This has to be one of my favorite news stories of the year so far.
Part of the deal under which Disney / ABC / ESPN released Al Michaels from his contract, so that he could stay with broadcast partner John Madden when Madden begins calling Sunday Night Football on NBC this fall, was that NBC Universal agreed to give up the rights to Oswald the Rabbit.
Oswald was the first successful cartoon character Walt Disney created — but he didn’t own the character, and was crushed when Universal hired his animators away from him and took production in-house, shutting Walt out. So Walt (with invaluable business assistance from his brother) started his own animation studio, and vowed that he would control the rights to all his characters. He began drawing a new character — a character who, at the time, looked very much like Oswald, only with smaller mouse ears in place of Oswald’s floppy rabbit ears.
The rights to Oswald the Rabbit are virtually worthless in terms of marketing. Nobody cares. But the Disney family wanted to reclaim Walt’s first creation, and new Disney president Bob Iger promised Walt’s daughter, Diane Disney Miller, that he would try to make it happen.
There were other factors involved in the deal to let Al Michaels out of his contract — ESPN will get increased access to NBC’s Olympics highlights, for example. I think it’s kind of nice that things worked out this way. Michaels gets to keep working with Madden (and with many other members of the “Monday Night Football” production staff who are moving to NBC), and Disney gets a part of its heritage back.