Audioburst Search
|
1 year ago

Coming up next

The Ripple Effect of Avengers: Endgame

MarketFoolery
|
1 year ago

States scramble for medical supplies as national stockpile runs low

The Al Malmberg Show
|
2 hrs ago

Inmate dies after contracting coronavirus at Louisiana federal prison

All Things Considered
|
2 hrs ago

Cuomo: NY coronavirus cases could peak at end of April

All Things Considered
|
3 hrs ago

Man hid coronavirus symptoms to visit wife in maternity ward

KRLD News, Weather and Traffic
|
5 hrs ago

Democrats emphasize infrastructure in "phase 4" coronavirus proposal

Rush Limbaugh
|
6 hrs ago

Trump may be a lot more vulnerable than you think

Rush Limbaugh
|
8 hrs ago

"I heard the roar": Strong earthquake rocks central Idaho

Morning Edition
|
14 hrs ago

Church packed for services again despite charges against pastor

10 10 WINS 24 Hour News
|
9 hrs ago

It's the first of the month. Do you need to pay rent?

10 10 WINS 24 Hour News
|
9 hrs ago

Trump rolls back US fuel economy standards

Bloomberg Daybreak
|
15 hrs ago

Automatic TRANSCRIPT

Of the Walt Disney company opened this morning on an all time high probably not a surprise. It's down a little bit now. But probably not surprise it had that strong open because vendors endgame broke just about every box office record under the sun over the weekend. One point two billion dollars globally. I don't know. But you I went and saw it I contributed to that. I didn't I thought it was going to have a great weekend. I didn't think it going to be this great. I didn't see it. But I am not surprised by these numbers. So. When we look at a number like this. I think it is tempting to just oh my gosh. This this is amazing. But the context for investors when it comes to Disney and movies is always looking at the studios part of the business, which is it's not the biggest part of the business by along shot. Right, right. It's all the little third parties synergies that you get from having these amazing characters. So that's the thing. I wanted to get to was look go back to August two thousand nine Disney buys marvel for four billion billion dollars. Let's say that again, they bought marvel for four billion dollars. And now I'm wondering how big has the ripple effect Ben because it seems like for people who and I've gotten a little bit of this on Twitter because I tweeted something about what a great weekend. It wasn't a couple people came back. Well, you know, the studio's business it's not that big. Yeah. But they also this is something that feeds not only. Into consumer products, licensing deals, t shirts toys at cetera. But it's got to help with the launch of Disney. Plus, doesn't it definitely? I mean, I think it just shows Disney's dominance in that in that space. Right. Even that's not just kids driving that one point two billion dollars worldwide, though, my kids didn't pay for the ticket. Right, right. That's everyone rate. So that's future visits to Disneyland. That's t shirts. That's toys. That's games. That's. I mean, that's going to be huge that's gonna be huge for them. So I went back and looked at a couple of things that the motley fool was writing at the time of that acquisition. And I was asking was it too much. There was a little bit of that. And I think that's I think that's a fair question. I think that's a natural question anytime. There's right, but but any any acquisition any industry, I think it's fair to be like, okay. Was this a good price? There was not a lot of that. I was able to. There was not a lot of people saying that's outrageous that they're paying that much. What I was reminded of though was part of the case for acquiring marvel was boys. I was reminded of the fact that they wanted to reach that younger. Boy, demographic of just how dependent Disney was on princesses to drive their films and to drive the parks experience. And obviously the decision to acquire marvel on top of the decision to acquire Pixar has just been amazing. I mean, I think also when you think about sort of a broader competitive landscape perspective, Disney really has three key competitive advantages. So it's this brand the IP the characters things like that that can be utilized throughout all aspects of the business. But it's also there bub average profitability and they're low risk balance sheet. So I think one of the key points that this really demonstrates. You know, I think for a long time we've seen really cheap money. So you've seen a lot of competitors. Do well and thrive in the face of Disney or keep up with Disney, but as debt becomes more expensive, and it becomes harder for competitors to actually finance those projects you see Disney where they can continue to do this. There's no reason that this is gonna stop for Disney just because of a change in sort of economic interest rate structure. So I think it doesn't just show that his knees. Good at it. But it really solidifies sort of dominance in that space for them. Bob Eiger is the with. Disney's obviously a well known. I would argue one of the better known CEO's impart because it's Disney in part because of the amazing job. He's done far less. Well known. I would argue is Kevin fi who is the president of marvel studios and has been for about a dozen years or so and. When you think about what has been accomplished under his leadership? And I say this is Disney shareholder let Kevin Feige whatever he wants. I mean, maybe he already is doing whatever he wants. But that's a track. I mean, right, right. That's an incredible track. Record. He is a master. Right. And God help whoever is the next CEO at Disney because the magic happen. The foot the. The shoes. That's what I meant to say. The shoes that Bob idir is leaving. When you look at the acquisitions of Pixar Star Wars marvel