Anaheim Sports
This article needs additional citations for verification. (February 2013) |
Formerly | Disney Sports Enterprises, Inc. (1986-1996) |
---|---|
Company type | Subsidiary of a public corporation |
Industry | Sports |
Defunct | 2005 |
Fate | Dissolved |
Headquarters | Disney Ice |
Anaheim Sports, Inc., formerly Disney Sports Enterprises, Inc. (DSE), was a fully owned subsidiary of
History
Disney Sports Enterprises
Disney Sports Enterprises, Inc. was incorporated in California on December 12, 1986.[1]
Disney purchased a
Following the Mighty Ducks movie/pro-team marketing formula, first Disney released in 1994
Anaheim Sports
In December 1996, Disney Sports Enterprises, Inc. was renamed to Anaheim Sports, Inc. for tax purposes and to align with the teams' names.[8] Anaheim Sports teams were then seen as an additional draw for people to visit Disneyland Resort and a key to a potential regional sports channel, ESPN West.[3]
By 1998, the two teams were losing money and the ESPN West channel never got off the ground, which could have justified keeping the teams. The two teams were put up for sale in 1999.[3] From 1995 to 1998, the Angels lost Anaheim on average $16.6 million while only being competitive in three out of five years. While the Ducks were a money maker in the beginning, the team was expected to lose money for its third season.[4] Broadcom Corporation had approached Disney about interactive broadcasting rights for the teams which would have allow viewers at home to purchase Anaheim tickets and merchandise via their remote controls. Instead, Disney offered to sell the Broadcom partners, Henry Samueli and Henry Nicholas, the two teams for $450 million.[3]
President
The Lehman Bros. investment bank was hired to sell the two teams, separately or together, in 2002.
References
- ^ California Secretary of State. Archived from the originalon 2015-03-15. Retrieved January 25, 2015.
- ^ a b Emmons, Steve (May 19, 1995). "Disney Makes an Offer to Add Angels to Its Lineup : Baseball: Firm agrees to buy 25% from Autrys and operate the team. It would get option to buy the rest later". Los Angeles Times. Times Mirror Company. Retrieved December 4, 2012.
- ^ Tribune Publishing. Retrieved January 25, 2015.
- ^ a b c Shaikin, Bill (February 17, 2001). "Angels, Ducks Get a New Boss". Los Angeles Times. Tribune Publishing. Retrieved April 25, 2016.
- ^ a b Turner, Tim; Shenot, Christine (September 17, 1995). "Disney Discovers Wonderful World Of Sports And Makes Plans To Conquer It". Orlando Sentinel. Retrieved July 10, 2018.
- ProQuest 293381787.
- ^ DiGiovanna, Mike (June 4, 1996). "Club Gags Over Disney's New Rule". Los Angeles Times. Times Mirror Company. Retrieved December 4, 2012.
- ^ a b Norwood, Robin (December 5, 1996). "What's in a Name? Anaheim, Not Disney". Los Angeles Times. Times Mirror Company. Retrieved December 4, 2012.
- Gannett Company. Retrieved January 21, 2010.