News Bob Iger is back! Chapek is out!!

[Trauma]

They have some untapped potential still with marvel…so I can see getting to core characters yet unused to be a high priority

I don’t know what they do with LFL at this point? That’s really a mess.

Wall Street seems to think they need to slow the spending on D+ content..but that’s a disaster too. I think they may have to actually increase it? No easy answers there.

The production sources - as other have said - are creatively void. They really haven’t invested much of late into new tent poles…and Disney is at its weakest when they aren’t rolling something new out.

No easy answers - for sure.

Remember Walter, you have to speak to me as if I’m a goldfish.

I’ve never been the smartest, but I do have tremendous instincts, and they are telling me Disney is in much bigger trouble then people are realizing.

We are heading into a recession so endlessly increasing prices may be about to hit a brick wall.

Theatrical releases are certainly not surefire home runs like they use to be.

D+ may require even more money to be dumped on the fire.

I’m not sure how ESPN or the cruise lines fit into things.

With the current amount of debt on the books is it possible that the $DIS is in actual peril?

Just because Iger may be able to steady the ship short term, doesn’t mean the hurricane isn’t coming.

 

[MrPromey]

Yeah but “the truth is a lie that everyone believes”

And history is written by the victors.

... Thus the other Bob is no-longer a master ship builder at Castaway.

 

[Sirwalterraleigh]

Remember Walter, you have to speak to me as if I’m a goldfish.

I’ve never been the smartest, but I do have tremendous instincts, and they are telling me Disney is in much bigger trouble then people are realizing.

We are heading into a recession so endlessly increasing prices may be about to hit a brick wall.

Theatrical releases are certainly not surefire home runs like they use to be.

D+ may require even more money to be dumped on the fire.

I’m not sure how ESPN or the cruise lines fit into things.

With the current amount of debt on the books is it possible that the $DIS is in actual peril?

Just because Iger may be able to steady the ship short term, doesn’t mean the hurricane isn’t coming.

The most interesting comment buried in the frantic coverage of chapek getting fired last week gave me a feeling I can’t shake…

When asked about Apple potentially buying Disney, a “former senior Disney executive” said “I think he’d be very open to the concept…he’d encourage it..” regarding Iger.

I know that voice.

Merger/buyout is still the most likely path here. For better or iTunes

 

[Trauma]

The most interesting comment buried in the frantic coverage of chapek getting fired last week gave me a feeling I can’t shake…

When asked about Apple potentially buying Disney, a “former senior Disney executive” said “I think he’d be very open to the concept…he’d encourage it..” regarding Iger.

I know that voice.

Merger/buyout is still the most likely path here. For better or iTunes

I don’t know. Microsoft is running into headwinds buying Activision but Apple is just going buy Disney?

Why do they even want to buy Disney?

 

[Elijah Abrams]

Say what you want about Tom Staggs and Kevin Mayer becoming the new guys in charge of Disney in 2024, but the problem is that they were screwed/fired by Chapek and have founded their own company. I doubt they would come back. Heck, I feel like they won’t come back. Even if Iger tried.

 

[JoeCamel]

Say what you want about Tom Staggs and Kevin Mayer becoming the new guys in charge of Disney in 2024, but the problem is that they were screwed/fired by Chapek and have founded their own company. I doubt they would come back. Heck, I feel like they won’t come back. Even if Iger tried.

Fired by Chappie???
What you smokin' boy?

 

[TwilightZone]

Why do they even want to buy Disney?

Two words and a keyboard sign: AppleTV+

 

[DCBaker]

"Disney now owns 100% of BAMTech, the streaming technology services group that powers Disney+ and the media company’s other direct-to-consumer services.

Earlier this month, Disney paid $900 million to Major League Baseball to buy out the league’s remaining 15% stake in BAMTech, the media conglomerate disclosed in an SEC filing Tuesday.

In 2016, Disney made a $1 billion investment in BAMTech, giving it a 33% stake, and then a year later paid an additional $1.58 billion for a 75% stake. In August 2021, the NHL opted to sell its 10% interest in BAMTech to Disney for $350 million. As of Oct. 1, 2022, MLB’s 15% interest in BAMTech was recorded in Disney’s financial statements at $828 million.

