Walt Disney Sr. EVP and CFO exercises options and DreamWorks Animation's 'Kung Fu Panda' Kicks Off Cannes Film Festival 2008

Share: 

City of Industry, CA --(www.USEquityNews.com)-- 05/15/2008 - Media entertainment industry alert provided by U.S. Equity News. The senior executive vice president and chief financial officer of media and entertainment company Walt Disney Co. (NYSE: DIS) exercised options for 75,000 shares of common stock, according to a filing with the Securities and Exchange Commission. In a Form 4 filed with the SEC Tuesday, Thomas O. Staggs reported exercising the options on Friday and Monday for $26.81 apiece, then selling all 75,000 shares on the same days for $34.03 to $34.67 apiece. The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.


Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, recently announced details of Regal's 2008 Free Family Film Festival. During this 9-week festival approximately 300 Regal Cinemas, United Artists and Edwards Theatres offer selected G and PG rated movies for free on Tuesday and Wednesday mornings at 10am. Participating theatres offer free film titles such as Alvin and the Chipmunks, Bee Movie, Charlotte's Web and Mr. Magorium's Wonder Emporium. Check local theatre listings for film selection at specific theatres. Concession items are available and there is a special "Kids Reel Meal" combo pack available. Regal's Free Family Film Festival has been an annual summer event since 1991.

DreamWorks Animation SKG, Inc. (NYSE: DWA) kicked off the 61st annual Cannes Film Festival recently, as Jack Black, star of the company's June 6 release, "Kung Fu Panda," spread "Panda-monium" as he emerged from a water taxi to be greeted on the Carlton Hotel pier by nearly 40 life-sized Po, the Panda's -- his on-screen persona and the hero of the film. Black and the other "kung fu pandas" posed for a barrage of photojournalists and camera crews, signaling that the celebrity- and film-fueled glitter of the 2008 Festival had officially begun. Black's arrival at the Carlton is just the beginning of the "Kung Fu Panda-monium" set to sweep Cannes, culminating with the film's worldwide premiere, tomorrow, May 15th, at 7:30pm at the nexus of the Festival, the Palais.

EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.

About U.S. Equity News

U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.

U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.

Contact Information:
U.S. Equity News
Tel: (626) 961-8039
Email: info@usequitynews.com

Comments:
Disclaimer: User Comments do not reflect the views of US Equity News, and we are not responsible for the content of users' comments. We also reserve the right to edit or delete comments to our discretion.

---