Criticism of The Walt Disney Company Some critics disapprove of the marketing strategy made by Anne Sweeney, the former President of the Disney-ABC Television Group from 2004 to 2014 (1996-2014 as the President of Disney Channel), in which Disney Channel's programming has pulled away from the characters of Mickey Mouse, Donald Duck and Goofy, that the company founded itself upon, and now mostly consists of programming geared mainly towards preteens and teenagers.. Longtime fans condemned the company for removing almost all Walt-era and pre-1990s material from the channel in 2002 with the removal of the late-night "Vault Disney" block devoted to this material, which used to
Criticism of The Walt Disney Company meeting, the banks capitulated to Disney's demands. The creditor banks bought US$500 million worth of "Euro Disney" shares, forgave 18 months of interest and deferred interest payments for three years. The Walt Disney Company invested US$750 million into "Euro Disney" and granted a five-year suspension of royalty payments. In June that same year, Saudi Arabian Prince Al-Waleed Bin Talal Bin Abdulaziz Al Saud cut a deal whereby The Walt Disney Company bought 51% of a new US$1.1 billion share issue, the rest being offered to existing shareholders at below-market rates, with the Prince buying any that were not taken up