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"Anyone can go make a film," he said Quality of Films Deteriorating, Panel Says Oct 6, 9:25 AM EST The quality of films seems to have deteriorated in the last 20 years, a panel of producers and directors said during a salute to American filmmaking in the 1970s Movies didn't have to make as much money," director and producer Sydney Pollack said He also said the American public is driven by short attention spans Pollack was part of a panel discussion that included production and costume designer Polly Platt, cinematographer Laszlo Kovacs and director William Friedkin as part of a tribute to the 25th anniversary of the Aspen Filmfest Saturday Friedkin, who directed "The Exorcist," said the advent of digital film may lead to a revolution in filmmaking "If you don't get the clothes off fast or the gun out quick, you're in trouble "It was a different time in the 1970s He said digital allows for inexpensive filmmaking because it does not require as much attention to light or production Audiences want to feel something intense, quickly, without wasting a lot of time," he said Mooney will run the stores on an interim basis 12 at the end of regular trading Thursday on the New York Stock Exchange Ultimately, the company concluded it did not have the capital and expertise to succeed The sale resulted in a net pretax gain of $34 million In preparation for a potential sale, Peter Whitford, who was hired to run the store chain in 2001, has resigned and other executives will lose their jobs over the next few weeks as Disney looks to control costs, the company said The company has been closing its least profitable stores over the last few years , the same company that runs Tokyo Disneyland There are 548 stores worldwide, including 47 in Japan, six in Hong Kong, and stores in London, Paris and other major European cities They employ 12,000 people Shares of Disney were up 24 cents to $18 Profits have been steadily declining and Disney has been experimenting with new layouts, new product mixes and other strategies to reinvigorate the chain Last year, the company sold its stores in Japan to Oriental Land Co The number of North American stores has dropped from 522 to 387 and further closings are expected, Disney said The company has yet to hire an investment bank to solicit bids, according to Gary Foster, a spokesman for Disney Consumer Products "We are very optimistic we can actually find a buyer" if the company decides to sell the Disney Store chain, Disney Consumer Products Chairman Andy Mooney said Thursday , already facing economic challenges at its theme parks and ABC television network, said it may sell its chain of retail stores in North America and Europe Disney said it is considering selling the North American and European stores to a retail specialist who would run them and pay Disney a royalty Disney launched the chain in 1987 to sell dolls, videos, mugs, and other items based on characters such as Mickey Mouse and Winnie the Pooh Disney May Sell Some Ailing Retail Stores May 23, 7:10 AM EST The Walt Disney Co |
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