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Disney has also invested in Draftings and is the reason why they changed their anti gambling stance. I am no longer a Disney fan, considering their influence o

by mgh2 5y ago

Disney has also invested in Draftings and is the reason why they changed their anti gambling stance. I am no longer a Disney fan, considering their influence on children and families https://www.lineups.com/betting/how-disney-became-a-part-owner-in-draftkings-what-next/ https://www.lineups.com/betting/how-disney-became-a-part-own... Note: I can't blame them after their resorts closed due to COVID, they were pressured by investors to ramp up profit - ex: canceling stock dividends, investing heavily in Disney+ content, get into sports gambling. But being so close to children (family values), having their corporate values corrupted was a big disappointment.

echelon 5y ago
I'm surprised Disney has been allowed to buy up so many media companies. They control the box office, have a major interest in sports and news, and seem to have an appetite for more.
- mgh2 5y ago
  Disney's main revenue sources: https://www.statista.com/statistics/193140/revenue-of-the-walt-disney-company-by-operating-segment/ https://www.statista.com/statistics/193140/revenue-of-the-wa... I might also add their growing influence on advertising, by leveraging these media channels https://variety.com/2021/tv/news/disney-wraps-upfront-tv-advertising-streaming-1234996146/ https://variety.com/2021/tv/news/disney-wraps-upfront-tv-adv... Everyone smells money on this industry and is trying to capture market share (ex: Microsoft Bing and Amazon Search). Disney might not be that different than Google after all, except for targeting a different demographic (closer to Facebook) - making it more disturbing.
- deleted 5y ago
  [deleted]
cwkoss 5y ago
I haven't been a disney fan for a while, because their lobbyists are arguably the primary reason copyright terms have been extended to such absurd lengths: they want complete control of the mouse. Steamboat Willie was created in 1928. It won't enter public domain until 2024 (assuming Disney isn't successful in extending copyright yet again...) Disney raided the public domain to build it's animated films empire, then pulled up the drawbridge to the magic kingdom behind themselves.
- vmception 5y ago
  Disney isn’t pursuing copyright extensions again, specifically because people noticed. How does that make you feel?
  - adamrezich 5y ago
    "I'll believe it when I see it"
  - cwkoss 5y ago
    Cautiously optimistic
    - vmception 5y ago
      That their behavior is tied to people noticing what they're up to?
      - pjc50 5y ago
        Isn't that true of a lot of people and companies?
        moate 5y ago
        Yea, just not the ones we should want to support. Accepting that there are bad actors and actively supporting them are 2 different activities.
      - cwkoss 5y ago
        I am skeptical that they won't push for additional extensions, but will be happy if they don't.
  - fedreserved 5y ago
    Steam boat willy doesn't bring in any $$$. When one of the early classics that still sells (Bambi, snow white, etc) comes up please believe an extension is right around the corner
erhk 5y ago
I would never allow myself to trust in a publicly traded company to uphold any values.
- mgh2 5y ago
  Does being public necessarily lead to wrong incentivizes?
  - pjc50 5y ago
    It leads to only one incentive: maximize the stock price. Everything else, good and bad, flows from there.
    - mgh2 5y ago
      Depends on how they do it, that is the point. If a company chooses to rise its stock price by buybacks, shady business practices (SPACs, ads) and covering with PR, or investing in R&D to create real value.
      - asdff 5y ago
        In a world where not being evil is considered "leaving money on the table," I have little faith that there are many that don't resort to these practices.
- rodgerd 5y ago
  The Values of the Carphone Warehouse: https://www.youtube.com/watch?v=W2firijxQOo https://www.youtube.com/watch?v=W2firijxQOo
mgh2 5y ago
* this comment is at risk of offending some Disney fans
AlexandrB 5y ago
Forget mere investments, there are several Disney-property games on the App Store right now that include gambling mechanics. The sooner this stuff gets the same regulatory treatment as traditional gambling the better.
yowlingcat 5y ago
When were their corporate values not corrupted? Walt Disney was a Nazi sympathizer [1] in manners that seem a lot less family friendly than a token investment from one entertainment company into another. I agree with you that it's still not a great look for a supposedly family friendly company to do. What I question is whether it ever was very family friendly to begin with rather than simply family targeted. [1] https://www.pastemagazine.com/politics/walt-disney/walt-the-quasi-nazi-the-fascist-history-of-disney/ https://www.pastemagazine.com/politics/walt-disney/walt-the-...
danielmarkbruce 5y ago
There is the Disney brand and the Disney company. They aren't really the same thing. Disney the company owns ESPN, for example. They have TV stations, radio stations, all kinds of things which you wouldn't associate with the Disney brand. I highly doubt they intend to pollute children/families with sports betting. They intend to use it for their sports businesses like ESPN.
- mgh2 5y ago
  A company creates the brand: without company values, brand (public perception) is nothing. Do you think upper management won’t have a say in all its brand constituents? Disney can brew an entire generation of children values with its animation movies, then upsell them when they become adults- in fact that is Disney+’s strategy. https://insidethemagic.net/2020/11/disney-plus-star-mature-content-rwb1/ https://insidethemagic.net/2020/11/disney-plus-star-mature-c...
  - danielmarkbruce 5y ago
    Your points may be valid. I was making a different point - there is a legal entity at the top which is really just a holding company akin to Berkshire Hathaway. Inside that entity there are a number of completely different businesses. Disney (the thing humans think of when you say Disney) is one of them. ESPN is another. ABC is another. You can see an overview here: https://en.wikipedia.org/wiki/The_Walt_Disney_Company https://en.wikipedia.org/wiki/The_Walt_Disney_Company Some of them broadly work together strategically. Some do not.

