There were a lot of shuffling feet in Tinseltown yesterday.
Over at Walt Disney
There was a little more bloodshed at General Electric's
Both film giants are struggling. This has been a somewhat resilient year at the box office, but not for Disney and Universal. Recent Disney duds include G-Force, while Universal has flopped with Land of the Lost and Funny People. Slowing DVD sales only compound these moviemakers' troubles at the multiplex.
Folks just aren't buying optical discs the way they used to. There was some initial excitement when the industry rallied behind Sony's
We can partially blame the Internet; Hulu and Google's
This doesn't mean that Disney and Universal weren't ripe for some fresh thinking on the theatrical front. Box-office hits become even more important as the home video revenue stream dries up. However, it's hard to imagine Disney's streak of movie flops continuing, now that it will have Marvel Entertainment
Ross is stepping in at the right time -- during a film studio lull, and just as the Disney Channel appears to be peaking.
I just hope that all media moguls are adjusting their cinematic expectations accordingly. The future isn't as bright as they think.
What will it take to save the movie industry? Share your thoughts in the comment box below.
Google is a Motley Fool Rule Breakers pick. Walt Disney and Marvel Entertainment areStock Advisor recommendations. Walt Disney is an Inside Value selection. Try any of our Foolish newsletter services free for 30 days. Longtime Fool contributor Rick Munarriz can usually be found at Walt Disney World. Not today, though. He does own shares in Disney. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.