News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings

Rich Brownn

Well-Known Member
When have sequels been expected to make less than the film before it? I need to see some evidence of this.

You don’t get participation trophies when you’re a tent pole film with a budget around $200M plus another $100M marketing cost. To wit: https://variety.com/2023/film/news/ant-man-3-box-office-flop-marvel-disney-1235564875/
Generally sequels do less than a previous film - not a hardfast rule, but it's the norm. Even "Godfather II" grossed half of what the original did. But when a film takes in a lot (and I mean a lot) of dough, a sequel can still be a smash hit even with the reduced B.O.
 

Indy_UK

Well-Known Member
Least it seems these cuts so far are more focused on ears that don’t make sense. The Metaverse group and the now this Marvel part which I didn’t think was even still going.

I imagine Iger has decided already whether they are planning to keep Hulu or not because if they aren’t, I can imagine that group to be massively cut down before selling to Comcast.
 

Rich Brownn

Well-Known Member
I'm happy to go to the movies and pay the price, as long as the show is worth it. This was easy back in the day. Going to see Midway or Earthquake premiers with Sensurround (tuned subwoofers to make you feel the explosions). Seeing Jurassic Park for the first time on the big screen (and being terribly disappointed when it came on TV). Stuff like that. OTOH, I've waited to see something show up on TV 'cause I knew after watching a trailer I wouldn't want to pay theater money (way too many to list).

But I think this talk of theaters failing is premature. Remember vinyl? Not saying it's the best business investment right now but when a good movie comes along, the big screen will always be better. Now, whether Disney can address their issues to take advantage of theatrical releases is another story.
I remember seeing Earthquake at the Ziegfeld in NYC (sigh); even more impressive was seeing "2001" being projected on a massive Cinerama screen at Loew's Capitol in the city. But the rise of the multiplex did big screen formats in. (And don't even mention IMAX, which now is simply a digital projection on an overside screen - or worse, a screen simply moved closer to seats). I even got a chance to see "How The West Was Won" in the original 3-strip Cinerama and now I understand why people paid the equivalent of $50 for a seat.
 

erasure fan1

Well-Known Member
I actually think it will do better than recent because the MCU appears to be in trouble and some to the more casual fans who have strayed may show up out of some nostalgia

Just a hunch though
I would agree with this as well. My wife wasn't really interested in much from phase 4 but is really excited for Guardians. That seems to be a common sentiment in my world circle.
 

Sirwalterraleigh

Premium Member
You must be ancient as I'm no spring chicken.
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Casper Gutman

Well-Known Member
Theaters have been "dying" since 2003 right after attendance peaked in 2002.
Theaters have been “dying” since about 1948. What you have now are a bunch of very powerful CEOs and execs completely convinced of their own timeless genius, completely immersed in bubbles of arrogant groupthink, and completely ignorant of the specific history of there industry.

PS: Rich beat me bad! Sorry for the repetition.
 

Sirwalterraleigh

Premium Member
Theaters have been “dying” since about 1948. What you have now are a bunch of very powerful CEOs and execs completely convinced of their own timeless genius, completely immersed in bubbles of arrogant groupthink, and completely ignorant of the specific history of there industry.

PS: Rich beat me bad! Sorry for the repetition.
That’s not true because the technology and ease of delivery has advanced so rapidly it has finally changed the audience with it.

I know they said a 12” screen was gonna kill the movies in 1955…but it’s a different set of parameters now
 

Sirwalterraleigh

Premium Member
These layoffs are terrible…

But…

If you are bemoaning Permutter being fired, you aren’t a comic fan or a fan of the MCU.

Guy tried to kill the Fantastic Four out of spite. That’s the equivalent of Iger halting all use of Mickey because he’s having a tantrum.
…If one guy on wall would praise him…keep your eyes on it 😎
 

Casper Gutman

Well-Known Member
That’s not true because the technology and ease of delivery has advanced so rapidly it has finally changed the audience with it.

I know they said a 12” screen was gonna kill the movies in 1955…but it’s a different set of parameters now
You’re grossly, massively oversimplifying the forces arrayed against cinemas in the 50s and onward.

The absolute conviction that theaters were done due to streaming and the pandemic is one of the most arrogant, ahistorical, idiotic conceits in business history.
 

BaconPancakes

Well-Known Member
You’re grossly, massively oversimplifying the forces arrayed against cinemas in the 50s and onward.

The absolute conviction that theaters were done due to streaming and the pandemic is one of the most arrogant, ahistorical, idiotic conceits in business history.
You'll be in for quite a shock come 5 to 10 years...
 

Casper Gutman

Well-Known Member
You'll be in for quite a shock come 5 to 10 years...
Sure, a multi-year once-in-a-century pandemic didn’t kill them, but now that that’s over and the entire streaming model is in complete ruins… NOW the over-one-hundred-year-old institution of theaters is in REAL trouble.

Look, the fact that you have a big TV and nice couch doesn’t negate financial and cultural trends or a century of consumer behavior.
 

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