The cost of producing movies has stayed in check the last couple of years. Marketing costs have gone up, but it's still a benefit because it feeds a nomination for a studio that's part of a larger conglomerate such as a cable network.
The lack of a company auction will likely immediately cause some PKS shareholders to take profits, as the stock has run up considerably since Dan Snyder began his campaign for control in July 2005.
Disney's operating momentum is still the best of all the large entertainment conglomerates.