Entertainment Law Case Study
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Please answer the following strategy and legal questions one by one after reading“The Walt Disney Company”. The answers should be in a total of 3 pages (for all three questions together), single spaced (Times New Romans, 12 font).
1) Bob Iger, CEO of Disney has decided to shop its big current assets ABC and ESPN to see if there are possible buyers or partners. His current thought is that streaming is the future for Disney. However, another long-time media person, Barry Diller, commented on CNBC (9/26/23) that streaming is too fractured of a market, that Netflix “owns” the streaming market and that businesses that own over-the-air networks should leverage those for future success because they cover all 350 million people instead of 50-60 million like the big streamers. This case study covers a lot of information on both technology marketplaces. Decide which is best and support your decision.
2) Disney has purchased Marvel, Lucasfilm, Pixar, and others. They have one of the largest production budgets of any media company. Therefore, they own one of the largest collections of intellectual property of any media company. Describe how they should best protect their intellectual property.
3) Disney has all of theme parks, which are sensitive to physical attendance, and also entertainment that can be consumed anywhere, plus an international presence. Which (pick one) would you speed development on for the next five years and why?
Then, after reading the case study“EDMONTON OPERA: ACCOUNTING, FINANCIAL ANALYSIS, CRISIS, AND RESILIENCE”, please answer the following three questions in 3 pages((for all three questions together) ) single spaced. (Times New Romans, 12 font)
1) The Edmondton Opera survived COVID and even had a small profit that year. What helped them be profitable?
2) In addition to Force Majeure clauses, what else might an arts organization do to prepare legally for a catastrophe on the order of COVID?
3) The Opera is planning on a digital strategy. What would that do for their overall business resiliency? What legal preparations should they make for such a strategy?
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