CaptainAmerica
Premium Member
Actually I don't care. Sure, Disney shut down their "metaverse division."
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News Disney CEO Bob Chapek hails the metaverse as 'the next great storytelling frontier' and sets up a new team at Disney to create new experiences
- Thread starter wdwmagic
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Actually I don't care. Sure, Disney shut down their "metaverse division."
91JLovesDisney
Well-Known Member
Disney reportedly abandons metaverse plans which former CEO Bob Chapek described as 'the next great storytelling frontier'
Disney reportedly abandons metaverse plans which former CEO Bob Chapek described as 'the next great storytelling frontier'
Disney reportedly abandons metaverse plans which former CEO Bob Chapek described as 'the next great storytelling frontier'www.wdwmagic.com
the.dreamfinder
Well-Known Member
Shutting down the “Disney Prime” effort, which is being associated with this cut in the press, was a mistake.
The mistake was firing 50 people and not getting rid of the executive bloat that also led those 50 people. If the team is gone there is no need for the executive that led said team.
gorillaball
Well-Known Member
please explain? I didn't really understand the business model, but am open ears as to what it would have done...
CaptainAmerica
Premium Member
The executive has another, much larger team. This was his side gig.
the.dreamfinder
Well-Known Member
It would be a souped up version of Amazon Prime, free shipping from ShopDisney, Disney+ included, and special discounts/offers, and D23, special events like Destination D and D23 expo and the magazine, with potentially more things attached. Likely would have been more expensive than Prime is though.
Media exec turned VC Matthew Ball sketched out his pitch several years ago.
REDEF ORIGINAL: Disney as a Service: Why Disney is Closer than Ever to Waltâs 60 Year Old Vision
To many, Disney has become the posterchild for poor licensing decisions in the digital era. Four years ago, the company sold exclusive digital rights to nearly the entire Disney catalog through the end of the decade. As a result, critics argue, Disney can do little to adapt to the OTT and D2C...
web.archive.org
Disney as a Service (Pt. II) and the Future of the 'House of Mouse' — MatthewBall.co
In announcing its own streaming service, Disney took a crucial first step in course correcting video service strategy and advancing Walt’s own vision for his storied company. But few details were provided, including what the service will look like, how it’ll be priced and sold, and who will buy it.
www.matthewball.vc
UNCgolf
Well-Known Member
It would be a souped up version of Amazon Prime, free shipping from ShopDisney, Disney+ included, and special discounts/offers, and D23, special events like Destination D and D23 expo and the magazine, with potentially more things attached. Likely would have been more expensive than Prime is though.
Media exec turned VC Matthew Ball sketched out his pitch several years ago.
REDEF ORIGINAL: Disney as a Service: Why Disney is Closer than Ever to Waltâs 60 Year Old Vision
To many, Disney has become the posterchild for poor licensing decisions in the digital era. Four years ago, the company sold exclusive digital rights to nearly the entire Disney catalog through the end of the decade. As a result, critics argue, Disney can do little to adapt to the OTT and D2C...Disney as a Service (Pt. II) and the Future of the 'House of Mouse' — MatthewBall.co
In announcing its own streaming service, Disney took a crucial first step in course correcting video service strategy and advancing Walt’s own vision for his storied company. But few details were provided, including what the service will look like, how it’ll be priced and sold, and who will buy it.
Seems like that would have had a very small potential customer base.
How many people out there order from Disney enough and visit the parks enough to where a subscription service would actually come close to justifying the price? If it was only slightly more expensive than a Disney+ subscription alone I could see it, but hard to imagine it being interesting to enough people to work if it cost significantly more.
Then again, I guess it wouldn't need that many subscribers to create additional profit.
CaptainAmerica
Premium Member
Every DVC member and Disney cruiser, for starters.
Ignore every comment that describes this thing as "like Amazon Prime." It wouldn't have been "like Amazon Prime" in any meaningful way.
I guess we will miss out on all the busses being tagged with “There is more to Disneyzon Prime. A bussload more”.
Lucky for him. I’m sure whatever compensation he received for managing this side gig isn’t going away however while 50 people lost their jobs due to corporate mismanagement.
CaptainAmerica
Premium Member
Respectfully, you have no idea what you're talking about.
Then explain it, please. In all seriousness - we have an example where an entire division (except for the executive leader) just lost their jobs, income, health insurance, etc. The executive has a fallback safety net since this was a side project of theirs so they face no consequences to this division being eliminated.
Additionally, unless you can tel us for certain, I highly doubt this executive is having their pay cut with the elimination of this division. The reality is that even if the division was a flop for Disney, this is yet another prime example of how senior executive leadership are immune to the bad decisions they make while others have to live with the consequences of those bad decisions.
CaptainAmerica
Premium Member
Holy crap.
BOB CHAPEK is the executive responsible for this division (and it's not a "division"). Maybe you haven't noticed, but Bob Chapek lost his job, too. He was the first one to lose his job, as a matter of fact.
If your boss' boss' boss makes you do something, and then your boss' boss' boss gets canned, and then your new boss' boss' boss tells you to do something different, how is any of that your fault?
Executives are employees too, and there are going to be a lot of executives eliminated in the 7,000. This isn't a case where the bigwigs are wiping out the underlings. You save a lot more money cutting a Senior Vice President than a Senior Procurement Analyst.
I would imagine that getting "Disney As A Service" would, at the start-up, have to be run as a loss-leader. With Streaming currently running as a loss-leader, Wall Street has no stomach for Disney to create another loss-leading division... for now. Especially with Disney about to buy out Comcast from Hulu for a bunch of billions of dollars.
Once Streaming is in the black in 2024 and dividends are flowing, investment in new services can restart... I would guess.
Parker in NYC
Well-Known Member
Don’t people spend upwards of $500 just to have first dibs on snagging RunDisney registrations? I’ve seen folks who go concierge on the cruise line just to get a Castaway cabana. I think people will throw money at the company and not look back (save for SWGS, yes folks, that is the mythical breaking point). But even then, DVC will show up with those discounts.
Elijah Abrams
Well-Known Member
- In the Parks
- Yes
Being in the black sounds worse than being in the red.
UNCgolf
Well-Known Member
DVC members were the only people that came to mind as obvious potential purchasers (especially with all the restrictions on annual passes), but I guess cruisers make sense too if they go regularly. Still feels like it would be a niche product rather than something interesting/worthwhile for most people -- as I said, though, that doesn't mean it wouldn't be a profit center and worth doing.
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Many things sound worse than they are.
SpectroMagician
Well-Known Member
I find it extremely comical anyone thought the metaverse was going to be a major thing, especially after seeing the first demo of it.