In an earlier post it was revealed that he sold off a lot of his Australian land holdings in '85 to pay down the debt.
Just to quickly recap: HAC made a Hostile Takeover run on Disney ITTL, but failed, accumulating a lot of debt. But HAC had craploads of assets including lots of Real Estate in Australia that we has able to liquidate to pay down the debt. There was enough liquidity left over that he partnered with Turner on the blitzkrieg takeover of CBS. This, ironically given the failed Disney run, got HAC more deeply invested in Entertainment than IOTL. Thus, he made the choice to acquire MGM's share of Tri-Star (~33% IIRC) when Turner bit off more than he could chew with the MGM/UA buy from Tracinda (as per OTL). And then, when Turner grabbed Columbia Pictures from Coca-Cola (Sony eventually bought it IOTL), he used the newly liquid assets over the (as per OTL) stock market incited selloff of some of his industrial assets to buy up Columbia's share of Tri-Star (~33%) giving him a supermajority of Tri-Star and unquestioned control. The big irony here is that his failure to acquire Disney has led him deeper into the Entertainment world ITTL and away from his industrial and real estate origins, mirroring Gulf+Western's evolution into Triad ITTL.
Just as Turner turned towards the Warner name OTL, here he's gone Columbia! The fact that both Columbia Pictures and CBS, two unrelated entities, have come under the same umbrella is just incredibly amusing to me. Gotta wonder what this means now in terms of what both Columbia and Atlantic will put out, given the wide array of movies and shows under their belt now.
There's something incredibly satisfying about CBS and Columbia Pictures being under the same corporate umbrella that can't be put into words. It's nowhere near OCD, but it's just so satisfying.
It amused me to do that too, I admit. I could just see Turner liking the idea of uniting all things Columbia. Viacom is still out there, but that'll be a harder bite to take.One has to wonder if Ted Turner's Empire has weak foundations- even with the restucture he has brought all these companies, but they seem quite overlapping? Is the group wasting tons of cash on similar projects? On admin? PR? Is it too big now? 4th largest company, sure, but is it stable?
Disney picking up As You Wish Entertainment gives them an interesting 'Inde' studio for possible projects they cannot make elsewhere. The studio probably needs a hit soon I'd have thought?
Orion picking up International Video Entertainment - seems like good future proofing for them. Wonder if they will get into digital formats (OTL DVD) quickly?
Does Coke's share price stabilise again after the sell off of Columbia?
Will Bally Entertainment (still?) operate the hotels at the Six Flags parks?
Interesting chapter
@Geekhis Khan
So Orion now owns Family Home Entertainment... the fact the Orion now owns home video rights to Gumby, Thundercats and maybe even TMNT and the Transformers (if they still have home video rights to that...) as of 1988 ITTL is amazing.
Also, whatever happened to MGM/UA Home Video? Did Turner keep it and folded it into CBS/Fox Video? or did Disney buy it and it now serves as a label of Buena Vista Home Video? Speaking of which, does whoever now owns MGM/UA Home Video still have home video rights to post-1981 United Artists films?
Turner can be pretty impulsive about things, but he's not the clueless yokel his detractors of the time assumed. He's picked and chosen his assets carefully. For example (to answer @myacc1) he sold MGM/UA Home Video back to Tracinda along with all of UA, including the UA library. He also hires smart people and actually listens to them sometimes. Right now the strategy has been to buy, break up, and sell off what he doesn't need, such as the stakes in Tri-Star and As You Wish. A lot of the distribution and home media divisions of the buys were passed along to HAC's ACC, who lacked that type of infrastructure. Note that even with Columbia and CBS Turner is still smaller than OTL's Time-Warner.
Orion acquiring LIVE was IIRC something that Carolco did IOTL, IIRC. Recall that Carolco bought Orion in '85 or '86.
Coke's stock will indeed stabilize. Between Columbia and New Coke it was a challenging few years for them.
Bally still owns all the hotels and is focusing their efforts there. Presumably they make a partnership with WB the way Marriott partners with Disney ITTL.
So, instead of Bugs Bunny and Daffy Duck, Turner now has first-run control of... Krazy Kat, Barney Google, and Fox and Crow?
Well, at least he has (some) control over the Stooges, assuming he can make peace with the Horowitz and Fine (Feinstein) families. Good luck with that.
Well, we can certainly expect to see the old 'toons on Cartoon TV.
The Stooges...who knows? Not too familiar with the politics behind the rights. I'm sure Turner would love to play the 3S on TCM.
The fact that Coca Cola at one point in time seriously owned a major film company like Columbia is one of the weirdest moments in cinema history and no one can tell me otherwise.
Agreed. The fact its a Dork Age from what I can tell really says a lot.
Speaking of it, wonder if Terry Gilliam's Munchausen has been or will be made at one of the Disneys instead.....
Yes, that always amused me too. And yea, it was a rough time between New Coke and David Putnam's rocky run in charge of Columbia.
Munchausen gets mentioned tomorrow!
So, Geekhis. Do you mind giving a recap of how much the Top 7 film studios currently own? Even if it has to be in a separate post?
Absolutely. Great idea. Expect it in the next few days.
