By David Poland firstname.lastname@example.org
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?