News from Tech Crunch about digital doings at Walt Disney Co.: The Mouse House has formed a group within its corporate strategy function that expects to source 20 deals in the Internet sector over the next two years. The group will look for "very early-stage deals," Tech Crunch says. It is led by two vice presidents, New York-based Leigh Zarelli (formerly of IAC/InterActiveCorp) and Burbank, Calif.-based Matt Pillar, formerly of Catalytic Capital.

Disney is divided into four major business segments: studio entertainment, parks and resorts, consumer products, and media networks. The firm recently reported record profits for this fiscal year. Net income increased from $3.4 billion in fiscal 2006 to $4.7 billion in fiscal 2007. — Baz Hiralal

Go to story here
See Disney's earnings release

Join Corporate Dealmaker's LinkedIn forum