It something Disney had to do. It's good for both companies.
I don't think we've seen the end of it...$300 million may not be enough,
They were unhappy with the way the business was shaping up. It wasn't producing the returns they wanted.
They have plenty of people who will be very effective.
They'll project how much each film can generate. The difficulty is, probably only the top 10 films generate 80 percent of the income.
It wouldn't be a giant leap of imagination for them to consider selling all of it. Even if they sold all of it, it's not clear that will generate significant stock appreciation for Time Warner.
Cable carried the ball for everything during the quarter--That's the way they've been for a long time now.
In reality, that was going to be very messy from an antitrust standpoint and meet a lot of resistance from the top management at Hasbro. That was a whole different story,
They do have to resolve some issues eventually, including who's going to be the chairman and for how long. There has to be some kind of indication of what their long-range plans might be with regard to international expansion of theme parks.
My impression is that Mr. Murdoch has been in a phase of building assets for most of his career, 25 years or so, and he has reached the point where most of the key pieces are in place,