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NEWS: Comcast Bids to Buy Disney


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Wolf Tooth



Joined: 30 Nov 2003
Posts: 51
PostPosted: Wed Feb 11, 2004 9:25 pm Reply with quote
The March 3rd Stock Holders of Disney Confrece(to see if Eisner stays or not) is held in Phillialphia, Comcast's HQ is in Phillidalphia. Quincidence, or is it a sceame to kick Eisner out and Roy back in? Personally I don't know, but it will be happy days when Eisner's gone!
w00t w00t!
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Dr.Doom



Joined: 26 Jun 2003
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PostPosted: Wed Feb 11, 2004 10:43 pm Reply with quote
humm...yea who is this Eisner and why is he such a butthead I'm a little lost?
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Nagisa
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PostPosted: Wed Feb 11, 2004 10:50 pm Reply with quote
To put it briefly, Michael Eisner's the current chairman (is that right?) of Disney, and is often cited for their less than stellar performance ever since Walt stepped down.
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Godaistudios



Joined: 12 Jun 2003
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PostPosted: Wed Feb 11, 2004 10:54 pm Reply with quote
Well, he is the CEO (Chief Executive Officer) for Disney. Chairman of the board is usually the major stockholder, but the positions aren't necessarily one and the same.

Last edited by Godaistudios on Thu Feb 12, 2004 1:20 am; edited 1 time in total
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Nagisa
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PostPosted: Wed Feb 11, 2004 11:04 pm Reply with quote
I knew it had to be one of those two... Anime smallmouth + sweatdrop
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bluechibi



Joined: 28 Nov 2003
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PostPosted: Thu Feb 12, 2004 4:14 am Reply with quote
How much do you think the Disney company is worth? I would have thought the cost to make Disney World alone would be several billion $s. $50 billion didn't seem much.
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Tempest
I Run this place.
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Joined: 29 Dec 2001
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PostPosted: Thu Feb 12, 2004 4:47 am Reply with quote
According to its current market cap it is worth just over $50 billion. This is becuase of an increase in its value today, it was worth under $50B last week.
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Mohawk52



Joined: 16 Oct 2003
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PostPosted: Thu Feb 12, 2004 5:14 am Reply with quote
I saw this coming . Disney Inc. has fallen from a great height since Eisner has been at the helm. Too many Disney movie flops, decrease in attendance in the Disney theme parks, worst of all Paris. The appalling way the Company handled the Miyazaki Contract, one of the few grevances resulting in the recent spate with John Lasseter(sic) and Pixar. Eisner has proved to be a rather bumbling director and should resign soon. I'm sure he'll go with the usual golden handshake of a few million dollars in severence pay and stock options. His reward for failure, obscene. Rolling Eyes
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Stueypark



Joined: 10 Aug 2002
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PostPosted: Thu Feb 12, 2004 10:07 am Reply with quote
The interesting thing about hostile takeovers is you don't always need control of the company to get it. If comcast buys 30% of the stock they only need stock holders amounting to 21% of the remaining stock to agree to the purchase, and with the boost Disney's stock has gotten that's not hard to imagine.

I'm not terribly glad to hear this news though, for a couple of reasons. First of all, the the 1950's the supreme court said that motion picture companies couldn't control production, distrbution, and exhibition. Disney already does the first two and Comcast does the last part. And despite what people say about Eisner, Comcast is really in worse shape this being the first time in a while they've managed to pull a profit, and only just barely.

If Adelphia could fold...I'd hade to see Disney go down with a cable company.
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Aaron White
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Joined: 23 Aug 2002
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PostPosted: Thu Feb 12, 2004 10:32 am Reply with quote
I'm no Eisner fan, but the current crop of Eisner bashers don't know what they're talking about. Disney was on the ropes when Eisner took over and rebuilt it. Without him Disney would have stopped making animated films years before Little Mermaid put them back on top. He acquired Miramax and Pixar, and started Touchstone. Disney's had numerous successful live action films (not always under the Disney label) under Eisner. Most of the people who post on this board have never known Disney without Eisner. He's made a lot of mistakes, but without him Disney might have been auctioned off a long time ago. Disney getting sold probably won't be great news if it happens. Comcast and Disney are both megalithic companies; if they merge, it's going to concentrate power over the entertainment and news media into even fewer hands.
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Tony K.
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PostPosted: Thu Feb 12, 2004 1:35 pm Reply with quote
Can't say I never expected Disney to be soldout. Much like every other good thing, nothing lasts forever (except maybe diamonds Anime catgrin). But yeah, I think it's about time for a change in Disney.

When I was little, I watched a lot of the movies made from the late 80's to mid 90's. Even today as a 20 year old, I still like watching 'The Lion King,' 'Mulan,' 'The Great Mouse Detective,' and 'An American Tail.'

But recently, I haven't been seeing a whole of craze for their more current movies anymore. Oh well, maybe Comcast can ressurect their (Disney's) reputation.
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Bishop



Joined: 08 Jan 2004
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PostPosted: Thu Feb 12, 2004 2:21 pm Reply with quote
Quote:
Disney was on the ropes when Eisner took over and rebuilt it. Without him Disney would have stopped making animated films years before Little Mermaid put them back on top.


Hmm, some people thought that since the Japanese had bought both Columbia and Universal Pictures, Disney was hardly immune. Mind you, this was all during the early 1980's, when Japan's economic bubble was starting to grow real fast. Universal's since been sold to (I believe) a Canadian company that is rather famous for his alcohol and Columbia is of course still with Sony. Luckily for Disney, Eisner did keep the company from going to the grave; he made a great guardian angel the corporation needed him, but his time has passed.
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Bishop



Joined: 08 Jan 2004
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PostPosted: Thu Feb 12, 2004 2:21 pm Reply with quote
Quote:
Disney was on the ropes when Eisner took over and rebuilt it. Without him Disney would have stopped making animated films years before Little Mermaid put them back on top.


Hmm, some people thought that since the Japanese had bought both Columbia and Universal Pictures, Disney was hardly immune. Mind you, this was all during the early 1980's, when Japan's economic bubble was starting to grow real fast. Universal's since been sold to (I believe) a Canadian company that is rather famous for his alcohol and Columbia is of course still with Sony. Luckily for Disney, Eisner did keep the company from going to the grave; he made a great guardian angel the corporation needed him, but his time has passed.
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Aaron White
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PostPosted: Thu Feb 12, 2004 2:31 pm Reply with quote
Bishop may be right that it's time for Eisner to leave. On the other hand, this doesn't mean it would be a good thing for Comcast to get Disney. About five companies own all the major media in this country. Comcast getting disney would make an even bigger megalith than Time Warner. This is not good for us, or anyone besides the folks who own Comcast. The fewer people who own the media, the fewer people who have control over or access to entertainment or news media.
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Dr.Doom



Joined: 26 Jun 2003
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PostPosted: Thu Feb 12, 2004 5:48 pm Reply with quote
so do you fear that life as we know it might turn into the book "1984".
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