Monday, June 26, 2006
Michael Eisner, former Disney topkick, isn't letting the grass grow under his feet.... In April, he threw in with Time-Warner on some venture capital investments. And now, per the Wall Street Journal, he's making another investment move: Eisner's Venture Firm to Acquire Team Baby Production Company Tornante Co., the venture-capital firm started by Walt Disney Co. former Chief Executive Office Michael Eisner, will announce today that it has acquired Team Baby Entertainment, a production company that makes college sports-themed DVDs for infants and toddlers. The investment, terms of which weren't disclosed, puts Mr. Eisner back in the family-entertainment arena he was so closely associated with until leaving Disney last year... Tornante was formed last year and invests in media and entertainment related ventures, including the Veoh Networks, Inc., a San Diego company that delivers video and television content over the internet... -- WSJ, June 26, 2006 It seems to us that Mr. Eisner is getting into internet firms in a way similar to his old boss, Barry Diller. Good to know he's putting his fortune to work in new and productive ways.
Posted by Steve Hulett at 9:09 AM