Vegas Disney Fan
Well-Known Member
It has to be something they’re considering, they’re consolidating duplicate departments elsewhere, it would make sense.
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News Bob Iger outlines the need to transform the Walt Disney Company resulting in 7000 job losses and $5.5 billion in cost savings
- Thread starter wdwmagic
- Start date
TP2000
Well-Known Member
More details amid the layoff news today -
"Details are starting to emerge about the first wave of Disney layoffs. It involves a consolidation of production operations across Disney TV Studios, Hulu, Freeform and FX under Carol Turner and the shutdown of the studio operation’s Creative Acquisitions department.
Mark Levenstein, SVP Production for Hulu, and Jayne Bieber, SVP, Production Management & Operations for Freeform, are leaving as Turner, EVP and head of production for ABC Signature, is taking on an expanded role, with Network and Platform production for scripted television across Disney Entertainment getting consolidated under her. 20th Television EVP and head of production Nissa Diederich, and Nick Lombardo, SVP and head of production for FX, will now to report to her.
In her new role, Turner will report to Eric Schrier, Disney Television Studios & Global Original Television Strategy for Disney Entertainment.
Additionally, Elizabeth Newman, VP of Development who was based at 20th Television while overseeing Creative Acquisitions for Disney Television Studios, is leaving and the department will be dissolved. Its functions will be absorbed by the studios."
Full article below.
Disney General Entertainment Layoffs Include Mark Levenstein, Jayne Bieber & Elizabeth Newman As TV Production Gets Consolidated, IP Acquisitions Dissolved
Details are starting to emerge about the first wave of Disney layoffs.deadline.com
Thank you.
When I read stuff like that, the only thing that pops into my head is...
"Geez! How many highly paid executives does it take to make TV shows?!? And what do they do all day???"
At least it's going to be much easier to find a Tesla charging space in the Burbank parking lots tomorrow!
Sirwalterraleigh
Premium Member
…it will be far less messy when Bob tries to sell the farm to Bezos or cook
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tanc
Premium Member
Not a French joke, a legit question lol…pretty sure that’s a France joke, genius
Tha Realest
Well-Known Member
…it will be far less messy when Bob tries to sell the farm to Bezos or cook
News - Bob Iger is back! Chapek is out!!
From Bloomberg: Chapek’s parachute is est $23,000,000 plus potential options Also…Disneys biggest problem is likely China…they are way too dependent on it’s production and it’s crippling them. I know what you’re thinking…and we’re all right
“Okay, let me lay a marker: Bob Iger won’t be coming in to help find the next CEO. Bob Iger is going to be Disney’s last CEO.”
Casper Gutman
Well-Known Member
Yeah, it's almost as stupid as assuming you could make a hit franchise out of Guardians of the Galaxy, a new, D-list title - or, indeed, that you could base the most successful film in Hollywood history on B-level and lower characters like Iron Man and Cap, IPs Marvel controlled in the early 2000s only because they were so obscure and unbankable they couldn't give them away to any other studio in town.
Ant-Man was a significant stumble, largely because Marvel, very unusually for them, forgot what made the Ant-Man films work. We'll see if its the start of a trend or a bump in the road. I think the MCU has earned the benefit of the doubt.
Casper Gutman
Well-Known Member
Why do "American families no longer inherently trust to take their children to" Disney films, specifically?
Afford it? With people being slaves to debt some to maintain their above their means lifestyle like some of my neighbors and family , making minimum monthly payments
networkpro
Well-Known Member
- In the Parks
- Yes
So what's your opinion on the efficacy of Disney Entertainment market analysis on what would be profitable? Do thier target audience demographics have sufficient disposable income and the proclivity to spend it on a Disney offering rather than somewhere else ?
TWDC is worth $120B, Bezos net worth has slipped only worth currently $121B due to stock slipping and giving $35B to his ex in divorce settlement.…it will be far less messy when Bob tries to sell the farm to Bezos or cook
Hypothesis: they were a little too successful with Disney+. Why would the target audience pay extra for animation when they know it'll be streaming in a few months? Take the kids to Puss in Boots instead.
We'll see how well Wish, Little Mermaid, and that Pixar movie do.
Mr Mindcrime
Well-Known Member
Winner Winner, Chicken Dinner!
Sirwalterraleigh
Premium Member
Puss in boots was Better than the last 4 Disney animated movies and the last 3 marvel movies combined
Tha Realest
Well-Known Member
Yes and no. I do think the early subscriber numbers outpaced their projections, to be sure. Disney (and other studios) didn’t have great options in 2020 and most of 2021. I do think they diminished the event/“must see” aspect of their films by pushing them to streaming. I also feel the cycles of subscriber retention/staving off churn makes tv series or miniseries a more valuable investment than films. Other than the salad days of Netflix’s “throw everything at the screen and hope it sticks” era, few were tossing $175-$200M at a two hour movie in the hopes of attracting (and keeping) subscribers.
