| Eugene David ...The One-Minute Pundit |
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Tuesday, July 12, 2005
![]() Several days after having a fierce chuckle with DR. EVIL at a high-powered confab -- at our expense, no doubt -- Dave Geffen confides: "The live-action film business is not a great business," Geffen complained. "If you aren't a back-end user - if you don't own HBO or TNT or something like that - it's very, very hard to rationalize the expense of making a movie. More than half the movies made - considerably more - lose money."... "Today, the animation company has a market cap of over $4 billion and the whole company has a market cap of well over $5 billion. [Wall Street seems to have taken care of some of THAT. --ED.] The animation business is infinitely more profitable than the live-action business. [Growth] has to come in animation." So what the heck is Geffen doing in live action anyway? "Hoping to have a hit," he said. "It's very expensive to make movies. And if you make a mistake, you lose a lot of money." Tell that to your SHAREHOLDERS.
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