal Court Theatre, Roxy Theatre, and Belasco Theatre productions, including Nell Campbell and Patricia Quinn. The story centres on a young engaged couple whose car breaks down in the rain near a castle, where they search for help. The castle is occupied by strangers in elaborate costumes holding a ...
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Acquisition Of 21st Century Fox By Disney
The acquisition of Twenty-First Century Fox, Inc. by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets (including the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network), which were excluded from the deal, were spun off into a new company called Fox Corporation on March 19, 2019 (a day before the acquisition was completed). Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively. Background 21st Century Fox was formed on June 28, 2013 by splitting of entertainment and media ...
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