Disney's pivot to home-"rental"-first is colossal
Forbes: "Like Comcast and Warner Media, Walt Disney is preparing for a future where most of the bankable theatrical franchises come to an end and movie theaters become glorified advertisements..."
Cautious viewers, if not throngs unleashed, will presumably be hesitant to attend anything below known-winners. This makes reviews more powerful, word of mouth more powerful, and recognized brands more powerful.
$15 home "rental" fee for the whole family may be a profitable way forward, particularly if theaters can be set adrift.
Toypac Shakur: Death Row Records is now officially owned by toy giant Hasbro
It comes after Hasbro forked out a whopping $3.8 billion to buy Canadian studio Entertainment One Ltd. (eOne) because it owns the lucrative Peppa Pig and PJ Masks franchises. The deal was initially announced at the end of last summer but was officially completed on December 30, 2019.
Entertainment One also has a valuable music division that includes ownership of Death Row Records’ catalogue, which it purchased in 2013 after the rap label’s previous parent company went bankrupt.
New FAO Schwarz Flagship Store Opens in NYC
Today, FAO Schwarz opened the doors of its new flagship location in New York City. The toy store spans two and a half levels with more than 20,000 square feet of signature toys, interactive experiences, and shops.