Disney's Big Golden Globes Bet Backfires
One of the biggest surprises during Sunday night's Golden Globes ceremony came in the Best Animated Motion Picture category, where Disney (NYSE: DIS) and to a lesser extent Comcast's (NASDAQ: CMCSA) DreamWorks Animation were upset by Laika's Missing Link. Even director Chris Butler and producer Arianne Sutner seemed stunned as they struggled to find their way up to the stage, kicking off their acceptance speech by telling their peers that they were "flabbergasted" by the win.
A win is a win, and the welcome news for Laika -- nominated a couple of times in the past, but never a victor until Sunday night -- should help give Missing Link fresh legs in securing retail sales and digital distribution deals at this point. However, it doesn't seem likely that the the stop-motion animation film would've come out on top if it weren't for Disney putting up three contenders in the category this year. It was a bold bet by Disney to put up its three animated blockbusters for the award's contention, and with Comcast claiming the fourth slot, maybe it isn't a surprise that Laika came out on top as the lone indie nominee in the category.
Image source: Disney.
Source Fool.com
