and she sits on the board at P&G which seems like quite the coincidence. Got a new contract the second Susan Arnold become chairwoman. Did any of you ever watch "The Mole" on ABC?This is almost too perfect.
Say what you want about Chapek the stooge, but Cruella McCarthy is truly the source of rot and wretchedness within the walls of The Walt Disney Company.
I noticed that too…This is almost too perfect.
Say what you want about Chapek the stooge, but Cruella McCarthy is truly the source of rot and wretchedness within the walls of The Walt Disney Company.
Of course they would talk to those freaks. McKinsey ruins everything they touch.“Walt Disney Co. was working with consulting firm McKinsey & Co. in recent months on an effort to centralize control of major spending decisions, triggering an uproar from top creative executives at the entertainment giant, according to people familiar with the matter.
Discussions regarding the plan were under way in the weeks leading up to Nov. 20, when Disney’s board of directors fired Bob Chapek as chief executive and replaced him with his predecessor, Robert Iger.
Disney’s Chief Financial Officer Christine McCarthyspearheaded the wide-ranging cost-cutting effort, which was blessed by Disney’s board of directors and given the go-ahead by Mr. Chapek, the people said.
The company hired McKinsey in September to review Disney’s operations and identify redundancies and cost-saving opportunities. The McKinsey team quickly set about interviewing senior executives as part of its review, with a particular focus on how Disney marketed its content, the people familiar with the matter said.
One potential change McKinsey was exploring was taking decisions about spending on marketing and publicity for films and television programs out of the hands of studio executives and instead centralizing them in another part of the company, the people said.
Disney itself had already considered shifting oversight of marketing spending to Disney Media and Entertainment Distribution, or DMED, some of the people familiar said. Led by executive Kareem Daniel, a top lieutenant of Mr. Chapek, that division already had considerable influence over content.
In addition to recommending restructuring related to content decisions, McKinsey had also suggested consolidating tasks related to hiring, communications and legal services, some of the people familiar with the matter said.
The plans that were emerging rankled some of the entertainment company’s top content executives, already reeling from losing power over spending decisions on content, and became one of several points that exposed a further rift between the creative and corporate leadership of the company during Mr. Chapek’s brief reign as CEO. Some executives told colleagues they felt that the changes would strip them of nearly all of their power, people familiar with the situation said.”
“The McKinsey plans weren’t completed, and it isn’t clear whether Mr. Iger will implement any of the consultants’ recommendations, according to people familiar with the situation.”
Full article -
WSJ News Exclusive | Disney Proposal to Restructure, on McKinsey’s Advice, Triggered Uproar From Creative Executives
Tension flared over plans to take control of marketing and other decisions away from content chiefs at Disney.www.wsj.com
I loved his use of overlapping dialog back in the day.
It all stems back to the conglomerates in Hollywood becoming 100% risk averse. Way too meant petals on that onion to peel them all today
Exactly! More studios are going out of the box on what CGI can do. Sony had the comic book styled "Spiderverse". Blue Sky had the cartoony "Peanuts". Even Dreamworks is going to have the Puss n Boots movie that looks unlike anything I've seen from that studio.
I’m coming in the middle of this conversation but my family and I saw Jaws in 3D on the big screen a couple of months ago and we all agreed that it was the best version of jaws that we’ve ever seen. All the little details really stood out and even though I’ve seen the film more times than I can count I was seeing new things I had never noticed.
My thoughts exactly, and the version I watched was the 3D version.
Question is the reason behind the customer engagement. Is it simply to increase profitability or increasing profitability as it is packaged up for sale?
Isn’t this what Disney has done with their “Premier Access” films like Black Widow, Jungle Cruise, and the live-action Mulan? I think those were priced at $35?
During Covid they did that. Since theaters have been back open they haven't. That's what they should be doing now. It should be theatre for a month, available for $35 on streaming 3 months after it's been released and 6 months to a year for it to be included on Streaming. IMO they would make more money on the movies doing it that way then what they are doing now.
We were talking about The Walt Disney Company and why Disney is focusing less on theatricals releases and more on streaming. I said the reason what because “cinemas are not the future” and then people got upset.
I’ve seen a Broadway play in Tulsa!
I am sorry about your business. As a former independent bookstore owner, I can sort of relate.
Disney+ allows them to stream different versions/modifications of a film to different markets.
So you think the way forward for Disney is to re-release all their hit films in theaters?
The way forward is data. Disney+ isn’t the product, subscribers are.
I assume you believe someone that told you that…so…cool dude…rock on
