MCN Blogs
David Poland

By David Poland poland@moviecitynews.com

Miramax Moronics

If the New York Times’ source is right – and keep in mind, we are dealing with a notoriously iffy industry reporter at the NYT chasing down a source to confirm gossip that Nikki Finke was softly floating – than Disney will make yet another move that seems quick and decisive, but not very smart.
Unless Disney is having major cash flow troubles, $700 million or less will not change much of anything for the company. And in the process, they would be selling off a good-sized library that may, indeed, be worth less and less in the future. But it does create revenue now and though I am not a great believer in the long tail creating a big pot o’ cash, you never know.
What possible reason would a stable company have to sell off a library with dozens of classic and near-classic titles for so little money?
Oy!

5 Responses to “Miramax Moronics”

  1. EthanG says:

    Wow, what is going on with the mighty Mouse House. Perhaps they’re having the same problems Paramount had late last year? But it doesn’ make sense that they’d be flailing like this after the underperformance of a handful of films theatrically. They had the number 3 DVD of last year in “Up” just make major $$…

  2. anghus says:

    Can i bid 30,000 for Phantoms?

  3. Joe Leydon says:

    Just curious: Any theories regarding the steep drop in library value? I would think that as the cable and on-line outlets increase — have you ever really counted just how many pay-cable movie channels there are these days? — library values would be on the increase. Obviously, I am mistaken. Why? Too much short-term thinking? Or is it demo-driven? That is, are they finding that younger auds don’t care all that much about movies made more than a decade ago?

  4. Eric says:

    Joe, I’m no expert here but I suspect there was a “DVD bubble” for library titles. There was probably a large amount of speculation going on assuming that the DVD party would never end. When the DVD market slows, back catalog revenue starts to dwindle, and I wouldn’t think that expanding PPV options offsets that.

  5. Dr Wally says:

    Remember that about a decade ago Disney sold the rights to The Black Hole after underestimating the movie’s popularity amongst thirtysomething nostalgiasts, then shamefacedly had to buy the rights back at an inflated price when the Anchor Bay DVD sold like gangbusters.

The Hot Blog

Quote Unquotesee all »

“I remember very much the iconography and the images and the statues in church were very emotional for me. Just the power of that, and even still — just seeing prayer card, what that image can evoke. I have a lot of friends that are involved in the esoteric, and I know some girls in New York that are also into the supernatural. I don’t feel that I have that gift. But I am leaning towards mysticism… Maybe men are more practical, maybe they don’t give into that as much… And then also, they don’t convene in the same way that women do. But I don’t know, I am not a man, I don’t want to speak for men. For me, I tend to gravitate towards people who are open to those kinds of things. And the idea for my film, White Echo, I guess stemmed from that — I find that the girls in New York are more credible. What is it about the way that they communicate their ideas with the supernatural that I find more credible? And that is where it began. All the characters are also based on friends of mine. I worked with Refinery29 on that film, and found that they really invest in you which is so rare in this industry.”
Chloë Sevigny

“The word I have fallen in love with lately is ‘Hellenic.’ Greek in its mythology. So while everyone is skewing towards the YouTube generation, here we are making two-and-a-half-hour movies and trying to buck the system. It’s become clear to me that we are never going to be a perfect fit with Hollywood; we will always be the renegade Texans running around trying to stir the pot. Really it’s not provocation for the sake of being provocative, but trying to make something that people fall in love with and has staying power. I think people are going to remember Dragged Across Concrete and these other movies decades from now. I do not believe that they will remember some of the stuff that big Hollywood has put out in the last couple of years. You’ve got to look at the independent space to find the movies that have been really special recently. Even though I don’t share the same world-view as some of my colleagues, I certainly respect the hell out of their movies which are way more fascinating than the stuff coming out of the studio system.”
~ Dallas Sonnier