Miramax Rumblings

More rumblings between the Weinstein brothers and Disney regarding the future of their company Miramax. Eventually these rumblings are going to build upto an earthquake and Disney is on much more stable footing.

The whole issue comes down to how much money a profit center makes for the company. Corporate hands out goals for the year 10,20,30 percent and if you don’t meet those goals you’re in danger of having corporate shut you down. Never mind that the 8% profit you might be making is near a hundred million dollars. Never mind that if Disney shuts down that profit center then they likely lose those customers.

Part of me things they’re deliberately shunning those customers from Miramax. They don’t want them. The other part of me thinks Disney’s too stupid to know what they’re doing. As a stockholder, either answer leaves me unsettled.