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But even if Comcast wins over Disney's board, shareholders and regulators, they are sure to face opposition from an American public increasingly wary of growing media consolidation " : Marry our media distribution channels to your programming, and great things will happen Another part is old-fashioned takeover tactics: Strike when your opponent seems weak, and promise to run the company better than he can The ill-fated AOL-Time Warner combination never delivered on its goals of "synergies" between media content such as movies and TV programs coupled with new ways to deliver it "A Comcast-controlled Disney would have a more powerful seat at the media negotiating table "We believe either balance or scale will be a strategic imperative in the increasingly consolidated media world," Merrill Lynch media analyst Jessica Reif Cohen wrote in a note to investors Thursday "It comes down to people, execution and not getting ahead of yourself," Roberts said Ironically, ABC has badly lagged behind other networks despite being part of Disney's big media family Comcast is hoping that its proposal won't be seen as another AOL Time Warner, or for that matter as another Vivendi Universal " What's more, integrating TV delivery systems into companies with movie studios isn't necessarily a bad idea AOL and Time Warner made similar promises when they merged four years ago, and that became a spectacular mess Burke noted that ABC was a distant fourth among the major networks, and that Disney's mighty ESPN channels have lower profitability than even Comcast's own tiny Golf Channel That deal between a French TV and telephone company and the Universal movie studios was another disaster, and the union was dismantled by a subsequent management team In a presentation to investors, Comcast's cable chief Steve Burke suggested video-on-demand channels keyed to special themes such as kids' entertainment 's proposal to take over Walt Disney Co "It's a management issue Even though it has dropped "AOL" from its name and abandoned its goals of revolutionizing the media, Time Warner is still the biggest power to be reckoned with in the industry Blair Levin, a regulatory analyst with Legg Mason, says the failure of ABC says more about Disney than it does about whether integrating media content with media distribution is a bad idea Comcast-Disney Another Doomed Media Deal? Feb 12, 7:13 PM EST There's a familiar ring to Comcast Corp But there are important differences this time around Part of what Comcast wants is simply to be bigger in an industry where size counts 's cable systems â€â€? would be setting realistic goals " Comcast says it has real ways to take advantage of linking Disney's stable of sports, entertainment and animation programming to its vast cable systems Comcast chief Brian Roberts is conscious of the ghosts of failed media mergers past, and is eager to avoid comparisons with them On the same day that Comcast announced its offer for Disney, a federal appeals court in Comcast's hometown of Philadelphia began hearing arguments from media access groups that the Federal Communications Commission went too far in easing media ownership rules last June Now NBC and Universal are combining, hoping to make their own case that media integration works "It's not a structural issue," he said But even before he got into the whiz-bang new business proposals, Burke also made arguments that have more to do with bare-knuckle takeover tactics than with dreams of media synergies: We can run your company better than you can Creating new businesses and services is just one part of Comcast's strategy It was just about two years ago that a federal court threw out long-standing rules that forbid one company from owning cable TV systems and a broadcast TV station in the same market, making a combination between a cable company like Comcast possible with Disney More recently, there has been a serious backlash to moves to loosen media ownership rules A combined Comcast and Disney would surpass Time Warner as the largest media company in the world, with $45 billion in revenues Viacom Inc Jeff Chester of the Center for Digital Democracy said that Roberts and Comcast "fail to appreciate" that the widening concentration of media ownership is "a threat to American democracy He also promised to restore the "energy and creative spark" to Disney's theme parks and rebuild Disney's animation business At a New York news conference Wednesday, Roberts said his management team â€â€? which had just finished integrating AT&T Corp " What's more, Chester said the fact that they would announce a deal on the same day as the court hearing "suggests that they are out of touch with how millions of Americans â€â€? who opposed the recent ownership changes â€â€? feel about further media consolidation , which owns the Paramount studios, has done well following its combination with CBS " He said such demands could scare off foreign investment in New Zealand There was no immediate comment from the filmmakers and shooting went ahead without delays Monday Maori spokesman Te Miringa Hohaia said some gesture, "not necessarily cash," needed to be made to Maori in recognition of their "special relationship" with Mount Taranaki No Maori group has threatened to disrupt filming if some kind of gesture is not made, but opposition Act Party lawmaker Ken Shirley called their appeals the "sort of extortion The volcanic-coned mountain is likely to be transformed into Japan's Mount Fuji in "The Last Samurai," which began filming near the mountain Monday you expect from a corrupt society in the Third World Director Ed Zwick has said it's likely that computers will be used to superimpose Mount Fuji into the New Zealand scenes after filming Maori Seek Gesture for Mountain in Movie Jan 13, 1:44 PM EST Indigenous Maori are demanding gifts as recognition of the role one of their ancestors â€â€? a mountain â€â€? is playing in a Tom Cruise movie being shot in New Zealand Some Maori have claimed filming will disturb sites sacred to local tribes In tribal legend, Mount Taranaki is regarded as an ancestor of Maori who live in the region now |
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