Saturday, April 11, 2020
Marvel Enterprises Inc free essay sample
Marvel Comics was founded in the late 1930ââ¬â¢s with the their first comics appearing in 1939. Up to the time of the case, the company had changed owners a few times, had ups and downs, and had built a large following by providing up to 60 periodicals per month which included comics like: Spiderman, Fantastic Four, and Iron Man along with about 4,700 other characters. Decision Dilemna: What business model should Marvel Executives pursue to ensure continued growth? Analysis of Case Facts, Missing info and Contradictions: â⬠¢There was a lot of talk about existing deals; Iââ¬â¢d like to know the terms of those deals and when they were made, when they expire etc. â⬠¢One of those deals and a very important one was the SpiderMan movie deal with Sony. Said ââ¬Å"on the day of release, Marvel had only received about $25mm from Sony. â⬠Were they expecting to get more? This would be nice to understand the terms here to valuate worth. We will write a custom essay sample on Marvel Enterprises Inc or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They talk a lot about primary market, I would like to see a marketing breakdown of what they are marketing to who? How they are working to capture and keep intrest from toddlers to elderly enthusiasts. â⬠¢Iââ¬â¢d like to better understand the comic book market. Do customers stick with one comic like spiderman and only read that? Or do they start with a spidermand and evolve to others? Buy multiples? â⬠¢How many comic books does the average consumer buy? Adult vs kid? Would like more insight on efforts regarding Toy distribution, especially when they get space from a retailer 12 months in advance but then the film/toy gets squashedâ⬠¦how does this reflect on them â⬠¢I would like to see an organization chart; whoââ¬â¢s working for who, how many people are there, etc. at certain points it sounds like they have harldy anyone working there and others sounds like they have huge teams â⬠¢Would like more info on dollar amounts for movie revenues. Talks about US retail averages and then worldwide production costsâ⬠¦would like to compare apples to apples. World wide everything. â⬠¢I assume Marvel had IP surrounding their characters and story lines but itââ¬â¢s never mentioned. Would like that to be clarified â⬠¢ Contradictions: â⬠¢They talk a lot about comic books and the retailing around that but it sounds like their cashcow is licensing deals, movies, actionfigures, etc. â⬠¢The case discusses Marvels brand dating back to the 30ââ¬â¢s and how they believed they need to stay true to where theyââ¬â¢ve come from yet they are modernizing their comics, essentially retelling same stories but updated with modern technologies. Like spiderman having a cellphone â⬠¢The case discusses market share in the comic book industry showing Marvel and DC to be leaders with similar share in the market yet the case points out ââ¬Å"8 of the top 10 monthly comic books were Marvel publications. â⬠Little confusing without more info. â⬠¢Under Toys licensing; they state Marvel received a royalty fee of 15% of the wholesale value of toys sold. Then it goes on to say Marvel handles the design, marketing and sales and received a feed that generally exceeded 20% of toy wholesale values. Is this 20% on top of the 15%? Or al together? Add: Kotler Text and Personal Insight Decision Options: Status Quo: Continue doing what they are doing with licensing deals, movies, toys, etc. Pros: need 3 Cons: need 3 Capital Intense: Extend their content creation and production beyond comic books and toys. Write, script and produce own movies, tv channel and content, theme parks, etc. Pros: need 3 Cons: need 3 Sell Marvel: completely sell off the company Pros: Need 3 Cons: need 3 Back to Basics: focus on their roots of creating and re-creating comic books for enthusiasts Pros: need 3 Cons Need 3 My Decision and Why.
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