New Mutants New Mutants News and Discussion - Part 2

[slugzilla]

You aren't the only one this has happened to. They are apparently looking into the cause.

Thank you for the informative update friend. I appreciate it.

 

[Drexelhand]

Drexelhand, why do you have so much animosity towards me?

Eh, I don't know, I guess I should just back off.

 

[TheVileOne]

Let me tell you guys something about the phrase "business as usual."

Business as usual is the phrase corporations throw around when a merger is in the works. They say business as usual when it's really exactly the opposite. It's business as usual until people start getting cut, departments are shut down or liquidated, or companies are dissolved.

It's corporate double-speak.

It basically means that people have to TRY and work like usual when things are far from the usual. It's like you are forced to maintain a facade of business as usual, when it's not really the case.

 

[SumT]

great reply

 

[slugzilla]

great reply

Agreed, that was a very well written and informative post by TheVileOne.

 

[Cktopl33]

Let me tell you guys something about the phrase "business as usual."

Business as usual is the phrase corporations throw around when a merger is in the works. They say business as usual when it's really exactly the opposite. It's business as usual until people start getting cut, departments are shut down or liquidated, or companies are dissolved.

It's corporate double-speak.

It basically means that people have to TRY and work like usual when things are far from the usual. It's like you are forced to maintain a facade of business as usual, when it's not really the case.

"Business as usual" deal with pre-acquisition (which Disney is currently in), not post-acquisition. Businesses have to continue as normal until the merger completes. If the merger fail to close, there won't be any merger. It is only after the merger has been finalized that execution of the integration process begin to take effect (for Disney this process is projected to last up to 2021). That process helps identify key employees, crucial projects and products, sensitive processes and matters. That is also the time where layoffs begin. And there will be lots with the Disney acquisition. They've already spent a good penny for this acquisition, so they will be looking to trim (cough). I'm certain that we'll be hearing a lot concerning this from soon to be ex-employees in the near future. Disney has been in the news before regarding its layoffs when they acquired Marvel and LucasFilm. Now imagine that to the scale of some 71 billion instead the 4 billion each for the previous two. Yikes. One of the root cause of every merger's success or failure is cultural integration and 83% of mergers fail. Deals too big do not always turn out well. This will be a major test for Disney because Disney has not undergone a merger this large. Out of the 12 acquisitions it has total, 2 have been sold and 1 with part of its assets sold. 1 failed to meet its target.

Disney will probably do alright since it tend to excel in its film divisions currently. But there will be little change from the way Disney previously handles their movies: as few big blockbusters as possible for more profits (and less jobs). It's a strategy they've thrived on with a lot of the previous properties they've acquired. The fastest growing parts of Disney’s business are consumer products, theme parks and interactive. They make big juggernaut films that can be used for those brands. That's the whole reason they acquired them. Disney is still first and foremost....a business.

 

[psylockolussus]

Yeah it is still business as usual.

 

[terry78]

Start using that with people. "Business as usual bro."

 

[Cktopl33]

Bob Iger call with Wall Street analysts to discuss third-quarter earnings discusses streaming:

"We don’t have to be in the absolute volume game. It’s not as though the cupboard will be bare. But it takes time to build the kind of content library that we intend to build." Pricing, he said a couple of times during the call, will reflect this lower-volume offering, though he offered no specific guidance.

Disney's approach to their streaming service suspiciously similar to their film approach.

 

[psylockolussus]

What did it say about the New Mutants?

 

[TheVileOne]

"Business as usual" deal with pre-acquisition (which Disney is currently in), not post-acquisition. Businesses have to continue as normal until the merger completes. If the merger fail to close, there won't be any merger. It is only after the merger has been finalized that execution of the integration process begin to take effect (for Disney this process is projected to last up to 2021). That process helps identify key employees, crucial projects and products, sensitive processes and matters. That is also the time where layoffs begin. And there will be lots with the Disney acquisition. They've already spent a good penny for this acquisition, so they will be looking to trim (cough). I'm certain that we'll be hearing a lot concerning this from soon to be ex-employees in the near future. Disney has been in the news before regarding its layoffs when they acquired Marvel and LucasFilm. Now imagine that to the scale of some 71 billion instead the 4 billion each for the previous two. Yikes. One of the root cause of every merger's success or failure is cultural integration and 83% of mergers fail. Deals too big do not always turn out well. This will be a major test for Disney because Disney has not undergone a merger this large. Out of the 12 acquisitions it has total, 2 have been sold and 1 with part of its assets sold. 1 failed to meet its target.

