Sunday, 12 May 2019

Disney put more than $400 million into Vice Media. Now it says that investment is worthless.

quote [ Facebook and Google have hoovered up the majority of digital ad revenue — the money the new publishers expected to get once they reached scale. And publishers that had expected Facebook and Google to rely on them for content have learned that Facebook and Google don’t really need them, after all. ]

Media money coming and going.
[SFW] [business] [+2]
[by Paracetamol@7:09pmGMT]

Comments

thepublicone said @ 11:10pm GMT on 12th May
Bah, Its The Mouse- $400 million is pocket change at this point.

The Avengers is coasting towards the 2 billion revenue mark, The Star Wars parks open at the end of the month and in August, and the streaming channel is closing in, which alone should basically cover the loss in about a month.

The Mouse no longer operates on "human-level" methods of accounting; the money involved is no longer fathomable to the human intellect.
satanspenis666 said @ 3:39am GMT on 13th May [Score:2]
Didn't you know that with accounting rules, all movies lose money:

'Hollywood Accounting' Losing In The Courts
snowfox said @ 11:59am GMT on 13th May
When taking profits as compensation, always gross, never net. 3% gross will be a ton more than any amount net (since the net is, as you say, usually $0 or worse). The other big one is to get a percentage of merch and licensing, since that is where the most money resides in any property that sells toys, apparel, or services based on the movie.
lilmookieesquire said @ 3:01am GMT on 13th May
They have 2500 employees. That’s a paltry 16k per employee
gendo666 said @ 10:31am GMT on 14th May
Somehow I find it funny that the "Wholesome values Mouse" is investing in Vice.
- I find it funny, not surprising.

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