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Walt Disney Company is the most successful at monetizing human nostalgia [audio]

https://www.acquired.fm/episodes/the-walt-disney-company
38•speckx•1h ago

Comments

actionfromafar•1h ago
Who's the best at monetizing non-human nostalgia?
baxtr•1h ago
Isaac Asimov
bluedino•1h ago
There's an ice cream shop around here that cashes in on nostalgia.

40 years ago, there was a dairy that made ice cream, and sold it in the summers on the side of the building. We'd go there as kids, line around the block, everyone loved it and it was a very popular and loved place.

It eventually burned down, the company stopped production, you know how it goes.

About ten years ago, someone built a clone of the old dairy's neon sign, rented a new building, and served generic hand-dipped ice cream (blue bunny brand?)

It's just regular ice cream. But they have the sign. And they can charge $8 an ice cream cone, and people line up just like they used to. Ridiculous.

landryraccoon•1h ago
Seems fine to me. If people like it why be a curmudgeon about it?

The old company made a mistake by not rebuilding, there was demand for ice cream at that location and somebody met that demand. Now people can eat ice cream under an old timey sign like they want to, good for them.

whaleofatw2022•1h ago
Something to be said for branding.

There's a pizza place by me called "slice of the 80's" that has tacky vaguely 80-s feeling styling.

Surprisingly its been around for over 15 years and not the flash in a pan pizza shop that tends to come and go. Heck, I dont even think its very good, yet it has survived.

fragmede•1h ago
that last sentence. it's been 15 years and you don't have a story about either how the owner suck that one time you went or there're awesome and you can't stop going there, but hey, you've seen their sign. I've never been there either but shit dawg
SubmarineClub•17m ago
Why shouldn’t we judge people for dumbass consumer behavior/ interests?

Disney Adults are fucking weird and I’m not ashamed about saying it.

OsrsNeedsf2P•1h ago
It's a podcast so I can't skim it for sources, but I wonder if Oldschool Runescape by Jagex is a competitor for the title. They've made hundreds of millions off rebooting an old game
fragmede•1h ago
just ask Codex to do that for you. Or whatever AI client you're using. I'd do it do it but my laptop is closed andon the other side of the room from me.
motbus3•1h ago
Nostalgia is also powerful way to trick yourself to think things were better when they were not.
randycupertino•1h ago
I have a coworker/friend who is a "Disney Adult" - she has an entire room in their 4br house that is designated to Disney paraphernalia, including a $16,000 swarovski crystal Cinderella purse and $3k jeweled mini mouse ears. They are members of Club 33 which is $33,000 a year to join and have a timeshare that was integral to a wider family drama fighting over the usage rights for. She will go on global vacations to visit Disney parks but not see any of the local sites.
trescenzi•14m ago
That’s next level and might even be more than Disney adult. I spent a whole month last year at Disney Word and am doing it again this year but even I describe that as going too far.
organsnyder•5m ago
Do you go into a park every day of that month? I found I was peopled-out after a week.
stymaar•1h ago
You won't convince me that this title doesn't belong to Activision Blizzard.
fragmede•1h ago
whatever the formula you want to use, it's something something times something equals dollars and whoever has the more dollars wins and well I love the shit out of Blizzard for being formative during my childhood but I'm sureWalt Disney has more money than Blizzard does. Or whoever owns Walt Disney.
stymaar•1h ago
Walt Disney is also making new things (the most popular franchises among today's childs aren't reheated old stuff, they are new franchises: Frozen and Moana).

Blizzard on the other end hasn't made anything that was not nostalgia farming for a decade. And besides Overwatch you have nothing new in this century. That's a lot for a company that's barely 30 years old…

The second last time Blizzard launched a new franchise, Mulan had just been released…

pkaye•27m ago
What about the Final Fantasy series by Square Enix.
xg15•1h ago
I feel if they really were, they'd revisit the 2D animation style that all the classics were in and release new movies in it.

Instead, they seem to have largely settled on the Pixar style for "new" IPs, while mechanically producing live-action remakes for every classic.

I don't really get the strategy.

DarkNova6•14m ago
Look at the C-suite. It's full of people from tech and even bio-tech. It's the California strategy of buying up competitors and attempt a monopoly.

It's no surprise they let their own brands completely languish.

mstade•8m ago
I mean, they did do the whole Mickey Mouse series which was excellent. My favorite by far being Croissant de Triomphe: https://m.youtube.com/watch?v=zCaxXQdkfPk
u1hcw9nx•1h ago
They truly are.

Star Wars is perfect example of it. Star Wars is now repetitive genre like police procedural or western except Disney owns it.

With few exceptions they have successfully frozen the franchise and just do the same things over and over again. Why change it as long as it makes money.The postures, scenes, phrases, characters, are done with constant repeat and minimal variation. "I've got a bad feeling about this" appears in every single Star Wars movie in some form. live action and animation series have it. They are not shy about it, they even make "I have a really good feeling about this!" jest once.

xg15•1h ago
I noticed this during the campaign before The Force Awakens.

One of the ads was just a shot of the burned-out Darth Vader mask and nothing else - no tagline or logo or any other text that it was about a Star Wars movie.

It's as if the marketers were saying to their audience "you already know what we mean, right? We understand each other..."

They place an enormous trust in the cultural symbols they bought.

copperx•38m ago
The amount of trivia that you must handle to be able to understand the latest movie is mind boggling. Disney should do education, because I would need to watch and study all the previous movies, which is probably a year worth of work, before I can watch subsequent releases. Perhaps not as hard work as studying linear algebra, perhaps, but still a lot of person hours involved.

The amount of information that the average fan retains about Star Wars is mind boggling, compared to their, say, knowledge of world geography.

I am also in awe of sports fans in a similar way. They command large swaths of dry, boring information such as world series stats with great enthusiasm.

andrewstuart•1h ago
The Critical Drinker would beg to differ (look him up on YouTube).
yodon•30m ago
>Walt Disney Company is the most successful at monetizing human nostalgia.

Coca-Cola has a much larger market cap than Disney, and the Coca-Cola brand is very intentionally a nostalgia-driven, golden age, remember the good times brand.

cj•22m ago
Coke doesn't own the copyright to any of my nostalgic childhood memories, while Disney certainly does!

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