Re: Disney Oils Around
Author: New Felton
Date: 01-07-2015 - 21:31
Finally, in 1982, the Disney family sold the naming rights and rail-based attractions to the Disney film studio for 818,461 shares of Disney stock then worth $42.6 million, none of which went to Retlaw. The remaining divisions of Retlaw, after the majority of the company was sold to Walt's larger public company, were several television stations and real estate holdings that continue to be owned by the Disney family. Per Securities and Exchange Commission filings, Retlaw received $75 million in net income from the monorail and railroad from 1955 to late 1981. Also, Roy E. Disney objected to the overvalued purchase price of the naming rights and voted against the purchase as a Disney board director.[1]
--Wikipedia