MLB created the precursor to BAMTech in 2000 with MLB Advanced Media. That year, the league began streaming live video online with its MLB.TV service — years before YouTube was a glimmer in Google’s eye. In 2015, Major League Baseball spun off the streaming-technology division as BAMTech, setting up the eventual takeover by Disney.

Disney’s full ownership of BAMTech comes amid the company’s surprise Nov. 20 announcement that Bob Iger would return as CEO, with the board ousting former chief exec Bob Chapek after less than three years. Iger has a mandate from Disney’s board “to set the strategic direction for renewed growth.”

In a memo to Disney staffers on Nov. 21, Iger said restructuring at the company will begin “in the coming weeks.” As part of that restructuring, Kareem Daniel, chairman of Disney Media and Entertainment Distribution, will leave the company.

In Disney’s 10-K filing Tuesday with the SEC, the company said “we anticipate that within the coming months Mr. Iger will initiate organizational and operating changes within the company to address the board’s goals.”

“While the plans are in early stages, changes in our structure and operations, including within DMED (and including possibly our distribution approach and the businesses/distribution platforms selected for the initial distribution of content), can be expected. The restructuring and change in business strategy, once determined, could result in impairment charges,” Disney said in the filing."

Disney Buys Out MLB’s Remaining 15% Stake in BAMTech Streaming Division for $900 Million

Disney paid $900 million to Major League Baseball to buy out the league's remaining 15% stake in BAMTech, the streaming technology group.

variety.com

 

[Tha Realest]

Say what you want about Tom Staggs and Kevin Mayer becoming the new guys in charge of Disney in 2024, but the problem is that they were screwed/fired by Chapek and have founded their own company. I doubt they would come back. Heck, I feel like they won’t come back. Even if Iger tried.

Both were shivved by Iger. I can’t imagine they’d come in only to have it happen again.

 

[JoeCamel]

So they have 3.83B in Bam Tech? Almost Star Bores money.......
Which one has more value?

 

[Goofyernmost]

That's why I'm doubly ashamed of what a cheerleader I was when Disney bought Star Wars. It was the perfect marriage in so many ways - Lucasfilm was always battling infrastructure, and Disney had everything in-house to take Star Wars to a new level. I never imagined they would drop the biggest ball their was, the actual sequel movies that everyone was excited about to begin with.

In retrospect, we really should have known this just with TFA - the fact that they had Mark Hamill, Carrie Fisher, and Harrison Ford in the same Star Wars picture - yet didn't even give us a single scene with the three of them together was the first red flag. Because, even if FIsher had not passed, they still missed the most major opportunity given that it was known Ford's character wouldn't survive the film.

True, not all three were in a scene together but Harrison and Fisher were and Hamill really wasn't more than a cameo at the end of the movie and not part of the story until the end. That process left the ability to add him in future stories. It was well known that Harrison wanted out of the franchise, but Fisher might have been a strong part of the story concerning the Hamill return.

It is a shame that they couldn't have found a more pleasant way to get Hans out of the picture like having him retire to The Villages where he could acquire a jet powered hovering golf cart and his own bingo marker. I think that one scene pushed and the unexpected actual death of Carrie Fisher, pushed many of the fans away from being able to enjoy any further ones.

 

[Sirwalterraleigh]

I don’t know. Microsoft is running into headwinds buying Activision but Apple is just going buy Disney?

Why do they even want to buy Disney?

1. They have $48.5 billion of cash on hand
2. If you still believe the pundits…content is “the future”
3. Apple has no content really
4. Apple is tied to tech…the way to insulate your tech is to diversify with something to put on your tech.
5. They’re the 2nd/3rd most valuable company…depending on the day and the BS


Not saying expect an announcement…but Disney is still the biggest treasure chest of IP and consumer products on the planet to be had. Hard to argue that. And only a couple of big names would even try to pull it off.

As far as antitrust goes…we always think it won’t go through…then it does. Money always talks.

 

[Sirwalterraleigh]

Fired by Chappie???
What you smokin' boy?

Yeah…that wasn’t Slaphead

 

[lentesta]

Shout out to @lentesta for his guest opinion Essay for the NY Times. Great read Len!

Thank you. Had a great editor. Learned a lot.

 

[Sirwalterraleigh]

That's why I'm doubly ashamed of what a cheerleader I was when Disney bought Star Wars. It was the perfect marriage in so many ways - Lucasfilm was always battling infrastructure, and Disney had everything in-house to take Star Wars to a new level. I never imagined they would drop the biggest ball their was, the actual sequel movies that everyone was excited about to begin with.

