I don't know. Selling out on the one thing that made you stand out as a company? Sounds like a smart business decision to me.
Someone had to follow in Musks shoes.
Are you suggesting selling out wasn't a thing before Musk turned up?
It wasn't my intention but I can see your point.
Capitalism is why we can’t have nice things. Infinite growth just ends up destroying everything.
Our current strategy is making us worth a ton of money, so let's change strategies to what all the companies that are losing are doing instead, so we can make money?
It's called cashing out, and it's a smart thing to do when you want to maximize profits (to the detriment of the art).
Taking money from Wall Street is like taking money from the mob.
Honestly I find the mob are honest upfront at least about what will happen to you if you piss them off.
I see you haven’t sorted out your pension yet
Line must go up, forever, no creativity, just line
I really hope they don't abandon what made them great. They've become my favorite studio. Almost every movie they put out, I absolutely love or can at least appreciate the big swing. Movies like Lamb don't get made by any other studio and still be able to be seen by most. I don't understand this decision after how Everything Everywhere All at Once was received.
What an opportune time to share Cody's latest Showdy:
Why Are Modern Blockbusters So... Not Very Good? - SOME MORE NEWS
It's a very good showdy
SPOILER: Private Equity is POISON.
Ah fuck. Hazbin Hotel is being produced by A24.
Guess we can kiss that quality goodbye.
Why would they have to keep up with their appraisal? There is no downside to not doing it, other than not being worth as much if they want to sell or IPO, but that would be true even without the equity firm's investment and appraisal. No law says they have to meet the expectations set by a single investor. There is no legal duty requiring a company to maximize profits or shareholder value.
However, even if such a law requiring them to maximize profits existed, it's very reasonable that they would legally continue making the same types of movies that earned them that value in the first place. There couldn't possibly be a requirement for them to change business strategies, else every company would eventually all end up in the same, most profitable industry. They'd all be selling movie theatre popcorn or something.
Because if they don't the PE firm either cancels bonuses for sr management or fires them outright.
You can't beat your boss.
Laws? What the fuck are you talking about? You're right in that their hand isn't forced when making a business transaction such as this, but looking at it through the childish lens of "laws" is odd to say the least.
It's really simple to see why.
From here, cross referenced with boxofficemojo.com:
https://en.m.wikipedia.org/wiki/List_of_A24_films (2020s only)
First Cow - $101,068 (US) / $1,386,609 (global)
Boy's State - unlisted
On The Rocks - - / $992,103
Saint Maud - - / $1,383,868
Minari - $3,110,580 / $15,282,731
False Positive - unlisted
Zola - $4,844,399 / $4,998,097
Val - unlisted
The Green Knight - $17,173,321 / $18,887,953
Lamb - $2,676,410 / $3,189,087
The Souvenir Part 2 - $98,929 / $380,778
C'mon, C'mon - $1,863,674 / $4,499,395
The Humans - - / $47,029
Red Rocket - $1,023,086 / $2,315,997
The Tragedy of Macbeth - - / $524,771
The Sky is Everywhere - unlisted
After Yang - $46,872 / $729,254
X - $11,765,309 / $14,740,889
Everything, Everywhere, All At Once - $77,191,785 / $141,129,020
Men - $7,587,853 / $11,152,071
Elizabeth: A Portrait in Parts - - / $122,390
Marcel, the Shell with Shoes On - $6,333,702 / $6,909,209
Bodies Bodies Bodies - $11,446,602 / $13,929,670
Funny Pages - $0 / $0 (not unlisted)
Pearl - $9,423,445 / $9,747,742
Instinct - - / $947,316
God's Creatures - $45,849 / $275,107
Stars at Noon - - / $225,509
Aftersun - $1,658,790 / $8,345,462
Causeway - unlisted
The Inspection - $390,429 / $546,906
White Noise - - / $71,728
The Eternal Daughter - $86,490 / $446,551
The Whale - $17,463,630 / $54,883,206
This Place Rules - unlisted
When You Finish Saving the World - $196,920 / -
Close - $1,100,113 / $5,213,591
Sharper - unlisted
Pi - (re-release) - no current numbers
Showing Up - $754,483 / $1,222,428
Beau is Afraid - $8,176,562 / $11,480,078
You Hurt My Feelings - $4,830,788 / $5,698,637
Past Lives - $10,923,569 / $14,996,172
Earth Mama - $0 / $0 (not unlisted)
The Deepest Breath - unlisted
Stephen Curry: Underrated - unlisted
Talk to Me - $48,105,234 / $89,400,384
Medusa Deluxe - - / $68,560
Stop Making Sense - (re-release) $4,000,378 / $4,641,772
Dicks: The Musical - $220,867 / -
what is this meant to illustrate exactly?
That Everything Everywhere All At Once, the most action oriented and commercial of their releases, made more money than virtually all their other releases COMBINED.
Yes, because that's what all the reviews were raving about - the action. Not plot, characters, acting, or any of that artsy stuff.
You don't get how Hollywood executives work. They see Barbie being a massive success because people thought it was a smart and funny movie with a good message and decide, "this means we need more movies about Mattel toys!"
They have absolutely no understanding of movies. It sort of feels like a lot of them don't even like movies.
They like hookers and blow. No time for movies.
I haven’t heard of ANY of those movies. I really need to get out more.
I dunno, surely you would have heard of Everything Everywhere All At Once due to the Oscar wins.
Around here at least both The Green Knight and Marcel the Shell With Shoes On were heavily advertised. So was First Cow now that I think about it.
Same with the Brendan Fraser comeback story The Whale.
I seriously thought this was a gag at first, sad.
Is that the company that Kane Parsons is working with?
!books@lemmy.world - Discussing books and book-related things.
!comicbooks@lemmy.world - A place to discuss comic books of all types.
!marvelstudios@lemmy.world - LW's home for all things MCU.
While posting and commenting in this community, you must abide by the Lemmy.World Terms of Service: https://legal.lemmy.world/tos/
Posts or comments that are homophobic, transphobic, racist, sexist, ableist, or advocating violence will be removed.
Be civil: disagreements happen, but that doesn’t provide the right to personally insult others.
Spam, self promotion, trolling, and bots are not allowed
Shitposts and memes are allowed until they prove to be a problem.
Regarding spoilers; Please put "(Spoilers)" in the title of your post if you anticipate spoilers, as we do not currently have a spoiler tag available. If your post contains an image that could be considered a spoiler, please mark the thread as NSFW so the image gets blurred. As far as how long to wait until the post is no longer a spoiler, please just use your best judgement. Everyone has a different idea on this, so we don't want to make any hard limits.
Please use spoiler tags whenever commenting a spoiler in a non-spoiler thread. Most of the Lemmy clients don't support this but we want to get into the habit as clients will be supporting in the future.
Failure to follow these guidelines will result in your post/comment being removed and/or more severe actions. All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users. We ask that the users report any comment or post that violates the rules, and to use critical thinking when reading, posting or commenting.
