This is a pretty darn low bar - the WB merger will be taught in business schools as what never ever, for the love of all that’s holy, NEVER EVER do. That’s the same chapter that will discuss whatever Elon thinks he’s doing with Twitter.
Disney oughta backtrack on their decision now, with these cuts happening, in order to save themselves.
At the end of the day…Iger got into a Hollywood ego peeing contest with Roberts…
Iger got insanely lucky reputation wise--he got out right in time, didn't he? And Chapek is so personally unappealing that he's extremely easy to blame for the whole thing. That's the power of full Blue Ocean thinking or whatever that was...
His reputation for brilliance is really undeserved. Look no further than his dalliances since leaving Disney - he was getting into that sweet, huge upside NFT space.
Iger tried leaving a few times but the Board convinced him to stay. A number of companies are laying off staff, Disney is one of them.
Don't be surprised if some of your operational managers and support staff are no longer there.I've survived layoffs in companies I've worked. Every division gets impacted in the restructuring.
The logic of Hollywood’s streaming-mania was that you needed huge amounts of content to flood your streaming service. Beyond quite a small number of animated classics, Disney didn’t have a substantial back catalog of classic cinema from before the 80s to pad their streaming service. So they bought one. That’s why Fox’s huge body of classic cinema is all available on Disney streaming services.
He tried leaving so many times that he backstabbed any potential successors so the Board was left with no other option than to renew his contract
its really an interesting thing to watch. Other than sitcoms, I feel that “older” movies or TV shows aren’t really a premium for these services. The oldest moves on Netflix are, what, mid to late 70’s productions? HBO Max has them due to TCM hub, and you get a few Universal Monsters ones on Peacock, but I don’t feel that old catalogue titles are what these streamers want.
I was here in 2008 and that’s definitely who suffered then, currently we are still very short across the board here, I think most of this “nimbleness” he keeps referring to will be corporate and DTC. Parks don’t really have much left to cut.
It’s awful. I love those old films. Every single classic Hollywood studio film could be streaming right now at little to no cost to the companies that own them. The fundamental logic of streaming - that you flood the zone with content - dictates that they should be, even if the only viewers are a relatively small number of nerds like me. But they aren’t there. And with the death of physical media that streaming has brought about, that means those classics are becoming completely unattainable, disappearing into the void. Streaming, a development that should have made every film still extant instantaneously accessible, instead threatens to make 90% of Hollywood’s historic output disappear forever for no other reason then because executives and investors have no clear idea of what a streaming future looks like but are wildly arrogant, short-sighted, and trapped in an echo chamber that justifies and amplifies their worst impulses.
You say that, but I suspect they’ll find a way regardless.
If some think parks and resorts are not impacted by layoffs , think again .
During Covid 2020 Exec salaries were cut anywhere from 20% to 100% when thousands of cast were furloughed, a number were laid off for good.
