- Joined
- Nov 30, 2005
They are being removed as you typed this.
Obviously the sponsorship deal is still in effect to some capacity. Disney is not known to give ANYTHING free to anyone, including advertisers. Deals like this just don't end with no notice. In any type of contract like this written by even a semi competent lawyer would require notification. Unless an agreement is reached (and it is entirely possible that one has been), DIsney could not remove signs, logos, etc that are agreed upon in said contract until the deal had expired.
However, I do question the total validity of this rumor. Ignoring the signs still up at JII and logos on the maps, Kodak has had a relationship with Disney for 55 years. Given the plethora of articles about venerable companies and hard times, the 24 hour news cycle and transparency laws for public companies, if this were true, the business press would have picked up on it IF Kodak was severing all ties with Disney... Just like it was news when Disney and McDonald's seperated, when several companies stopped sponsoring NASCAR over the last year or two, etc. Not saying its Front page news, but a google search would turn up some articles on the subject if true.
I do think its entirely possible they will still end sponsorship of JII (and may already have although until the signs come down, they are still contractual sponsors of the attraction), I do not believe that there sponsorship of the maps has ended at this time. The evidence disputes the claim.
Now, I'm not saying it couldn't eventually happen. In fact given the $.50 per share loss reported a month ago in their earnings report, its entirely possible. And it is entirely possible they waited a day after Disney's earnings report to give notice. But you jump the gun reporting things as fact when no proof of it exists. Call it a rumor.