ANT-MAN & THE WASP QUANTUMANIA directed by Peyton Reed (2023) 11 11

[Bosco685]

On 2/27/2023 at 8:53 AM, drotto said:

The first layoffs have started and will be effective March 1st.  The divisions getting hit the hardest are human resources (under various names) and DEI divisions. There were several articles detailing this last week.

 

At this point, ESPN and the Parks are subsidizing the entertainment and content divisions. Other then human resources, entertainment and content creation is where the vast majority of the cuts will occur. 

Disney workforce cuts to affect all company divisions, including theme parks

Quote

Job cuts at The Walt Disney Company will affect every division, including theme parks, Spectrum News 13 in Florida reports. However, hourly frontline operations positions aren’t expected to be included. Disney CEO Bob Iger announced Wednesday that 7,000 jobs, representing around 3% of the company’s workforce, would be slashed. The reduction comes as Disney enacts a company-wide plan to save $5.5 billion in costs.

The HR thing early February was guesstimations. Iger has confirmed the only parts of the 200K (+) employee base off limits is the hourly workers.

[drotto]

On 2/27/2023 at 9:03 AM, Bosco685 said:

Disney workforce cuts to affect all company divisions, including theme parks

The HR thing early February was guesstimations. Iger has confirmed the only parts of the 200K (+) employee base off limits is the hourly workers.

I know, but was just pointing out where it was starting, and has been confirmed to have layoffs. HR across all divisions will still likely take the biggest hit.  The reason is HR does not make money in a direct sense like other employees do. 

[Bosco685]

On 2/27/2023 at 9:08 AM, drotto said:

I know, but was just pointing out where it was starting, and has been confirmed to have layoffs. HR across all divisions will still likely take the biggest hit.  The reason is HR does not make money in a direct sense like other employees do. 

Who do you think runs the corporate compliance programs each salaried employee is required to take to keep the regulators at bay, along with performance programs, pay, benefits management and planning those layoffs?

HR not being a revenue-generating department makes up for this through other key functional activities. Recruiting is where the HR hits would occur, which is a much smaller area. And at times outsourced to third-party specialists.

[valiantman]

https://www.latimes.com/entertainment-arts/business/story/2022-11-08/disney-earnings-fourth-quarter-streaming-loses-1-5-billion-hulu-espn-chapek

Interesting stuff... 

There's no way that this quote:

"“The strategy to collapse all windows, starve linear [television] and theatrical [box office] and spend money with abandon, while making a fraction in return, all in the service of growing sub numbers, has ultimately proven, in our view, to be deeply flawed,” Zaslav said last week."

... could be the actual strategy. That's not what was planned, so they need to figure out what happened between their projections and what occurred. It was never a "strategy" to "spend money with abandon", so the rest of the statements by this person are pretty suspect.

This quote:

Average revenue per user for Disney+, a key measure for streaming, fell 5% to $5.96 because of the strong value of the U.S. dollar.

... does line up pretty well with the $6.25 estimate needed for $1Billion in revenue per month for 160million subscribers, especially if you put that 5% back in (to get to the prior number, it was $6.25).

Edited February 27, 2023 by valiantman

[theCapraAegagrus]

On 2/25/2023 at 7:53 PM, bentbryan said:

Yup. To be fair he looks better in the movie. 

Lol no he doesn't.

[Bosco685]

On 2/27/2023 at 9:35 AM, valiantman said:

https://www.latimes.com/entertainment-arts/business/story/2022-11-08/disney-earnings-fourth-quarter-streaming-loses-1-5-billion-hulu-espn-chapek

Interesting stuff... 

There's no way that this quote:

"“The strategy to collapse all windows, starve linear [television] and theatrical [box office] and spend money with abandon, while making a fraction in return, all in the service of growing sub numbers, has ultimately proven, in our view, to be deeply flawed,” Zaslav said last week."

... could be the actual strategy. That's not what was planned, so they need to figure out what happened between their projections and what occurred. It was never a "strategy" to "spend money with abandon", so the rest of the statements by this person are pretty suspect.

This quote:

Average revenue per user for Disney+, a key measure for streaming, fell 5% to $5.96 because of the strong value of the U.S. dollar.

... does line up pretty well with the $6.25 estimate needed for $1Billion in revenue per month for 160million subscribers, especially if you put that 5% back in (to get to the prior number, it was $6.25).

It's the operational cost (especially the content cost) that kills the thrill of in-sourcing streaming. How Netflix dominated for so long yet in recent years struggled is interesting.

The initial Disney+ Premiere Access fee seemed like a smart play to start down the right profitability path. But then the marketing to gain traction ends up being a 100% direct cost versus sharing the burden with theater providers.