In retrospect, we really should have known this just with TFA - the fact that they had Mark Hamill, Carrie Fisher, and Harrison Ford in the same Star Wars picture - yet didn't even give us a single scene with the three of them together was the first red flag. Because, even if FIsher had not passed, they still missed the most major opportunity given that it was known Ford's character wouldn't survive the film.

I was right there with you.

I will never understand the mistakes? And they were intentional. As a reminder to everyone: the writers for the first movie were ORDERED by the management to keep hamill out of it. For the DUMBEST reason in history.

It’s malfeasance. Deliberate failure.

Ugh…bourbon…must:..get…now…

 

[JoeCamel]

1. They have $48.5 billion of cash on hand
2. If you still believe the pundits…content is “the future”
3. Apple has no content really
4. Apple is tied to tech…the way to insulate your tech is to diversify with something to put on your tech.
5. They’re the 2nd/3rd most valuable company…depending on the day and the BS


Not saying expect an announcement…but Disney is still the biggest treasure chest of IP and consumer products on the planet to be had. Hard to argue that. And only a couple of big names would even try to pull it off.

As far as antitrust goes…we always think it won’t go through…then it does. Money always talks.

Plus they need to face the fact that they can't sell phones forever. Try to buy one lately?

 

[Sirwalterraleigh]

Thank you. Had a great editor. Learned a lot.

That’s awesome…I missed this. Do you have a link?

 

[DCBaker]

That’s awesome…I missed this. Do you have a link?

See here -

https://www.nytimes.com/2022/11/29/opinion/disney-robert-iger-bob-chapek.html

 

[Sirwalterraleigh]

"Disney now owns 100% of BAMTech, the streaming technology services group that powers Disney+ and the media company’s other direct-to-consumer services.

Earlier this month, Disney paid $900 million to Major League Baseball to buy out the league’s remaining 15% stake in BAMTech, the media conglomerate disclosed in an SEC filing Tuesday.

In 2016, Disney made a $1 billion investment in BAMTech, giving it a 33% stake, and then a year later paid an additional $1.58 billion for a 75% stake. In August 2021, the NHL opted to sell its 10% interest in BAMTech to Disney for $350 million. As of Oct. 1, 2022, MLB’s 15% interest in BAMTech was recorded in Disney’s financial statements at $828 million.

MLB created the precursor to BAMTech in 2000 with MLB Advanced Media. That year, the league began streaming live video online with its MLB.TV service — years before YouTube was a glimmer in Google’s eye. In 2015, Major League Baseball spun off the streaming-technology division as BAMTech, setting up the eventual takeover by Disney.

Disney’s full ownership of BAMTech comes amid the company’s surprise Nov. 20 announcement that Bob Iger would return as CEO, with the board ousting former chief exec Bob Chapek after less than three years. Iger has a mandate from Disney’s board “to set the strategic direction for renewed growth.”

In a memo to Disney staffers on Nov. 21, Iger said restructuring at the company will begin “in the coming weeks.” As part of that restructuring, Kareem Daniel, chairman of Disney Media and Entertainment Distribution, will leave the company.

In Disney’s 10-K filing Tuesday with the SEC, the company said “we anticipate that within the coming months Mr. Iger will initiate organizational and operating changes within the company to address the board’s goals.”

“While the plans are in early stages, changes in our structure and operations, including within DMED (and including possibly our distribution approach and the businesses/distribution platforms selected for the initial distribution of content), can be expected. The restructuring and change in business strategy, once determined, could result in impairment charges,” Disney said in the filing."

Disney Buys Out MLB’s Remaining 15% Stake in BAMTech Streaming Division for $900 Million

Disney paid $900 million to Major League Baseball to buy out the league's remaining 15% stake in BAMTech, the streaming technology group.

variety.com

That just proves the nhl is stupid. They sold their Stake for $0.50 on the $1

 

[Sirwalterraleigh]

Plus they need to face the fact that they can't sell phones forever. Try to buy one lately?

Jobs conquered the world with iPods and iPhones…but it was really the iTunes Store linking everything together that allowed the run on the bank…

Not only is tech not guaranteed…neither is the “glue”