FishbowlLA
 
Receive mediabistro.com's Daily FishbowlLA Feed via email


Daily Media Newsfeed Click here to receive mediabistro.com's Daily Media Newsfeed via email.

Tuesday Jun 13, 2006

Cars on Wall Street: Take the train

Can you remember as far back as yesterday when Disney distribution guru Chuck Viane was scoffing off the idea that Car's $62 million and change opening was less than what the House That The Two Mikes Couldn't Quite Destroy were hoping. "As far as expectations go, we've all grown accustomed to hitting home runs, and in anyone's ball park $60 million is a home run," he would tell anyone who is interested.

Well it turns out that on Wall Street -- and maybe in San Diego's Petco Park where homeruns go to die -- Cars' opening was more of a dribbler past the mound, and with the DVD market as soft as a Carvel swirl, this could be a problem. Apparently when your company pays $7.4 billion to save their core business, the fella's back east hang a number on all your openings. And let me tell you, Mister Aloha Shirt, you better hit that number.

This is how Ron Grover in Business Week lays it out:

Short-sellers meanwhile had set a mythical $70 million opening as their "bogey," figuring Disney's stock would tank if Cars opened with less than that. And sure enough, Disney's stock fell by 1.5%, to $28.90, on June 12, the first trading day after the weekend. Well, chalk one up for the short-sellers. They got their one-day Disney swoon.

Now the rest of Wall Street has to ponder whether Disney Chief Executiver Bob Iger overpaid to get Pixar, and will be left picking up the pieces if upcoming Pixar flicks also "disappoint." It certainly didn't help that his predecessor, Michael Eisner, has publicly weighed in that Disney may have overpaid for Pixar. Pardon me if I don't immediately jump on the Dump Disney bandwagon for this one.

Spoken like someone who lives in Marin County and wears flip flops to work, like all the rest of those enlightened ones who are charged with saving that beloved Burbank institution. Grover hates on the panic mongers, pointing out that the investment was in executive and creative talent and content that can be spun six ways to Sunday.

What he doesnt mention, is that the scrutiny that Pixar is under is all encompassing and coming from everywhere not merely 'short sellers.' Not ideal working environment for the Pixar creative types who work and think outside the box, don't you think? Is that really worth giving up that luxury box at all those Giants games?




new on mediabistro.com

Improve Your Web Life: New Sites, New Uses, New You

Streamline your online life with a tour of sites and tools you don't know about, tips for using the ones you do, and sources for easy, free software.
Watch the video

Email This Post

Fill out the following information and click on the Send button in order to send this post, Cars on Wall Street: Take the train, to a friend.
Friend's name
Friend's email address
Your name
Your email address
Note to your friend (optional, max 200 Characters)

Read more on FishbowlLA >

Interested in advertising on FishbowlLA?

fishbowlLA: a blog about the Hollywood creative community and L.A. media

Editors:
Mayrav Saar
Tina Dupuy
Dan Cox

Email:

About Us

Syndication

mb Blogs

TVNewser

PRNewser

GalleyCat

UnBeige

MobileContentToday

AgencySpy

FishbowlNY

FishbowlDC

FishbowlLA

Anonymous Tips


Links

mb Newsfeed

A Socialite's Life
Anne Thompson
BoingBoing
Buddy TV
Curbed LA
Dandyism
Deadline Hollywood Daily
Defamer
Eater LA
Eating LA--Pat Saperstein
ERS News
Franklin Avenue
Girls Talkin' Smack
Go Fug Yourself
Gold Derby
IMDB
Jezebel
LAist
LA magazine
LA Times
LA Weekly
Mixed Media
Page Six
Past Deadline
Pink is the New Blog
Radar
Romenesko
Slate
Salon
Script Notes
Tabloid Baby
The Evil Beet
TMZ.com
YouTube
WOW Report

Archives

July 2008

June 2008

May 2008

April 2008


Categories

About

About Us - Modules

About Us - Subheader Module

Armchair Sociology

Blogistan

Box Office

Contest

Courses

Daily Grind

Darwin was right

Documentary

Festivity

Foreign legion

Free Weekly Roundup

Geekdom

General

Guild Wars

Idiot Box

In N Out

Interesting LA Times Paragraph of the Day

Journos

Let's make a deal...

Lit 101

Magazines

Mo'guls, mo' problems

My Social Life

Newspaper Deathwatch

Newspapers

Our Town

Podcasts

Poli Sci

Power Lunch

Radio-dispatched

Season of Giving

Show Business

So Sue Me...

So, What Do You Read?

Studio film

Stuff To Do

Tangled Web

Trades

Underlying rights

Video games

Working the Room

Zell Watch

Recent

Paramount Lays Off 60 for an Internal Merger?

LAT In 90 Seconds -- The Unable to Load Edition

Ire Across the Pond

Forum

Los Angeles Issues 8 topics
Writer's Space (3) 7/9/2008
Looking to Network! (3) 7/7/2008
"IWOSC Reads Its Own" July 20 at Barnes & Noble (1) 6/27/2008
Copyright Question for Legal Ninjas. (2) 6/4/2008
more... - post new topic

Subscribe

Click here to receive the Daily Media News Feed by email.

Upcoming

Intro to Copy Editing
With the features copy chief at Daily Variety.
starts July 29

Perfect Pitching
Sell magazine stories through query letters.
July 28

Writing Comic Books and Graphic Novels
Work in a medium that publishers and studios love.
July 30

Jobs in L.A.

Featured Listings

Interactive Copywriter
Publicis in the West
Seattle, WA

Public Relations Manager- Los Angeles
GUESS?, Inc.
Los Angeles, CA

Account Executive
Deep Focus
Marina del Rey, CA

Talented Editors Needed!
LimeLife
Menlo Park, CA

Become a partner


ADVERTISEMENT


mediabistro.com l Member Benefits l Jobs l Freelance Marketplace l Courses l Events l Forums l Content
mediabistro Blogs: Media News l TVNewser l GalleyCat l UnBeige l FishbowlNY l FishbowlLA l FishbowlDC l mbToolbox l PRNewser l AgencySpy l MobileAppsToday l MobileContentToday l MobileMarketingToday l MobileDevicesToday
Site Map l Advertising/Sponsorships l Partners l About Us l Contact Us/Help

JupiterOnlineMedia

internet.comearthweb.comDevx.commediabistro.comGraphics.com

Search:

Jupitermedia Corporation has two divisions: Jupiterimages and JupiterOnlineMedia

Jupitermedia Corporate Info


Legal Notices, Licensing, Reprints, & Permissions, Privacy Policy.

Web Hosting | Newsletters | Tech Jobs | Shopping | E-mail Offers