by mgh2 5y ago

echelon 5y ago

I'm surprised Disney has been allowed to buy up so many media companies. They control the box office, have a major interest in sports and news, and seem to have an appetite for more.

mgh2 5y ago
Disney's main revenue sources: https://www.statista.com/statistics/193140/revenue-of-the-walt-disney-company-by-operating-segment/ https://www.statista.com/statistics/193140/revenue-of-the-wa... I might also add their growing influence on advertising, by leveraging these media channels https://variety.com/2021/tv/news/disney-wraps-upfront-tv-advertising-streaming-1234996146/ https://variety.com/2021/tv/news/disney-wraps-upfront-tv-adv... Everyone smells money on this industry and is trying to capture market share (ex: Microsoft Bing and Amazon Search). Disney might not be that different than Google after all, except for targeting a different demographic (closer to Facebook) - making it more disturbing.
deleted 5y ago
[deleted]

cwkoss 5y ago

I haven't been a disney fan for a while, because their lobbyists are arguably the primary reason copyright terms have been extended to such absurd lengths: they want complete control of the mouse. Steamboat Willie was created in 1928. It won't enter public domain until 2024 (assuming Disney isn't successful in extending copyright yet again...) Disney raided the public domain to build it's animated films empire, then pulled up the drawbridge to the magic kingdom behind themselves.

vmception 5y ago
Disney isn’t pursuing copyright extensions again, specifically because people noticed. How does that make you feel?
- adamrezich 5y ago
  "I'll believe it when I see it"
- cwkoss 5y ago
  Cautiously optimistic
  - vmception 5y ago
    That their behavior is tied to people noticing what they're up to?
    - pjc50 5y ago
      Isn't that true of a lot of people and companies?
      - moate 5y ago
        Yea, just not the ones we should want to support. Accepting that there are bad actors and actively supporting them are 2 different activities.
    - cwkoss 5y ago
      I am skeptical that they won't push for additional extensions, but will be happy if they don't.
- fedreserved 5y ago
  Steam boat willy doesn't bring in any $$$. When one of the early classics that still sells (Bambi, snow white, etc) comes up please believe an extension is right around the corner

erhk 5y ago

I would never allow myself to trust in a publicly traded company to uphold any values.

mgh2 5y ago
Does being public necessarily lead to wrong incentivizes?
- pjc50 5y ago
  It leads to only one incentive: maximize the stock price. Everything else, good and bad, flows from there.
  - mgh2 5y ago
    Depends on how they do it, that is the point. If a company chooses to rise its stock price by buybacks, shady business practices (SPACs, ads) and covering with PR, or investing in R&D to create real value.
    - asdff 5y ago
      In a world where not being evil is considered "leaving money on the table," I have little faith that there are many that don't resort to these practices.
rodgerd 5y ago
The Values of the Carphone Warehouse: https://www.youtube.com/watch?v=W2firijxQOo https://www.youtube.com/watch?v=W2firijxQOo

mgh2 5y ago

* this comment is at risk of offending some Disney fans

AlexandrB 5y ago

Forget mere investments, there are several Disney-property games on the App Store right now that include gambling mechanics. The sooner this stuff gets the same regulatory treatment as traditional gambling the better.

yowlingcat 5y ago

When were their corporate values not corrupted? Walt Disney was a Nazi sympathizer [1] in manners that seem a lot less family friendly than a token investment from one entertainment company into another. I agree with you that it's still not a great look for a supposedly family friendly company to do. What I question is whether it ever was very family friendly to begin with rather than simply family targeted. [1] https://www.pastemagazine.com/politics/walt-disney/walt-the-quasi-nazi-the-fascist-history-of-disney/ https://www.pastemagazine.com/politics/walt-disney/walt-the-...

danielmarkbruce 5y ago

There is the Disney brand and the Disney company. They aren't really the same thing. Disney the company owns ESPN, for example. They have TV stations, radio stations, all kinds of things which you wouldn't associate with the Disney brand. I highly doubt they intend to pollute children/families with sports betting. They intend to use it for their sports businesses like ESPN.

mgh2 5y ago
A company creates the brand: without company values, brand (public perception) is nothing. Do you think upper management won’t have a say in all its brand constituents? Disney can brew an entire generation of children values with its animation movies, then upsell them when they become adults- in fact that is Disney+’s strategy. https://insidethemagic.net/2020/11/disney-plus-star-mature-content-rwb1/ https://insidethemagic.net/2020/11/disney-plus-star-mature-c...
- danielmarkbruce 5y ago
  Your points may be valid. I was making a different point - there is a legal entity at the top which is really just a holding company akin to Berkshire Hathaway. Inside that entity there are a number of completely different businesses. Disney (the thing humans think of when you say Disney) is one of them. ESPN is another. ABC is another. You can see an overview here: https://en.wikipedia.org/wiki/The_Walt_Disney_Company https://en.wikipedia.org/wiki/The_Walt_Disney_Company Some of them broadly work together strategically. Some do not.