The direct benefit to them is through the box office, which not only benefits that revenue stream, but also home video, pay TV and the like. Indirectly, it benefits them because it potentially drives the right talent to them.

While the studio's performance in the quarter will look dreadful, we don't think it reflects a significant negative turn in Disney's film business.

Disney's operating momentum is still the best of all the large entertainment conglomerates.

Disney's operating momentum is still the best of all the large entertainment conglomerates,

Even though that is three years away, we believe that the net present value for such a revenue stream is currently not priced into the stock.

Adding Harvey Weinstein to the board, one of the most influential people in Hollywood, is one way in which Mr. Snyder can at least ensure that he will 'get a meeting' with key Hollywood insiders and immediately be plugged into the entertainment industry.