5 ms·

Disney is the last standing Old Media company. All other Media and Entertainment companies are either owned by Comcast/AT&T or are Tech companies (netflix, am

by ydg6 3y ago

Disney is the last standing Old Media company. All other Media and Entertainment companies are either owned by Comcast/AT&T or are Tech companies (netflix, amazon,apple,sony,youtube,tiktokk) that have carved out a chunk of the media and entertainment sector. Disney is basically on the back foot here, at a time when the attention economy is wrecking chaotic unpredictable havoc on the the media sector.They had to do something cause shareholder revolt has been brewing for a while.

lotsofpulp 3y ago
ATT sold its media business to Discovery, which is now Warner Bros Discovery, which is old media. Also, there is still Paramount. Sony Pictures started in 1987, so that should qualify as old media too. And there is also Lionsgate. Disney is by far the biggest and most relevant, though.
- WorldMaker 3y ago
  Given how much the Discovery arm seems to be in control, Warner Bros Discovery may be "new media" in old media clothing. Skydance is trying to buy National Amusements to take over Paramount and arguably be a similar new media in old media clothing if that deal goes through. > Sony Pictures started in 1987, so that should qualify as old media too. I know objective that's almost 40 years ago and probably does qualify for old, but that still seems too recent in Hollywood Empires. But Sony Pictures also has the advantage it bought truly old media Columbia/TriStar and didn't seem to kill them and kind of left them to continue to do their thing, so maybe Sony gets more of a pass too. > And there is also Lionsgate. Lionsgate was formed in 1997. Maybe you are thinking about MGM (and its famous Lion logo), which Amazon has been trying not to kill since it acquired that ancient studio brand, but also is very much appearing to be Amazon still being Amazon just wearing that brand (which was on life support or already a zombie when purchased) like a skin at this point?
Staple_Diet 3y ago
Really? I thought Disney was doing well. Their subscription service is only behind Netflix and Amazon, the latter of which includes its service in Prime so is not an equal competitor. Further, their ownership of Marvel has provided them some of the largest grossing films of all time, and their Star Wars acquisition seems to be paying off. The parks seem to be quite strong, but I've only experienced the Japan ones. Overall I find it difficult, from a layman's perspective, to believe Disney is in trouble but welcome any other information.
- lotsofpulp 3y ago
  See their net income and profit margin trends: https://www.macrotrends.net/stocks/charts/DIS/disney/net-income https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc... https://www.macrotrends.net/stocks/charts/DIS/disney/profit-margins https://www.macrotrends.net/stocks/charts/DIS/disney/profit-... Doesn’t look so hot for the last 4 or 5 years. They went from earning near $10B per year to less than $3B per year.
  - Rexxar 3y ago
    If you ignore the Covid drop, the trend change seems to start in 2019 when they bought Century Fox.
    - lotsofpulp 3y ago
      I’m not sure what the exact cause is, but for some reason, they lose billions on streaming (page 24): https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23_Earnings_Presentation.pdf https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23...
      - nonethewiser 3y ago
        Because they give lots of subscriptions away for free and the paying customers are paying a subsidized price. All so Disney can increase market share. This is why you cant just point to subscriber count as a success indicator.
      - bombcar 3y ago
        How much of this is real losses and how much is accounting tricks by licensing content from themselves?
        deleted 3y ago
        [deleted]
        lotsofpulp 3y ago
KptMarchewa 3y ago
Paramount?

by ydg6 3y ago

lotsofpulp 3y ago

ATT sold its media business to Discovery, which is now Warner Bros Discovery, which is old media. Also, there is still Paramount. Sony Pictures started in 1987, so that should qualify as old media too. And there is also Lionsgate. Disney is by far the biggest and most relevant, though.

WorldMaker 3y ago
Given how much the Discovery arm seems to be in control, Warner Bros Discovery may be "new media" in old media clothing. Skydance is trying to buy National Amusements to take over Paramount and arguably be a similar new media in old media clothing if that deal goes through. > Sony Pictures started in 1987, so that should qualify as old media too. I know objective that's almost 40 years ago and probably does qualify for old, but that still seems too recent in Hollywood Empires. But Sony Pictures also has the advantage it bought truly old media Columbia/TriStar and didn't seem to kill them and kind of left them to continue to do their thing, so maybe Sony gets more of a pass too. > And there is also Lionsgate. Lionsgate was formed in 1997. Maybe you are thinking about MGM (and its famous Lion logo), which Amazon has been trying not to kill since it acquired that ancient studio brand, but also is very much appearing to be Amazon still being Amazon just wearing that brand (which was on life support or already a zombie when purchased) like a skin at this point?

Staple_Diet 3y ago

Really? I thought Disney was doing well. Their subscription service is only behind Netflix and Amazon, the latter of which includes its service in Prime so is not an equal competitor. Further, their ownership of Marvel has provided them some of the largest grossing films of all time, and their Star Wars acquisition seems to be paying off. The parks seem to be quite strong, but I've only experienced the Japan ones. Overall I find it difficult, from a layman's perspective, to believe Disney is in trouble but welcome any other information.

lotsofpulp 3y ago
See their net income and profit margin trends: https://www.macrotrends.net/stocks/charts/DIS/disney/net-income https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc... https://www.macrotrends.net/stocks/charts/DIS/disney/profit-margins https://www.macrotrends.net/stocks/charts/DIS/disney/profit-... Doesn’t look so hot for the last 4 or 5 years. They went from earning near $10B per year to less than $3B per year.
- Rexxar 3y ago
  If you ignore the Covid drop, the trend change seems to start in 2019 when they bought Century Fox.
  - lotsofpulp 3y ago
    I’m not sure what the exact cause is, but for some reason, they lose billions on streaming (page 24): https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23_Earnings_Presentation.pdf https://thewaltdisneycompany.com/app/uploads/2023/11/Q4_FY23...
    - nonethewiser 3y ago
      Because they give lots of subscriptions away for free and the paying customers are paying a subsidized price. All so Disney can increase market share. This is why you cant just point to subscriber count as a success indicator.
    - bombcar 3y ago
      How much of this is real losses and how much is accounting tricks by licensing content from themselves?
      - deleted 3y ago
        [deleted]
      - lotsofpulp 3y ago

KptMarchewa 3y ago

Paramount?