A reader emailed us an interesting observation about the stock prices of the four companies we're striking against whose core businesses are entertainment (ie: not GE and Sony). From day one of the strike (Nov 5) until yesterday, the stock prices have all declined:
Source: CNNMoney.com
Of course, many things factor into a company's stock price, but if you're a shareholder, you might suggest to your board that one way to boost confidence would be fostering productive, mutually beneficial relationships with the creators of some of your biggest revenue streams. A crazy notion, we know!
11/29/2007
Keeping Score at Home
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8 comments:
Sell and sell often!
The only thing an exec understands is a blackmail envelope and a fistful of worthless stock options.
Keep up the energy and the fight! :D
http://frakfraco.blogspot.com/2007/11/united-hollywood.html
you accidentally forgot to unbold in the HTML in this post, and so you've now "bolded" everything that follows on this blog.
Of course, in the interest of accuracy you should mention that in that same period, the stock market as a whole has dropped over 600 points.
The point being, optimism and hope and tea leaves aside, this is just the beginning of negotiations and we need to keep up the pressure. The AMPTP aren't yet feeling enough pain to drive them into a deal.
The Broadway stagehands gave up and caved to the Producers - time for the writers to do the same.
I hope someone is keeping an eye on creative stock deals, ala Enron. Would be interesting to know what studio CEOs are doing.
What is the dollar amount of the losses? Just curious...
What about GE (owns NBC Universal). Must be really suffering
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