As many of you faithful Hollywood2020.blogs.com readers know Club Penguin has been the subject of some of our most popular posts. Blogger Joyce Schwarz is a big fan of Virtual Worlds espcially ones that are run as well as Club Penguin.
So it's fascinating to see Disney move ahead and acquire Club Penguin for $350 million in CASH! 
Did you know =Since its launch in October 2005, award-winning Club Penguin has grown to
more than 700,000 current paid subscribers
According to a press report by the company -- The site has more
than 12 million activated users, primarily in the U.S. and Canada, and is one
of the fastest growing online destinations for kids ages 6-14.
Of course you probably already know that the site features animated penguin avatars that inhabit a snow-covered virtual world,converse with other users, participate in group activities and create and
furnish a virtual home with currency earned inside the game.
FOUNDER FORMER DISNEY EMPLOYEE? Now I didn't know this until I read the recent press release:
"We have been actively searching for an organization that not only shares
our values and concerns for children, but also has the ability and desire to
help us bring Club Penguin to more children throughout the world. We've found
that partner in Disney," said Lane Merrifield, one of Club Penguin's three
founders. "As a former employee of Disneyland, I've always had a great respect
for what Walt created. When he first envisioned Disneyland, he wanted to
create a safe place that he and his daughters could enjoy. In the process of
creating Club Penguin, we shared that passion and often pulled from Walt's
vision in the hope of creating a unique place online that we would be
comfortable letting our own children visit."
More info in the official press release: The Walt Disney Company Acquires Club Penguin
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