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Commercial Awareness Discussion
Commercial Awareness 2023/24 Thread
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<blockquote data-quote="justkeepswimming" data-source="post: 153767" data-attributes="member: 25536"><p><strong>Disney released their Q4 results, which were quite promising.</strong></p><p> </p><p><span style="font-size: 15px"><strong><u>Disney Q4 results:</u></strong></span></p><ul> <li data-xf-list-type="ul"><span style="font-size: 15px">Disney+ added almost 7 million core subscribers.</span></li> <li data-xf-list-type="ul"><span style="font-size: 15px">Losses narrowed after increasing subscription prices, additional layoffs</span></li> <li data-xf-list-type="ul"><span style="font-size: 15px">Experiences operating income increased by over 30% </span></li> <li data-xf-list-type="ul"><span style="font-size: 15px">ESPN, which is usually lumped into the overall Disney results, earned itself a spot as it pulled nearly $1 billion in profit, demonstrating the value of sports and the power of the ESPN brand</span></li> </ul><p><span style="font-size: 15px">Overall, the results looked good for Disney. The return of former CEO Bob Iger has also brought back Disney's magic. </span></p><p> </p><p><strong><u>Streaming:</u></strong></p><p><span style="font-size: 15px">It is worth noting that Disney has not had a significant Frozen-type hit for quite some time. A BBC article in October revealed concerns that the actors' strike could halt animation production later this year. With the strike ending, will Disney be able to pick up the pace in creating and releasing content in time for summer 2024, an important time for films?</span></p><p> </p><p><span style="font-size: 15px">Additionally, Disney has already forecasted that, by Q4 2024, the combined streaming business will be profitable. Disney stated they would purchase more sporting rights and hope to build ESPN into the preeminent digital sports platform. It also recently acquired the remaining third of Hulu that it did not originally own. This consolidation may become a trend in the coming months as larger entertainment companies acquire smaller ones to diversify an improve their offerings to remain competitive. </span></p><p> </p><p><span style="font-size: 15px">Consolidation may take the form of M&A deals, which law firms will be keen to get involved in. Many law firms have dedicated Media & Entertainment practice areas. But IP will be key as the licenses and usage rights of the prominent stories/characters each media platform has created will be a central aspect of these deals. </span></p><p> </p><p><span style="font-size: 15px">With the SAG strikes ending, a prominent issue cited in both Netflix and Paramount's results, this could allow streaming platforms to reconvene creating content, hopefully minimising potential losses from the aftermath of the 118-day strike.</span></p><p> </p><p><span style="font-size: 15px">Law firms may also be involved in helping studios/ entertainment giants comply with the new deal proposed. This may include drafting new employment contracts and managing the risk of AI, as a prominent part of the SAG strikes was ensuring there were protections for actors with the increasing use of AI.</span></p><p> </p><p><span style="font-size: 15px"><strong><u>Parks/Experiences:</u></strong></span></p><p><span style="font-size: 15px">While Disney experience offerings did well, some cracks are beginning to show in US consumers' spending as there were lower results in the domestic parks and resorts.</span></p><p> </p><p><span style="font-size: 15px">This might be something Netflix should look into more deeply as it recently announced opening its own experience initiatives in the US. While this could be a brilliant idea for diversifying income streams, it is not immune to the cost of living crisis affecting the streaming industry.</span></p><p> </p><p><span style="font-size: 15px">With new parks and experience initiatives, law firms could be involved in an array of tasks from drafting contracts, reviewing potential property/land to be used, the rights and licenses affiliated with those properties, employee contracts, and construction contracts if they are creating it themselves, licensing and IP of the relevant franchises being used in these parks etc.</span></p><p> </p><p><em>Information has been collected from Disney's report itself, Wake Up To Money Podcast, Financial Times, BBC News </em></p></blockquote><p></p>
[QUOTE="justkeepswimming, post: 153767, member: 25536"] [B]Disney released their Q4 results, which were quite promising.[/B] [SIZE=4][B][U]Disney Q4 results:[/U][/B][/SIZE] [LIST] [*][SIZE=4]Disney+ added almost 7 million core subscribers.[/SIZE] [*][SIZE=4]Losses narrowed after increasing subscription prices, additional layoffs[/SIZE] [*][SIZE=4]Experiences operating income increased by over 30% [/SIZE] [*][SIZE=4]ESPN, which is usually lumped into the overall Disney results, earned itself a spot as it pulled nearly $1 billion in profit, demonstrating the value of sports and the power of the ESPN brand[/SIZE] [/LIST] [SIZE=4]Overall, the results looked good for Disney. The return of former CEO Bob Iger has also brought back Disney's magic. [/SIZE] [B][U]Streaming:[/U][/B] [SIZE=4]It is worth noting that Disney has not had a significant Frozen-type hit for quite some time. A BBC article in October revealed concerns that the actors' strike could halt animation production later this year. With the strike ending, will Disney be able to pick up the pace in creating and releasing content in time for summer 2024, an important time for films?[/SIZE] [SIZE=4]Additionally, Disney has already forecasted that, by Q4 2024, the combined streaming business will be profitable. Disney stated they would purchase more sporting rights and hope to build ESPN into the preeminent digital sports platform. It also recently acquired the remaining third of Hulu that it did not originally own. This consolidation may become a trend in the coming months as larger entertainment companies acquire smaller ones to diversify an improve their offerings to remain competitive. [/SIZE] [SIZE=4]Consolidation may take the form of M&A deals, which law firms will be keen to get involved in. Many law firms have dedicated Media & Entertainment practice areas. But IP will be key as the licenses and usage rights of the prominent stories/characters each media platform has created will be a central aspect of these deals. [/SIZE] [SIZE=4]With the SAG strikes ending, a prominent issue cited in both Netflix and Paramount's results, this could allow streaming platforms to reconvene creating content, hopefully minimising potential losses from the aftermath of the 118-day strike.[/SIZE] [SIZE=4]Law firms may also be involved in helping studios/ entertainment giants comply with the new deal proposed. This may include drafting new employment contracts and managing the risk of AI, as a prominent part of the SAG strikes was ensuring there were protections for actors with the increasing use of AI.[/SIZE] [SIZE=4][B][U]Parks/Experiences:[/U][/B] While Disney experience offerings did well, some cracks are beginning to show in US consumers' spending as there were lower results in the domestic parks and resorts.[/SIZE] [SIZE=4]This might be something Netflix should look into more deeply as it recently announced opening its own experience initiatives in the US. While this could be a brilliant idea for diversifying income streams, it is not immune to the cost of living crisis affecting the streaming industry.[/SIZE] [SIZE=4]With new parks and experience initiatives, law firms could be involved in an array of tasks from drafting contracts, reviewing potential property/land to be used, the rights and licenses affiliated with those properties, employee contracts, and construction contracts if they are creating it themselves, licensing and IP of the relevant franchises being used in these parks etc.[/SIZE] [I]Information has been collected from Disney's report itself, Wake Up To Money Podcast, Financial Times, BBC News [/I] [/QUOTE]
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