Disney will probably do alright since it tend to excel in its film divisions currently. But there will be little change from the way Disney previously handles their movies: as few big blockbusters as possible for more profits (and less jobs). It's a strategy they've thrived on with a lot of the previous properties they've acquired. The fastest growing parts of Disney’s business are consumer products, theme parks and interactive. They make big juggernaut films that can be used for those brands. That's the whole reason they acquired them. Disney is still first and foremost....a business.

To sum up. A lot of people are going to get fired in the next 6-12 months.

IMHO one of the worst things about the Lucasfilm sale to Disney was the shuttering of LucasArts.

 

[Orba]

To sum up. A lot of people are going to get fired in the next 6-12 months.

IMHO one of the worst things about the Lucasfilm sale to Disney was the shuttering of LucasArts.

LucasArts had been a shadow of itself for years before Disney put it out of its misery. Poor management where the people in charge were constantly being replaced, and the new people kept then cancelling the projects of the previous teams. Giving Dev teams unrealistic targets then punishing them for not meeting them (and using it as an excuse to refuse to pay bonuses etc). Pushing out half finished and buggy games rather than giving Devs the time to properly finish them.

 

[TheVileOne]

LucasArts had been a shadow of itself for years before Disney put it out of its misery. Poor management where the people in charge were constantly being replaced, and the new people kept then cancelling the projects of the previous teams. Giving Dev teams unrealistic targets then punishing them for not meeting them (and using it as an excuse to refuse to pay bonuses etc). Pushing out half finished and buggy games rather than giving Devs the time to properly finish them.

And what do you call EA right now?

 

[Cktopl33]

To sum up. A lot of people are going to get fired in the next 6-12 months.

IMHO one of the worst things about the Lucasfilm sale to Disney was the shuttering of LucasArts.

Ooooooohhhhh it's going to be MUCH worse than that. The amount of people fired during those previous Disney acquisitions won't compare to what's coming. Even Disney employees aren't safe. Both sides of this merger are going to be impacted. And I suspect that process to last for a few years considering how large the merger is. It's an unfortunate outcome that simply go with the territory for merger/acquisitions but......it's still bad nonetheless.

 

[psylockolussus]

Its for the best of the company.

 

[Cktopl33]

Which doesn't make it best for the industry. And certainly not for the those fired or looking for work. But since Disney spent so much on it....they have no choice now.

 

[TheVileOne]

That's the thing about corporations. They do what's best for the corporation and not necessarily the employees running it.

 

[psylockolussus]

Which doesn't make it best for the industry. And certainly not for the those fired or looking for work. But since Disney spent so much on it....they have no choice now.

Disney doesn't have to think about what's best for the industry. They should focus on what's the best for their business which they are doing. Fox surely didn't think what's the best for the industry. Again let me remind you that Fox approached Disney to buy them. And if you think there won't be changes like people being let go in a merger, then disagree to agree.

 

[SumT]

whaat??? people will get fired???

Spoiler

welcome to real word, then.

 

[Cktopl33]

whaat??? people will get fired???

Spoiler

welcome to real word, then.

Tell that to a certain someone who feel one's job would be is "SO SECURE" in this scenario.

 

[TheVileOne]

Yeah after the merger is completed, it's going to be a blood bath. "Business as usual."

 

[TheVileOne]

Time Warner merging with AOL was a failure.

 

[Drexelhand]

However, to the Vile One, yes, AOL-Time Warner was a failure, but that was something that started from the top down. As much as I feel Disney-Fox merging is bad, its not being led by such insane leadership. Bob Iger is a way better leader than anyone in either of those two companies at that time.

 

[TheVileOne]

Obviously I hope this turns out better than AOL-TW, but we shall see.

 

[Cktopl33]

However, to the Vile One, yes, AOL-Time Warner was a failure, but that was something that started from the top down. As much as I feel Disney-Fox merging is bad, its not being led by such insane leadership. Bob Iger is a way better leader than anyone in either of those two companies at that time.

Disney still isn't beyond the tumble. Mergers can still fail even after regulatory approval completion & integration and Disney has had some failures before. Not all their acquisitions have been successful. That's why this will be a major test for Disney because it's the largest one yet they've done. It's success will depend on several factors including how well they can integrate the two companies, particularly business cultural integration. That could be a struggle for Disney going by what employees have said about Disney's practices and management. Time will tell. Until then, everyone's holding their breath.