Bloomberg News

Ex-Disney CEO Eisner Signs Distribution Pact With Universal

November 13, 2012

Former Walt Disney Co. Chairman Michael Eisner signed a movie distribution deal with Universal Pictures, a key step toward his return to film production.

The Los Angeles-based studio, a unit of Comcast Corp. (CMCSA:US), will handle distribution and marketing for films fully financed by Tornante Co., the former Disney chief’s company, the parties said today in a statement. Financial terms weren’t announced.

Eisner, 70, is seeking a return to the film business through closely held Tornante, which he established in 2005 after leading Disney for 21 years. His company, along with Madison Dearborn Partners, owns Topps Co., the marketer of sports cards and candy. He also founded Vuguru, a company that produces videos for digital and international outlets.

Comcast, based in Philadelphia, fell 0.2 percent to $36.11 at the close in New York. The shares have gained 52 percent this year.

To contact the reporter on this story: Michael White in Los Angeles at mwhite8@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net


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Companies Mentioned

  • CMCSA
    (Comcast Corp)
    • $57.02 USD
    • -0.06
    • -0.11%
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