Disney buys Club Penguin

CLUB PENGUIN NEWS ! ! !

DISNEY BUYS CLUB PENGUIN
Disney have paid the 3 founding dads of Club Penguin $350 for Club Penguin.

Club Penguin was launched in 2005 by Lane Merrifield, Dave Krysko, and Lance Priebe. If they can manage the Club successfully for Disney over the next 2 years then they will receive another £350 million.

Bob Iger of Disney said in an interview: "We've believed for a while that the internet is a primary medium for kids, so this is just perfect. It's creative, innovative, and uses technology well."

Bob Iger also reassured Club Penguin users that he has no plans for dramatic change. Bob said “Club Penguin is going to continue to exist as is. ... The experience will not change at all. It will continue to evolve.” Iger added: “We really don’t intend to get in the way of that or do anything by virtue of the way we own it.”

At August 2007 Club penguin has 700,000 paying subscribers and a total audience of 12 million.