TheWaltDisneyCompany
Disney holds its first ever Disney Con
Disneyland hosted its own Disney Convention, called D23, in the style of Comic Con this past weekend. The name comes from the year Walt Disney moved to Hollywood and the event was held at the Anaheim Convention Center across the street from Disneyland . Among other announcements was that of a new Muppet movie called The Cheapest Muppet Movie Ever Made (hopefully it's a working title). There was also a live performance by Miley Cyrus, whom Disney owns the soul of.Admittedly, it's a pretty good idea which caters to the real Disney enthusiasts out there (having met a few, I know they certainly exist). Disney is one of the few companies that is large enough to have its own version of Comic Con. While the convention had announcements for most of its franchises, I noted the absence of any mention of the recently-acquired Marvel Comics.
On the other hand, the company already has a Disney convention open all year round. It's called Disneyland (or Disneyworld for the East Coast). What do you think of this development?
Disney acquires Marvel
While this news doesn't only affect television, it does affect the industry enough to warrant a mention since both companies have historically had a television presence. Disney has purchased Marvel Entertainment for about $4 billion.
So does this mean we'll be seeing Spider-Mickey cartoons in the near future? Beats me. There are certainly benefits to Disney's acquisition. Marvel is predominately known as a comic book company and that market has been shrinking. However, the visibility of its characters has been growing due to the myriad of Marvel movies out there.
I'm sure words like 'synergy' and 'downsizing' are going to be used when describing this situation in the future. Will there be layoffs at Marvel? Should editor-in-chief Joe Quesada fear for his job?
My biggest concern is content interference on the part of Disney and the "toning down" of the more adult storylines and characters at Marvel in an effort to maintain the corporate image of its new parent. One can only hope that Disney lets Marvel be Marvel.
Analyst says TV industry facing dark days ahead
In a piece of news that should surprise very few people, Lehman Brothers has cut the stock ratings on the Walt Disney Company, Time Warner and several other top entertainment companies. The reasons behind this include the rise of legal digital downloading cutting into advertising revenue and the concern of piracy cutting into primary profits such as DVD sales."To be clear, our fear is that the damage that digital distribution inflicted on the music industry will replicate itself in the movie industry, and our fears are too great to justify keeping neutral or positive ratings on the creators and distributors of movie and TV content," wrote analyst Anthony DiClemente.
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