In Business This Week
NO HARD FEELINGS, MISS PIGGY
The mouse and the frog have kissed and made up. Henson Associates, creator of Kermit the Frog, Miss Piggy, and other Muppets, and Walt Disney, creator of you-know-who, have settled their suits against each other. Disney issued a rare public apology, and Henson sold Disney a license to use its Muppets at two attractions at Disney World in Orlando, Fla.
Valued at an estimated $10 million, the license is valid for five years, far short of the 10 to 12 years that Disney was shooting for earlier. And the license is applicable only east of the Mississippi River--leaving open the possibility that the Muppets could also be licensed to a Disney rival such as MCA, so long as they appear west of the Mississippi or abroad.EDITED BY HARRIS COLLINGWOOD