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2023-07-20 Economy
Disney Prepares to Sell Off Third of Company
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Posted by Fred 2023-07-20 00:00|| E-Mail|| Front Page|| [11128 views ]  Top

#1 Even Snow White is not safe at Disney anymore!
Posted by Jeremiah Jomosing7109 2023-07-20 02:54||   2023-07-20 02:54|| Front Page Top

#2 ...Disney is likely in worse shape than Paramount or Warners because Disney has had an unbroken stream of disasters. Right now they are on track to lose more than a billion dollars...which somehow Disney's board managed to overlook when they extended Iger's contract by two years.

I have a funny feeling that the Board may act to correct this issue. Eight billion dollars sounds like a lot of money, but even if he gets that (and having opened his pie hole a little early, he may not now) it's gonna go PDQ.

Mike
Posted by MikeKozlowski 2023-07-20 06:33||   2023-07-20 06:33|| Front Page Top

#3 Strange to think that in 10 years Disney may be another failed brand like Circuit City. While media is evolving, Disney has a 30% approval rating from the American people. Paramount can reinvent or adjust; hated media has no viable business strategy. The problem not being addressed is abhorrent content.

Content has to be fixed or even the parks are DOA. Nobody is flying across the country, staying in expensive resort and paying $25 for a peanut butter sandwich to enjoy the nostalgia of things they now hate. You would get better attendees at a Shawshank Redemption themed park at this point.
Posted by Super Hose 2023-07-20 06:55||   2023-07-20 06:55|| Front Page Top

#4 Disney actually has done well lately based on their financial reports. Revenue and Income both increased in 2023 Q2 compared to 2022 Q2.

Partly this was due to raising prices at Disney World and for various other income streams.
Posted by lord garth  2023-07-20 07:09||   2023-07-20 07:09|| Front Page Top

#5 A lot of foreign tourists at Orlando.
Posted by Procopius2k 2023-07-20 07:15||   2023-07-20 07:15|| Front Page Top

#6 "Doing well" is relative and looks a lot better than it is out of context. Dizney's expenses are stupidly high. Institutional inertia is not a substitute for healthy growth.

Like the urban model, big entertainment is structurally in trouble.

Ripe for "creative destruction."
Posted by M. Murcek 2023-07-20 07:29||   2023-07-20 07:29|| Front Page Top

#7 Nobody is flying across the country, staying in expensive resort and paying $25 for a peanut butter sandwich to enjoy the nostalgia of things they now hate.

Unless of course it is sold as a 'Mecca East' and repainted as a muslim theme park.
Posted by Skidmark 2023-07-20 08:22||   2023-07-20 08:22|| Front Page Top

#8 They will be keeping the Left Half and selling the right and middle sections. 🤓
Posted by NN2N1 2023-07-20 09:18||   2023-07-20 09:18|| Front Page Top

#9 In the real world, where a fraction of 1% are actually sexually off-kilter, that's not a big audience. At ivy league schools, where 40% say they identify as sexually off-kilter, the student debt load is too high to afford Dizney prices.
Posted by M. Murcek 2023-07-20 09:23||   2023-07-20 09:23|| Front Page Top

#10 TBD
What to Know About the Hajj Pilgrimage and Why It Matters to Muslims
Posted by Skidmark 2023-07-20 10:24||   2023-07-20 10:24|| Front Page Top

#11 Expenses seem to be a big problem at their Lucas Films. My understanding is that President Kathleen Kennedy is locked out of her email and banned from the property as corporate goes through the financial books.
Posted by Super Hose 2023-07-20 11:58||   2023-07-20 11:58|| Front Page Top

#12 
#11 Expenses seem to be a big problem at their Lucas Films. My understanding is that President Kathleen Kennedy is locked out of her email and banned from the property as corporate goes through the financial books.
Posted by: Super Hose 2023-07-20 11:58

SH,

Do you have any links on that?

Mike
Posted by MikeKozlowski 2023-07-20 12:18||   2023-07-20 12:18|| Front Page Top

#13 Mike I have nothing legitimate but there are several sources that have predicted all the Disney foul ups over the last two years. Here is the funniest one with regard to presentation. https://m.youtube.com/watch?v=RTTsyz2f42k
He predicted the Indy flop months ago and the script rewrites two years ago.
Posted by Super Hose 2023-07-20 13:23||   2023-07-20 13:23|| Front Page Top

#14 If you search on "Kathleen Kennedy fired," you will get "reports of rumors" from entertainment blogs. I wouldn't bother to post any links as they have all the substance of political discussions on tech blogs.
Posted by M. Murcek 2023-07-20 13:28||   2023-07-20 13:28|| Front Page Top

#15 Last year we got rid of all cable and put a 1950s-style antenna on the roof. We get a decent amount of sports and the weather forecast. Which is all I really need.
Posted by Tom 2023-07-20 15:39||   2023-07-20 15:39|| Front Page Top

22:39 trailing wife
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