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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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time
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091189
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09118900.023
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1990-09-17
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BUSINESS, Page 59Business NotesENTERTAINMENTEven Kermit Has His Price
Move it on over, Mickey. Watch your back, Dumbo. A new clan is
moving into the Walt Disney menagerie: the Muppets. Last week
Disney agreed to buy Henson Associates, which owns such characters
as Miss Piggy, Kermit the Frog and Fozzie Bear. Disney did not
disclose the price, but analysts put it at more than $100 million.
Disney would get rights to most Muppets, which will appear in the
Magic Kingdom's theme parks, movies and TV specials. (Big Bird and
the other characters that Muppeteer Jim Henson created for the
Sesame Street TV show remain the property of Children's Television
Workshop.) Henson will become a Disney consultant. Michael Eisner,
Disney's chairman, called the deal "a business association made in
family-entertainment heaven."