ChiefsPlanet Mobile
Page 4 of 6
< 1234 56 >
Media Center>Disney announces 100% focus on streaming. The death of movie theaters?
Deberg_1990 05:21 PM 10-12-2020
Hmmm.


Disney is going all-in on streaming media.

On Monday, the company announced a massive reorganization of its media and entertainment business that will focus on developing productions that will debut on its streaming and broadcast services. Disney’s media businesses, ads, and distribution, and Disney+ will now operate under the same business unit, the company said.

Its major reorganization comes just days after activist investor Dan Loeb, a major investor in the company through his Third Point Capital hedge fund, called on Disney to cancel its dividend and redirect more investments into streaming.

Wall Street has already given its seal of approval to Disney’s new move, sending the share up nearly 6% in after hours trading.

Disney’s announcement follows a significant reorganization of its release schedule to address new realities including a collapsing theatrical release business; production issues; and the runaway success of its streaming service — all caused or accelerated by the national failure to effectively address the COVID-19 pandemic.

Planned theatrical releases of would-be tentpole films like “Black Widow” have been rescheduled, while other films including “Mulan” and the upcoming Pixar film “Soul” are seeing their first runs on Disney’s streaming service, Disney+.

Production of new material for Disney’s many provinces of intellectual property will fall under three groups — Studios, General Entertainment, and Sports. Leadership of these groups won’t change with Alan F. Horn and Alan Bergman, Peter Rice and James Pitaro maintaining their respective positions within the organization, the company said.

Overseeing operations for this singularly large new operational structure will be Kareem Daniel, who previously helmed the company’s consumer products, games and publishing operations.

All of the men will report up to Bob Chapek, the company’s chief executive officer.

“Given the incredible success of Disney+ and our plans to accelerate our direct-to-consumer business, we are strategically positioning our Company to more effectively support our growth strategy and increase shareholder value,” Chapek said in a statement. “Managing content creation distinct from distribution will allow us to be more effective and nimble in making the content consumers want most, delivered in the way they prefer to consume it. Our creative teams will concentrate on what they do best—making world-class, franchise-based content—while our newly centralized global distribution team will focus on delivering and monetizing that content in the most optimal way across all platforms, including Disney+, Hulu, ESPN+ and the coming Star international streaming service.”

Studios will run all of the company’s development activities for live action and animated productions coming from Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios and Searchlight Pictures.

General Entertainment will serve the same function for the company’s 20th Television and ABC Signature and Touchstone Television productions, along with its news divisions, Disney channels, Freeform, FX, and National Geographic.

Sports will focus on ESPN and sports productions including live events, and original, and non-scripted sports related material for cable channels, ESPN+ and ABC, the company said.

Overseeing the monetization, distribution, operations, sales, advertising and data and technology infrastructure for all of those groups will be Daniel. A longtime Disney executive, he formerly served as the head of the company’s Imagineering Operations, taking intellectual property and turning it into entertainment for the vast empire of Disney resorts and theme parks, before taking over the consumer products, games and publishing operations at the company.

“Kareem is an exceptionally talented, innovative and forward-looking leader, with a strong track record for developing and implementing successful global content distribution and commercialization strategies,” said Chapek. “As we now look to rapidly grow our direct-to-consumer business, a key focus will be delivering and monetizing our great content in the most optimal way possible, and I can think of no one better suited to lead this effort than Kareem. His wealth of experience will enable him to effectively bring together the Company’s distribution, advertising, marketing and sales functions, thereby creating a distribution powerhouse that will serve all of Disney’s media and entertainment businesses.”

The new structure is effective immediately, and the Company expects to transition to financial reporting under this structure in the first quarter of fiscal 2021.

The Company will hold a virtual Investor Day on December 10, where it will present further details of its direct-to-consumer strategies.

