#A24 #FilmLemmy
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.
this post was submitted on 13 Oct 2023
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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.
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.
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.
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.
Because if they don't the PE firm either cancels bonuses for sr management or fires them outright.
You can't beat your boss.
I seriously thought this was a gag at first, sad.
Is that the company that Kane Parsons is working with?
Ah fuck. Hazbin Hotel is being produced by A24.
Guess we can kiss that quality goodbye.