I wonder if we will see even more consolidation for those not having substantial alternatives (theme parks, resorts, large-scale merchandising)?

[bentbryan]

On 2/27/2023 at 9:46 AM, theCapraAegagrus said:

Lol no he doesn't.

I meant the one expression on his face really in that pic   but hey, I had 3 IPAs before so you can label me ‘unreliable narrator’ 

[jsilverjanet]

On 2/27/2023 at 7:58 AM, Bosco685 said:

31st film in a massive franchise where connectivity throughout drives butts in seats

Third film in the mini-franchise

Warm up act to excite everyone to future Phase V releases

"But at least it had a second-week drop bigger than BVS!"

with the Marvels pushed out, Blade was pushed out as well right, sorry if I forgot

[jsilverjanet]

Ant man3 felt like a very elaborate meal that did not fill me up and wished for a hamburger instead

 

[drotto]

On 2/27/2023 at 11:01 AM, jsilverjanet said:

with the Marvels pushed out, Blade was pushed out as well right, sorry if I forgot

Think more release date changes are coming. Almost half the projects doe 2023 have been pushed, so when are they going to admit, they are going to push other stuff to make room?  Also, with QM underperformed, are more rewrites incoming? 

[jsilverjanet]

I think the problem with Kang as the villain is that I don't think they've explained why he's such a threat

with Thanos it was easy, he wants to wipe out half the population

I'm not sure exactly what Kang wants and how that affects (me as a viewer) that it can be explained in one simple sentence

I repeat, the multiverse created a bigger mess than help tie up some of the issues with solving the threat of Thanos and bringing back the people lost from the blip

 

[FlyingDonut]

Not for nothing, but I have a brand new 55 inch 8K TV with surround sound and I get Disney+ in my house.

Please tell me - in very small words - what possible reason do I have to go to the movie theater with Mrs. Donut and drop $50 with to see Ant-Man?

[theCapraAegagrus]

On 2/27/2023 at 11:26 AM, FlyingDonut said:

Please tell me - in very small words - what possible reason do I have to go to the movie theater with Mrs. Donut and drop $50 with to see Ant-Man?

I go for 'the experience'. The experience hasn't been what it used to be, though, since very few movies end up feeling worth it.

[1Cool]

On 2/27/2023 at 11:26 AM, FlyingDonut said:

Not for nothing, but I have a brand new 55 inch 8K TV with surround sound and I get Disney+ in my house.

Please tell me - in very small words - what possible reason do I have to go to the movie theater with Mrs. Donut and drop $50 with to see Ant-Man?

I genuinely enjoy going to sit in a dark theater and eat theater popcorn for an evening.  It's getting so expensive that I'm having a tough time justifying the cost for most movies but I usually find one a month that is worth it.

[Gatsby77]

On 2/27/2023 at 8:58 AM, Bosco685 said:

31st film in a massive franchise where connectivity throughout drives butts in seats

Third film in the mini-franchise

Warm up act to excite everyone to future Phase V releases

"But at least it had a second-week drop bigger than BVS!"

Umm...

You made my point.

Even with all that, it *still* dropped harder than BvS.

Means that Quantumania must *really* be dookie.

 

[jsilverjanet]

On 2/27/2023 at 10:26 AM, FlyingDonut said:

Please tell me - in very small words - what possible reason do I have to go to the movie theater with Mrs. Donut and drop $50 with to see Ant-Man?

this

I went to the matinee which was 25% off. Ticket plus tax took the price to $15+. I ordered food, total was $37 then popcorn and a drink, I spent $55

WTH

[Bosco685]

On 2/27/2023 at 12:59 PM, Gatsby77 said:

Umm...

You made my point.

Even with all that, it *still* dropped harder than BvS.

Means that Quantumania must *really* be dookie.

What is telling is how much you repeatedly mention BVS throughout the years. Which clearly demonstrates you are coming around.

Give it a few more visits to 'the clinic'. It will happen.

[Bosco685]

On 2/27/2023 at 1:32 PM, jsilverjanet said:

this

I went to the matinee which was 25% off. Ticket plus tax took the price to $15+. I ordered food, total was $37 then popcorn and a drink, I spent $55

WTH

Crazy how theaters become a major expense, even if by yourself let alone with a group.

Now with some theaters toying with added expense if you want decent seats. The closer it gets to theaters changing drastically.

[Bosco685]

 

[paperheart]

On 2/27/2023 at 11:16 AM, Bosco685 said:

 

the drop in China this weekend (64%) was actually better than US