I still don't know how Penguins cost the same as Dragons 2. One was made almost entirely in India, and one was made almost entirely in CA.
I'm not sure how they could have possibly spent $130m to make Penguins. It was supposed to have been made entirely in India, where salaries are probably 1/8 of CA salaries.
I was lucky enough to see an advance screening. The movie is fun and manic just like the Madagascar movies. Lots and lots of jokes but not much story. It felt like it was on the cheaper end of DWA films, but I think it will do well. The audience seemed to enjoy it, and my kids want to see it again. In fact - I'd rather see it again than read another Forbes article.
By your own numbers (which are correct) - he made a NICKLE A SHARE. That is $20k. I believe that pays his property taxes for 2 weeks. If you care to actually look it up - every Sept 29 going back a decade there is an automatic sale. You think a CEO and billionaire is going to risk an SEC investigation over $20k???
Look whats gone on under the hood at DW in the past 2 years: new distribution deals with Fox and the giant Chinese firm; fire 25% of the workforce; hire 2 dozen new "leaders"; get into internet space; get into tech space; a bunch of Netflix deals; shows, themeparks; giant Chinese factories. IMO these are cosmetic changes designed to sweep a suitor off her feet. If this deal doesn't happen another one will, and soon.
I do think there is something to these rumors; in short, what choice does DWA really have? When times were good the stock market still beat them up over the lumpy earnings. Even if ticket sales don't improve much the growing library has enormous (future) value. I actually think this is a fairly brilliant idea for Hasbro, whereas I felt the Softbank deal was just some idiot billionaire who thought it would be cool to own a movie business. In any deal Katzenberg will have a much easier time tugging the chain of a few private investors, instead of all of Wallstreet. That would buy the company time for the rest of the businesses to hit puberty.
You are an idiot and a liar. DNDN and SNTA have similar levels of cash, around $120m. DNDN has $588m in debt. SNTA has $16m. Do you see the difference?
Because Obama is just as bought as everyone else. He is a corporatist like every other President in modern history. Is it too much to ask to find a leader who actually supports the working middle class?
You may want to look up debt per capita and compare it to your own state; odds are your state is in worse shape without the benefit of generating enormous GDP. Keep in mind CA had Ronald Reagan and the Terminator as governors. The most damage - by far - was when Pete Wilson deregulated and sold off CA's power plants, and then Grey Davis wrote endless checks for energy that cost 30X normal rates. In all honesty Brown has done more to improve CA finances than the last 4 governors combined. He wasn't like this the first time around.
Sure, if you're into school-girl tentacle rape. Name the last Japanese animation you saw in theaters that you could recommend to your neighbors.
Does that make any sense to you? That Softbank made an offer for the company for 10% LESS than the market price?? The Street claimed $2B while everyone else said $3.4B.
He got rid of most of his Class A shares a long time ago, to fund buying up the majority of the "controlling" Class B shares. I believe he owns around 65% of the Class B shares.
Quite a few people still believe in this thing. I think the reports of "talks cooling" on Tuesday is a bunch of hooey. I takes more than a few days to evaluate a sudden multi-billion dollar offer, and if you are going to turn down a 50% premium you better have a very good excuse for your shareholders.
yahoo lists 84.67m outstanding shares, but I like your math better. IMO Katz would not accept $32, but he would accept $40.
Katzenberg holds the majority of voting shares, so he will have sole authority. Based on what I've heard about internal restructuring - in hindsight - I'd say there was a long-term plan moving into this deal.