Posted
6:28 AM
by Gene

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.