(Topic ID: 33363)

The end D. Gottlieb & Co. circa 1983


By MrBally

8 years ago



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  • 8 posts
  • 6 Pinsiders participating
  • Latest reply 8 years ago by Homepin
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    #1 8 years ago

    Signed by another one of Columbia Pictures' henchmen. After Bob Bloom wrecked everything. The beginning of Ratslym (pronounced: Rat Slime) and ultimately, the beginning of the end.....

    IMAG2834.jpg

    #2 8 years ago

    Sony does the same mismanagement of the film company now, makes one miss the Coke ownership of the film company.

    #3 8 years ago

    Anytime big corporations get involved, it signals the beginning of the end. The only thing that matters to them is revenue, they really don't care about product, customer (as long as they keep buying), workers, mission, vision, values, anything. As long as a steady stream of revenue is making its way in and the CFO balances enough cuts to stay on top, the board's happy, the stockholders are happy (if public) and all is well.

    Of course, revenue benefits the small private company greatly too, but the difference is a vested interest in the product/market. To these mega-conglomerates, small acquisitions like Gottlieb are just revenue pawns, and once they drain them dry, they liquidate and sell the assets and count any loss against taxes.

    I read somewhere online that a portion of Midway's assets was bought for $100,000 after bankruptcy. I wonder if the pinball rights were in this purchase? If so, with the pinball arcade going pretty strong on ios and consoles, that would have been a nice copyright asset to acquire for dirt cheap (in the scheme of things).

    #4 8 years ago

    The Midway asset sale wasn't as cheap as it would appear. One of the "assets" included in the $100,000 purchase was the two or three million dollars in debt. Someone paid to be a few million in debt.

    #5 8 years ago
    Quoted from The_Director:

    Anytime big corporations get involved, it signals the beginning of the end. The only thing that matters to them is revenue, they really don't care about product, customer (as long as they keep buying), workers, mission, vision, values, anything. As long as a steady stream of revenue is making its way in and the CFO balances enough cuts to stay on top, the board's happy, the stockholders are happy (if public) and all is well.
    Of course, revenue benefits the small private company greatly too, but the difference is a vested interest in the product/market. To these mega-conglomerates, small acquisitions like Gottlieb are just revenue pawns, and once they drain them dry, they liquidate and sell the assets and count any loss against taxes.
    .

    This isn't always true. Have you ever worked for a Fortune 500 company at the leadership level?

    I doubt it.

    #6 8 years ago

    No, I haven't and probably wouldn't want to. You're right, it isn't always the case, but happens more often than it should. The companies that retain leadership that started the business or worked up the ladder for years generally aren't this cut throat, but when you have a circle of leadership of non vested Ivy league MBAs, this method seems to be what you get more often than not.

    #7 8 years ago
    Quoted from The_Director:

    No, I haven't and probably wouldn't want to. You're right, it isn't always the case, but happens more often than it should. The companies that retain leadership that started the business or worked up the ladder for years generally aren't this cut throat, but when you have a circle of leadership of non vested Ivy league MBAs, this method seems to be what you get more often than not.

    It isn't the companies at fault - often it is the leadership. Big difference. Take Mr Bloom for example. He is basically stating that "brand" means nothing...which to anyone in business or who knows anything about organizitional operations knows that brand is everything. Companies spend billions of dollars and spend years building up a brand. To Mr. Bloom - he clearly thought, (in error as time now allows us to judge by) wrong.

    #8 8 years ago

    You see this corporate idiocy all the time:

    Philips Semiconductors renamed to "NXP" - 'WTF' would be more appropriate!
    Farnell Electronics to "Element 14" - WTF again?
    Hewlett Packard to "Agilent"
    National to "Panasonic"
    Motorola Semiconductors to "ON"

    and on and on the corporate foolishness goes - in some cases I can understand the distancing of different divisions within a company but why would you throw away solid names like those above?

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