Comment on Was Disney's Fox purchase a huge waste of money?
chickenwing@lemmy.film 1 year agoI don’t think I have a chip in my shoulder at all lol. I don’t have any beef with Disney or fox. I’m just thinking it was a bad investment. Look at it with their past purchases on mind. They bought Star Wars for 4 billion made quick use of it too. Same with Marvel and Pixar. All of these were great deals for Disney. They made their money back in no time. 70 billion is a lot more than 4 billion. It will take a very long time to recoup the money and from my perspective I don’t think it was the right move.
You could put out 5 Avengers movies that make Endgame level money and still not even get close to paying that back. It will take a decade or more to pay that off. It’s been 4 years and they don’t have much to show for it.
ArtificialLink@yall.theatl.social 1 year ago
The rights they acquired through this purchase are easily worth that money alone. An investment does not have to immediately make a return. They acquired the rights to decades upon decades of films TV shows TV channels. I don’t even think you understand the scale of how much they got in that deal. And there is plenty other things that they are working on that they are getting returns from. Just because you don’t see it on the surface doesn’t mean it ain’t happening. God damn it aint hard. You’re looking at a super tiny sample size with just superhero movies being the hinge case for why they did it. They got so much more than I think you realize.
chickenwing@lemmy.film 1 year ago
Sure they got a lot of stuff in the Fox archive I’m just not sure it was 70 billion worth. Amazon bought MGM for much less. Disney also sold their Mirimax catalog years ago for less than a billion. Having a big back catalog is nice but not if it comes with an insane amount of debt. They could have made a deal with Fox for their catalog and their IPs for less money but they bought all their studios too and then fired a bunch of people. Only movie Searchlight put out this year was a flaming hot Cheeto movie.
WarmSoda@lemm.ee 1 year ago
You’re also not part of the team that decided how much the deal was worth.