By some unverified metric, have the Covid-era Disney Animation and Pixar films been successful? Perhaps. But I just don’t think the numbers make sense to produce one film for $175-$200M for a streamer.
I also think all those films you listed are going to disappoint.
More details -
"Mickey Mouse has left the metaverse.
Walt Disney Co. has eliminated its next-generation storytelling and consumer experiences unit, the small division that was developing metaverse strategies, according to people familiar with the situation, as part of a broader restructuring that is expected to reduce head count by around 7,000 across the company over the next two months.
Headed by Mike White, a former Disney consumer-products executive, the division was tasked with finding ways to tell interactive stories in new technological formats using Disney’s extensive library of intellectual property, the people said.
All of the team’s roughly 50 members have lost their jobs, the people said. Mr. White remains at the company, although what his new role will be is unclear.
Mr. White couldn’t be reached for comment.
Disney’s former chief executive, Bob Chapek, hired Mr. White in February 2022, telling employees in an internal memo at the time that the goal was to “create an entirely new paradigm for how audiences experience and engage with our stories.”
Mr. Chapek, who was succeeded as CEO by Robert Iger in November, had described the metaverse as “the next great storytelling frontier.”
Plans for Disney’s metaverse strategy remained sketchy a year after the division was created, although the company had hinted that the new technology might have applications in fantasy sports, theme-park attractions and other consumer experiences.
Mr. White was also involved in an effort last year to design a membership initiative that in some ways resembled Amazon.com Inc.’s Prime program, which would integrate customer data across multiple Disney platforms, including streaming service Disney+, online retail operations and smartphone apps that visitors to Disney’s theme parks use to purchase food, merchandise and other products.
That effort has also been abandoned, according to people familiar with the matter."
Full article below.
WSJ News Exclusive | Disney Eliminates Its Metaverse Division as Part of Company’s Layoffs Plan
The elimination is part of a broader restructuring that is expected to reduce head count by around 7,000 across the company over the next two months.
www.wsj.com
Sirwalterraleigh
Premium Member
None of the economists on the planet have an answer for this…
…”strong am I with the force…but not that strong…”
And as we have said on many of these labor threads: the problem with this country, philosophy, state, Orlando…
…is that they gobble up any wages immediately in price gouging
…sorry…we’re currently calling it “inflation”
So upward mobility that generates better workforce and increases disneys profits and efficiency is sadly a unicorn
Sirwalterraleigh
Premium Member
Thank god…More details -
"Mickey Mouse has left the metaverse.
Walt Disney Co. has eliminated its next-generation storytelling and consumer experiences unit, the small division that was developing metaverse strategies, according to people familiar with the situation, as part of a broader restructuring that is expected to reduce head count by around 7,000 across the company over the next two months.
Headed by Mike White, a former Disney consumer-products executive, the division was tasked with finding ways to tell interactive stories in new technological formats using Disney’s extensive library of intellectual property, the people said.
All of the team’s roughly 50 members have lost their jobs, the people said. Mr. White remains at the company, although what his new role will be is unclear.
Mr. White couldn’t be reached for comment.
Disney’s former chief executive, Bob Chapek, hired Mr. White in February 2022, telling employees in an internal memo at the time that the goal was to “create an entirely new paradigm for how audiences experience and engage with our stories.”
Mr. Chapek, who was succeeded as CEO by Robert Iger in November, had described the metaverse as “the next great storytelling frontier.”
Plans for Disney’s metaverse strategy remained sketchy a year after the division was created, although the company had hinted that the new technology might have applications in fantasy sports, theme-park attractions and other consumer experiences.
Mr. White was also involved in an effort last year to design a membership initiative that in some ways resembled Amazon.com Inc.’s Prime program, which would integrate customer data across multiple Disney platforms, including streaming service Disney+, online retail operations and smartphone apps that visitors to Disney’s theme parks use to purchase food, merchandise and other products.
That effort has also been abandoned, according to people familiar with the matter."
Full article below.
WSJ News Exclusive | Disney Eliminates Its Metaverse Division as Part of Company’s Layoffs Plan
The elimination is part of a broader restructuring that is expected to reduce head count by around 7,000 across the company over the next two months.
What a stupid, DOA nonsense concept that was.
You know what they should do?
Build rides and sell better stuff on shop Disney.
“If it ain’t broke, Walt…”
Sirwalterraleigh
Premium Member
They are really pumping the tires of the little mermaid
And the cyber world is gonna overreact no matter what it does
Hail Iger!