https://www.google.com/amp/s/techcru...streaming/amp/
[Reply]
CarlosCarson88 11:00 PM 10-13-2020
Originally Posted by BigRedChief:
Movies in theatre's will never go away completely. Most Mid-sized towns have a theatre showing some old Bogart or Cagney movie. There will always be some retro theatre.
You hope
[Reply]
CarlosCarson88 11:01 PM 10-13-2020
They should bring back adult theatres. They'd become trendy and cool now
[Reply]
Bowser 11:29 AM 10-14-2020
Back in my day, we had a 19" technicolor console TV that weighed half a ton, AND WE LIKED IT!!
[Reply]
AdolfOliverBush 11:53 AM 10-14-2020
If you have, say, a 75" TV and a good sound system, I see no reason to bother going to a theater.
[Reply]
Mecca 12:43 PM 10-14-2020
Originally Posted by CarlosCarson88:
They should bring back adult theatres. They'd become trendy and cool now
Just because you wanna jerkoff around other people isn't a good reason.
[Reply]
The Franchise 12:43 PM 10-14-2020
Originally Posted by Bowser:
Back in my day, we had a 19" technicolor console TV that weighed half a ton, AND WE LIKED IT!!
Sir, this is a Wendy’s drive thru.
[Reply]
lawrenceRaider 01:05 PM 10-14-2020
Originally Posted by Deberg_1990:
AMC saying they are going to run out of money by the end of the year


https://www.kmbc.com/article/amc-the...vOUzaRwxfNNZB8
Love AMC theaters. Had one about a mile from my house in Texas, and they opened one here in Wichita shortly after we moved back up here. Everything about them is first rate.

That to say that it will be a big loss if they do indeed go down.
[Reply]
htismaqe 01:12 PM 10-14-2020
Originally Posted by BigRedChief:
Movies in theatre's will never go away completely. Most Mid-sized towns have a theatre showing some old Bogart or Cagney movie. There will always be some retro theatre.
The boutique theaters might survive. The big ones, not so much.
[Reply]
Megatron96 02:09 PM 10-14-2020
Probably not really a thing, but when I was on my fishing trips to both WY and CO this summer, the nearby townlets (tiny towns) both had drive-ins, and business was booming. Lines of cars waiting to get in.

And I drive through these towns every summer, same month, about a half dozen times each, and never saw the drive-ins doing that kind of business.

wouldn't mind if drive-ins came back, actually. Kind of miss that experience.
[Reply]
eDave 02:12 PM 10-14-2020
Originally Posted by Mecca:
Just because you wanna jerkoff around other people isn't a good reason.
Sure it is. But they are called strip clubs now.
[Reply]
Megatron96 02:17 PM 10-14-2020
Originally Posted by eDave:
Sure it is. But they are called strip clubs now.
I thought they were called 'laundromats." Well that explains some things . . .
[Reply]
Deberg_1990 02:17 PM 10-14-2020
Originally Posted by Megatron96:
Probably not really a thing, but when I was on my fishing trips to both WY and CO this summer, the nearby townlets (tiny towns) both had drive-ins, and business was booming. Lines of cars waiting to get in.

And I drive through these towns every summer, same month, about a half dozen times each, and never saw the drive-ins doing that kind of business.

wouldn't mind if drive-ins came back, actually. Kind of miss that experience.
Yep. A Drive in near me, which is probably about 5 years old was thriving this summer. I went once and they had everyone spaced out. It was a very nice experience.
[Reply]
DaneMcCloud 02:22 PM 10-14-2020
Originally Posted by lawrenceRaider:
Love AMC theaters. Had one about a mile from my house in Texas, and they opened one here in Wichita shortly after we moved back up here. Everything about them is first rate.

That to say that it will be a big loss if they do indeed go down.
This was coming, even without COVID.

I have a friend from way back in Junior High to High School to College that was a VP at AMC over in Leawood for more than a decade. This person bailed in late 2018 because the writing was on the wall: Movie theaters were going out of business in the next decade.

Unfortunately, COVID sped up that process, just as it has with nearly everything else from a technology standpoint.

I think we'll still have a few boutique theaters around that will show huge blockbusters and there will always be "Art House" theaters for smaller films. But films that cost between $40 and $140 million million to produce will most likely be relegated to Streamers.
[Reply]
eDave 02:28 PM 10-14-2020
Originally Posted by Megatron96:
I thought they were called 'laundromats." Well that explains some things . . .
Hey man, hooked up with the Manager of Bourban Street over the weekend. She'll hook you up there is that's your thing.
[Reply]
Megatron96 02:44 PM 10-14-2020
Originally Posted by eDave:
Hey man, hooked up with the Manager of Bourban Street over the weekend. She'll hook you up there is that's your thing.
And when you say "hooked up," you mean . . .?

had to look up Bourbon Street. Forgot it existed. So they have a VIP section with a washer/dryer in it? Sweet.
[Reply]
Page 4 of 6
< 1234 56 >
Up