Yes! The P/E is still high, and the 60B comes out of the E. This announcement will make the co more valuable in 5-10 years, just not right now.
Where did I say otherwise?
Except for the movies I guess.
They’re not happy with this summer’s numbers…
Yeah - and Marvels 2 is going to be another slap in the face. Good luck even breaking even on that $300 million mistake.
These Marvel projects are way too expensive. It’s one thing when it’s a superhero tour-de-force like Endgame, but every random project shouldn’t cost $500 million with marketing.
If its done right, why not. I rather enjoy strolling through EPCOT during F&G or F&W. And it makes a trip less stressful. However, I don't think any of the other parks are setup for it.
Festivals, no, but I do wonder if there will be a bigger push for non-ride entertainment geared towards adults. That would seem to be a win for everyone as it makes money for the parks and creates people-eaters for those who like rides and want shorter waits.
Just a reminder that disney includes producer's salaries in their production budgets which other studios do not. They already confirmed that Elemental has made a profit, but those that try to use these hard formulas to determine if a movie made a profit don't understand why. The two biggest reasons is disney including things like producers salaries, and disney getting a larger share of theater profit then other studios.
Yes, both Elemental and The Little Mermaid made money but not at the level Disney expected. They got accustomed to all those $1 billion earners pre-pandemic.
Do you have a source for this information?
Pixar's president Jim Morris back in August when asked if Elemental will be profitable.
I have little reason to doubt Elemental worked its way to profitability. But the idea that Disney is the lone studio that eschews “Hollywood accounting” is a new one, and belied by this lawsuit from one of its producing partners:
www.cnbc.com
Later in the same interview Jim Morris talked about the very fact that they include produer's salaries in the production budgets while other studios do not.I have little reason to doubt Elemental worked its way to profitability. But the idea that Disney is the lone studio that eschews “Hollywood accounting” is a new one, and belied by this lawsuit from one of its producing partners:
Disney accused of withholding hundreds of millions of dollars from 'Avatar' sequel financier
Disney has been accused of withholding profits from TSG Entertainment, a long-time financing partner of its 20th Century Fox studio.
He doesn't say that producers aren't in it, he says they have to include all executives in their budgets since that is all their company does, and that sometimes others don't do that (note sometimes, not that they are the only ones). That also doesn't mean that the Little Mermaid has the same things going on, he's talking specifically about Pixar.
