DISNEY TO LAUNCH TV CHANNEL IN RUSSIA
BURBANK – 12/31/08 – The Walt Disney Company has said it will team-up with Media-One Holdings Ltd. to launch a Disney-branded television channel in Russia.
Disney will have a 49% stake in the venture in exchange for a cash investment and content acquisition, according to a recent piece in the Los Angeles Business Journal.
The channel, which will be a free, broadcast channel, will launch in 2009, pending regulatory approval from the Russian government.
The programming would be broadcast on Media-One's 30 stations throughout Russia, and would feature family oriented programming, both Disney-branded and original Russian programming.
Media-One Holdings Ltd. currently operates 86 television and radio stations throughout the country.
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MATTEL ACQUIRES FRENCH GAME COMPANY
EL SEGUNDO – 01/26/09 – Toy and game giant Mattel Inc. has acquired France-based Sekkoia SAS, which produces the Blokus family of games; Blokus was launched in September 2000 and now ranks as one of the best selling board game packages in the world.
GLOBAL DEMAND FOR CAL ALMONDS FALLS
SACRAMENTO – 01/12/09 – A decrease in international demand and a bumper crop have combined to reduce by half the price almond growers are receiving for this season's crop; prices for the nut are about $1 per pound, down from about $2 a year ago, says the California Almond Board.
GOLDEN SPOON ENTERS THE GLOBAL MARKET
RANCHO SANTA MARGARITA – 12/12/08 – Frozen yogurt giant Golden Spoon has accelerated its international expansion with the announcement of two additional stores for Japan; the new stores will be located within Tokyo Station and the Kansai International Airport and are slated to open for business this month.
PORT OF STOCKTON EXPANDS ITS FTZ
STOCKTON – 12/05/08 – The Port of Stockton has received approval from the US Dept. of Commerce (DOC) Foreign Trade Zones Board for expansion of its Foreign Trade Zone No. 231; the expansion at the nearly 475-acre Opus West Park in East Stockton is the eighth site approved in Stockton by the DOC and is sited adjacent to the Burlington Northern and Santa Fe Railroad line linking Central California with points throughout the country.
NETSUITE GOES LIVE IN SINGAPORE
SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.
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