schneeland
Hero
It seems, Hulu's fate is now officially sealed - it's full assimilation into the mouse collective has just been confirmed: The Walt Disney Company to Purchase Remaining Stake in Hulu from Comcast .
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GreyLord
Legend
You load 16 tons, what do you get?
Another day older and deeper in debt
Henadic Theologian
Legend
I'm on team Peltz, Igor & his team has turned everything at Disney into a disaster, Pirates of the Caribbean is dead, they stopped making new Disney classic cartoons, and instead started making live action remakes, then ruined that too. Star Wars is a disaster (kind of happy that better Sci fi series does have to play second fiddle to it now), Indiana Jones is just wrecked (Relic Hunter was bettered , but I liked the hat and whip and Harrison Ford as an actor), I liked Willow but I appear to be the only person who did, and Marvel shoved aside the popular characters who ones whose comics consistently failed. They lost James Gunn so they can't even turn to GotG now. The parks only seem to cater to the whales now.
This is not sustainable, if this keeps up, more regular Joe's who work at Disney will lose their jobs through no fault of their own.
New leadership is needed.
This is not sustainable, if this keeps up, more regular Joe's who work at Disney will lose their jobs through no fault of their own.
New leadership is needed.
aco175
Legend
Wasn't Igor brought in to be the new (old) leadership to fix the problem. Not sure he can get the Titanic off the iceberg though.
Snarf Zagyg
Notorious Liquefactionist
So a few things to update this thread (since, as I wrote earlier, I am going to discontinue this series).
A. Disney has announced that they will be exercising the option. This just starts the process. Which means two things- first, the actual purchase of Hulu will not take place until sometime next year- and not at the beginning of the year. Second, the price announced is NOT the price that will be paid; it is the floor price for the option. What is going to happen now is that there will be an evaluation of what the FMV of Hulu would be (which is a process that will involve two, or three if there is a large difference of opinions, neutral appraisers), and Disney will pay that price. No one is sure what the final FMV of Hulu will be, but it will almost certainly be higher than the option floor that was announced. Whether that means Disney has to shell out 10 billion, or 15 billion, or maybe even more ... we don't know yet.
B. No one who cares about Disney should be in favor of what Peltz is doing. Peltz is in cahoots with Ike Perlmutter. If you know anything about what is going on, you don't want the Peltz/Perlmutter attack to gain any traction. The prior cuts by Iger were because of the prior proxy battle of Peltz, and Peltz's desire is not to restore Disney's greatness, but to increase the share price through drastic cutbacks and selling off core assets. Moreover, if you're familiar with Perlmutter, you might not be particularly happy to see his re-emergence.
Disney is in a rough period right now for a lot of reasons, most of them dealing with the transition to streaming at the exact same time that Wall Street decided to reverse course on its valuation of streaming services. But Iger, at least, has always had a vision for Disney ... and many of the recent missteps can be traced back to some disastrous decisions of the Chapek era that are still being unwound.
trappedslider
Legend
Correct me if I'm wrong (which I'm 90% sure I am) but doesn't the sell also need government approval?
Snarf Zagyg
Notorious Liquefactionist
So, weirdly the position that Comcast is in is because of a prior consent decree with the government when Comcast gobbled up NBC/Universal- in effect, Comcast was prohibited from exercising rights w/r/t Hulu as part of that deal.
For this deal, we are discussing an entity which is already mostly integrated into Disney, that Disney already owns 2/3 of, in a field with multiple competitors. It is unlikely to face the scrutiny that we would expect if, say, Netflix was to try and purchase Warner (Max).
trappedslider
Legend
Oh okay that makes sense then.
Speaking more broadly on the topic of buying companies, now that MS is
Ruin Explorer
Legend
I feel like it's a long time since I was actually impressed by a Netflix series, and I cancelled the service recently, so I'm not really sure about their position here. They seem to be really reliant on first-mover advantage and being more worldwide than most, but I dunno man, I feel like unless they change their days are numbered. Nobody likes them any more because they destroyed all good will towards them, and I suspect in much of the English-speaking world, they're like, one six month period of "bleh" shows away from mass unsubscription.
You want to hear something truly sick and wrong? I've watched more BBC shows on iPlayer than Netflix shows in the last couple of years. That's messed up, when the broadcaster of one dodgy little nation and broadcaster I don't like a whole lot is getting me to watch it more than Netflix!
Ruin Explorer
Legend
For me, without kids, D+ is very easy to unsubscribe from for long periods of time, I've found. I think it gets maybe two months a year for me. I don't think I'd ever sub to it again for an "unfinished" show - i.e. one I couldn't watch all of a season of, except Andor S2, which I would.
Prime is a weird one, because a lot of what they have not good, but when they have good stuff, it's very, very good, and much better than anything on D+ or Netflix, frankly.
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