The force is strong in this firm
Disney is making a fortune and safeguarding its future by buying childhood, piece by piece
AS AUDIENCES left the premiere of the new Star Wars film, “The Force Awakens”, in Los Angeles on December 14th, its last image still alive in their imaginations, it became obvious that the hit of the year had arrived. Those at the screening saw plenty that is familiar from the original three episodes of the saga. Old characters from the 1980s Star Wars films are joined by a fresh generation of heroes to battle stormtroopers of a new evil galactic order. There is even a new hope of mysterious parentage on a desert planet, though now it is a woman, Rey, instead of Luke Skywalker. After three disappointing prequels the film is a return to form.
If “The Force Awakens” evokes the past, but on a grander canvas, Bob Iger, boss of the Walt Disney Company since 2005, has also set about remaking an original formula on a more ambitious scale. An intricate flow chart drawn in 1957 (pictured) elegantly lays out the company’s strategy, with films at the centre surrounded by theme parks, merchandise, music, publishing and television. Each piece of the business provides content and leads to sales for the others. Putting films back at the heart of the business is a reboot of the Disney family’s original scheme to dominate the entertainment industry by using content to appeal to a bigger, global audience.
This article appeared in the Briefing section of the print edition under the headline "The force is strong in this firm"
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