Disney could sell Lucasfilm ?
- Thread starter bwayne64
- Start date
IMO that is not specific to Wokeness or Hollywood. It's a common irrational trait across the corporate world. NASCAR, Harley-Davidson, pro sports, etc.
They want new customers from trendy demographics at ANY cost. They don't care if it means pissing off existing customers at a 50-to-1 ratio.
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People are so cute when they actually think Disney is going to crash, burn, and go away. They may make missteps. They may piss off a whole group of people who think they went “woke”. They may be boycotted by said group(s). But, they aren’t going away. They might get hurt a little financially in a few select areas, but they make more money in all other areas that they will be just fine. They will be here long after we are all gone, and we are all finished complaining.
VanPersie
Well-Known Member
Yeah but haven't you heard that pithy remark about going broke. It's been said so often that it must be true right? Right?....
But…but the all-seeing / all-knowing collective Nostradamuses on YouTube have foretold that it’s crumbling down…
Disney is healthy except when they try to be Disney. They are a media company that isn't good at doing media, that's all.
As long as they don't try to use their billions of dollars of IP assets to run theme parks, or make TV/movies, or sell toys, they do okay.
This sounds fine. No prob. This is totally not a sick company that's coasting downhill and surviving this long on the inertia of its sheer size/value.
As long as they don't try to use their billions of dollars of IP assets to run theme parks, or make TV/movies, or sell toys, they do okay.
This sounds fine. No prob. This is totally not a sick company that's coasting downhill and surviving this long on the inertia of its sheer size/value.
Well I'm sure they will be fine after everyone and their kids who remembers old Disney/Lucasfilm dies because they won't know any different. I don't think Disney is going to go under, but their movies are not making as much money and their parks are starting to feel it. Eventually some adults are going to have to take over and get it back on track.
Imagine if the Statue of Liberty was owned/opped by a private company. That company might mis-manage its way out of business in the wrong hands. But they aren't gonna tear down the statue itself and sell it for scrap metal. It's obvious to everyone that the statue is way more valuable if it's intact. When the company's financial smoke clears, that statue is still gonna be perched on that island. It's still gonna be covered in tourists. The paperwork and people in charge of it will have changed.
The Disney name, the mouse, the duck, the theme parks, the old movie catalog . . . that stuff is not in any danger of being thrown in a landfill. But the parent company is in trouble right now. It got in trouble because they've had incompetent management for many years. The incompetence has seeped into many levels of the company. Their problems are not minor and they won't be fixed overnight.
And bear in mind - Disney has serious PR/marketing/propaganda chops. Connections in the media. Etc. The MSM doesn't just speak freely about them as a general rule. No doubt Disney has been using those muscles to downplay how much trouble the company is really in. Like, for years already.
The Disney name, the mouse, the duck, the theme parks, the old movie catalog . . . that stuff is not in any danger of being thrown in a landfill. But the parent company is in trouble right now. It got in trouble because they've had incompetent management for many years. The incompetence has seeped into many levels of the company. Their problems are not minor and they won't be fixed overnight.
And bear in mind - Disney has serious PR/marketing/propaganda chops. Connections in the media. Etc. The MSM doesn't just speak freely about them as a general rule. No doubt Disney has been using those muscles to downplay how much trouble the company is really in. Like, for years already.
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VanPersie
Well-Known Member
Is that why their operating income, net income, total assets and total equity were all up last year? Sounds like financial oblivian calling…
How many of you here want Disney to sell Lucasfilm and how many of those want George to buy it back? A follow on question would be how many of you were thrilled when George sold it to Disney because you couldn't stand what he had done to YOUR franchise?
Frankly I don't really care if Disney sells it off and if so who buys it. Someone will complain about it no matter what.
Frankly I don't really care if Disney sells it off and if so who buys it. Someone will complain about it no matter what.
It's easy to juggle digits on computer screens (especially with currency inflation going on in the broader economy). It's hard to do tangible things like sell movie tickets and pack theme parks.
All their big movies are bombing, their parks are half empty, and their CEO is talking about selling off pieces of the company. They are not healthy.
BTW Disney's stock price has fallen in half, steadily, during the last two years.
Cephus
Master Member
George doesn't want it. He's retired. It's why he sold it in the first place.
Years ago I was cautiously optimistic when the sale was announced, though like most fans I was shocked that they were making more Star Wars films at all when they announced 7, 8, and 9. We'd been told for about a decade, factoring in the press interviews during the production of Ep. 2 until 2012, that the series would end with Episode 3 and George was pretty adamant about it. I wasn't wild about the Prequels but I'd come to terms with them and I figured the series would live on like it did in the late 80's through '97, as comics, novels, games, etc. For all intents and purposes, Star Wars was officially over. Then suddenly in late 2012, it wasn't. No one saw that coming.
At this point so much has happened both in the real world and with the narrative/ image of Lucasfilm that it really doesn't matter to me if it gets sold or they keep it. I'm only interested in this whole thing as a case study on business, film narrative, and culture. Ultimately it's relevance to movies as an artform is what fascinates me because we're seeing industry wide shifts that leaves so much uncertainty in their wake. That doesn't necessarily have to be bad though. What is clear is that general audiences are craving novelty and I think we can all benefit from it because Hollywood will follow the money wherever it leads. Hopefully that will convince them to pursue things other than this dying franchise model that's kept them creatively inhibited for decades.
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IMO the franchise model is overused but it probably isn't dying. The core reason for using franchises is still too valid. Remaking an existing IP provides a big leg-up for marketing and it's a hedge against severe bombing.
'Dial of Destiny' is being called a severe bomb because it made $300m? Whatever. There are theatrical movies that make $12m. 'Dial' just looks bad because they dumped a stupid amount of money into the production & marketing. It didn't seem stupid to them at the time because Hollywood has gotten used to overspending on tentpole movies and getting away with it.
Let's just hope Hollywood takes the right lessons from it. I wouldn't bet on it though.
Cephus
Master Member
Wouldn't be surprised.
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