Disney remark on TV viewing sends industry into tailspin
A ‘media meltdown’?
by Meg James at Los Angeles Times
Walt Disney Co. warned investors late Tuesday that profit from ESPN and other cable channels would not be as robust as initially thought because fewer consumers are subscribing to full pay-TV packages.
The admission rattled Wall Street. The thinking was that if the world’s largest entertainment company, Disney, and television’s most profitable channel, ESPN, were not immune, then weaker companies and channels were vulnerable too.
In a massive sell-off — one analyst called it “the media meltdown” — over the last two days, Time Warner slid 10%, Disney shares dropped 11%, Fox fell nearly 13% and Viacom plunged 21%.
“One sentence from Disney and nearly $60 billion in market value gets wiped out,” Doug Creutz, media analyst with Cowen & Co., said Thursday. “Can you say panic?”
A Cinderella story for Walt Disney’s childhood home
Walt Disney’s childhood home may open soon
by John P Owens at Chicago Tribune
It is a modest, two-story frame house, sitting on the corner of Tripp Avenue and Palmer Street in Chicago’s working class Hermosa neighborhood. A young itinerant contractor named Elias Disney built it with his own hands in 1891. His wife, Flora gave birth to Walter “Walt” Elias Disney in a second-floor bedroom on Dec. 5, 1901.
Brent Young and Dina Benadon, the current owners of the house, want to slowly open the property to the public, starting with the neighborhood kids where the house is located. “We believe there’s a lot of parallels between Walt and Roy’s story and what kids in Hermosa go through today. This was a humble, working-class home and these are working-class homes today. But this house is a symbol of the American Dream,” Young said.
by The Hyperion Team at Walt Disney Animation Studio
In our movies, we encounter very large and complex settings that would present a challenge to any renderer striving to simulate realistic lighting. Hyperion is our in-house renderer. Specifically, it is a physically based path tracer.
A renderer is the software that takes a complete virtual scene composed of models, animations, textures, lights, and other objects and produces the final images that make up an animated movie. It does this by calculating how light bounces around the scene and interacts with objects.