Minor typo: Lear not Leer.
I'm actually talking about his cousin, who has the tendency to stare at people for an uncomfortably long time.
In all seriousness thanks, will edit. I hate those ones that Spell Check misses!
Despite Holmes's failed acquisition of Disney, he seems very content with continuing to eat up media companies, especially in America and Australia. His acquisition with Tri-Star is a bit interesting, what can he make do with his new film company?
Disney acquiring As You Wish is also just as fascinating but they're pretty much a wild card in my eyes, since they didn't exist IRL, although I think they will get along with Henson and the rest of the creative types, which could prove crucial in their next endeavors.
Yeah, I'm also surprised as well but then again it was the 80s. 🤷♂️
Will TriStar still be a thing? (I remember you mentioning them in our PMs for a Flashman film co-produced between TriStar and EMI ITTL).
Welp, better add the Show about Nothing to the list of Disney's Generous Supply of butterflied assets.
Yeah! That's gotta be right up there with Transformers, Dungeons and Dragons, and maybe even the Pink Panther cartoons!
Yeah I am definitely sure that Disney is going to use the Pink Panther property in one way or another, although I think that'll be on the back burner compared to the Marvel superheroes, Transformers, Bio-Force V, Ghostbusters, Back to the Future, or even DnD.
Makes me think at how big Disney actually is compared to OTL 2021 with all of these early acquisitions of IPs....
As mentioned above, yea, HAC has ironically been pushed more into Entertainment than IOTL despite being o nthe bad side of a buyout attempt. HAC's ACC will keep the iconic Tri-Star brand as their film division and merge or shed CBS Films assets and infrastructure.
Having Disney take over the stake in As You Wish seemed logical to me since there's an existing relationship through
The Princess Bride and Bernie's existing relationships with Carl & Rob Reiner and Mel Brooks. Also, the philosophies on art & profit seemed aligned. Unless someone has a more logical pairing?
Transformers
could make a big return like OTL, or maybe not...I haven't decided yet. Ironically, I actually intended to have Disney divest themselves of those rights specifically so as NOT to keep Disney acquiring things that became Super Big IOTL, but you all talked me into keeping them and MLP! (I actually retconned a post based on reader feedback in that regard if you recall) D&D is probably never going to be a major asset. A few million a year in game supplement sales (rather minor compared to other IP for a company Disney's size), maybe a movie or TV show or two at best, but certainly no D&DCU ahead.
Technically, Turner owns the largest stake in the
Pink Panther. Recall that Disney owns the MGM Name/Label and Theme Park rights, but only a 20% stake in the MGM pre-'85 IP. Turner owns 31% and Dodi 20%. If MGM made it before Disney bought the label, then Disney will need to partner with Turner's Columbia to do anything with it.
And full disclosure mini-meta: I actually try not to think too much about what buys I have anybody make before I make them in order to keep things more organic. I look at when something came up for sale IOTL and, unless there's a butterfly that would avert the sale, I just try to figure out who's gonna grab it ITTL based on the strategic circumstances. For example, ironically I originally wasn't going to have Disney and Marvel merge just to specifically avoid OTL alignments to be different, but as the TL progressed the butterflies just sort of made themselves known to me and it would have made little sense for Disney to pass up the chance to buy up Marvel when the owner put the assets up for sale in '85 as per OTL, given their established TTL relationship.
Assuming Kingdom Hearts doesn't get butterflied, a tabletop could be pretty neat.
I think Kingdom Hearts may be replaced by MickeyQuest:
If we are looking for an alternate Batman director? Alex Proyas. Hell, just to make things really wild, cast Brandon Lee as Bruce Wayne/Batman. I did a cursory google search and agree with this sentiment, but it depends on when the Great Khan plans to release Batman ITTL. Proyas had only...
www.alternatehistory.com
MickeyQuest is technically a super-simple tabletop RPG (makes basic D&D look complicated). TTL's version of Kingdom Hearts will get a nod coming up fairly soon.
Y'know, if anything, I can envision Henson as Mickey, Lucas as Donald, and Spielberg as Goofy. How?
-Henson comes up with wild ideas practically every hour, and a lot of people have considered him the second coming of Walt, who represented Mickey as good as Henson represents Kermit.
-Like Donald is to Mickey, George Lucas is a frequent collaborator of Henson's, to the point that Frank Oz helped to make Yoda the icon he is to this day. Unfortunately, at the worst of times, Donald's greed can be seen through Lucas's ambitions. Especially if we were to look at the prequels!
-As for Spielberg? Well, if you've seen A Goofy Movie, you'd know that both Steven and Goofy have been able to both tug at your heartstrings and make you split your sides with laughter at the drop of a hat. For the heartstrings, we have Schindler's List. For the side-splitting hilarity, look no further than the universe of Animaniacs.
You may recall that Ron Miller was Mickey, Henson was Goofy, and Lucas was Donald in their little "Three Mouseketeer's club" in '84.
Will we still get these ITTL:
en.wikipedia.org
en.wikipedia.org
And will they be picked up as their own series?
I'll need to think about that. TotIH IIRC marked the very first Gratuitous Stan Lee Cameo.