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Yahoo
a day ago
- Business
- Yahoo
Charlie Munger Snubbed Paramount And Hollywood: 'I Don't Like The Unions, Agents, Lawyers, Or The Crazy Movie Stars —Always Gives Me The Willies'
lived near Paramount Studios—and never once took the bait. While others got starstruck by Hollywood, he stayed unimpressed and uninvested. At the 2023 Daily Journal meeting, months before his passing, Munger didn't just dodge questions. He dropped truth bombs. By then, he'd seen it all: the Great Depression, tech booms, dot-com busts, and Bitcoin hype. But nothing rattled him quite like showbiz. So when CNBC's Becky Quick asked him about Disney, she got the kind of answer only Munger could give. "Practically every business that Disney has has gotten tougher than it used to be," he said. "Again, welcome to human life." Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — That's how he opened. No dramatic buildup. Just a clear, cold observation: nothing stays easy forever—not even for a company that once "owned the world," as Munger put it. He recalled Disney's era of dominance—"The Lion King" conquering Broadway, content triumphs stacking up, victory after victory. "They went from triumph to triumph, marching, marching, marching," he said. "All of a sudden, on practically every front, it's more difficult. This is what happens." Munger wasn't writing Disney off. He noted the company still had real assets. But he didn't sugarcoat what they're up against. "How would you like running the sports, ESPN, now at Disney compared to its heyday?" he asked. "It's going to be way harder for them." Even the movie business, he warned, looked grim. "Movies look, to me, like it's going to be a bloodbath, too. It's not a bit easy." Trending: Maximize saving for your retirement and cut down on taxes: . That wasn't nostalgia talking. It was analysis. "In the heyday of ESPN, Disney made nothing but money out of ESPN. It was a total goldmine," he said. When the conversation shifted to Paramount—a large Berkshire holding at the time—Munger distanced himself fast. "I live within a few blocks from Paramount Studios and I don't even know anybody at Paramount," he said. "I have avoided the movies like the plague as an investor all my life." He was just getting started. "I've never made an investment in the movie business in any way, shape, or form. It always gives me the willies," he said. Then came the Munger rundown: "I don't like the unions, I don't like the crazy agents, I don't like the goddamn crazy lawyers, I don't like the crazy movie stars." Even after his passing, his instincts seemed to echo. At the 2024 Berkshire Hathaway shareholder meeting, Warren Buffett revealed he had finally pulled the plug on Paramount —and paid the price. "I was 100% responsible for the Paramount decision," Buffett admitted. "It was 100% my decision, and we've sold it all and we lost quite a bit of money."While Munger had taken a lifelong stance against Hollywood, Buffett took a position—then an exit. For Munger, it wasn't just the numbers—it was the culture. "Everything about it is not my culture," he said. "I liked those old English actors when they came over. I grew up with them. But, basically, movies are not my scene, so I've avoided it." He wasn't against performers or artists making a living. "It may be a very good place to make a living as an actor or a writer or a musician," he allowed. "But it's a hard place to make money if you're an investor." Munger never had time for chaos, hype, or industries run on personalities and promises. He wanted a margin of safety, cash flow, and predictability—and for him, the movie business had none of it. Even in his final year, he kept doing what made him a legend: stripping things down to what they really were—and walking away when they didn't make sense. Read Next: Here's what Americans think you need to be considered wealthy. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Charlie Munger Snubbed Paramount And Hollywood: 'I Don't Like The Unions, Agents, Lawyers, Or The Crazy Movie Stars —Always Gives Me The Willies' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
a day ago
- Entertainment
Disney on Broadway casts perform on 'GMA'
"GMA" shares an exclusive performance featuring Korean, Japanese and Broadway cast members from "Aladdin," "The Lion King," "Beauty and the Beast" and "Frozen."
Hindustan Times
2 days ago
- Entertainment
- Hindustan Times
Inside AbRam Khan's 12th birthday celebrations with sister Suhana Khan and mother Gauri Khan. Watch
Actor Shah Rukh Khan and Gauri Khan's youngest kid AbRam turned 12 on May 27, and he celebrated with an intimate birthday bash. It was a low-key affair, complete with adorable moments with Suhana, cuddles with Gauri and his nani, and a lavish food spread. Also read: AbRam made Aryan Khan break into rare smile for family pic, says Ashutosh Gowariker, discusses SRK's chemistry with sons AbRam's 12th birthday was marked with an intimate celebration at the Nita Mukesh Ambani Cultural Centre (NMACC) Arts Cafe in Mumbai. A glimpse into AbRam's special day was shared on NMACC's official Instagram through a video that captured the celebration at their cafe. 'Such a joy to welcome back Mrs. Gauri Khan — designer of the NMACC Arts Cafe - along with Suhana Khan and family for AbRam's birthday celebrations. Another evening full of sweet moments and big smiles,' read the caption alongside the video. The video snippet from AbRam's birthday party shows him walking into the venue with a huge smile, accompanied by his sister Suhana. It is followed by a moment of his mom, Gauri Khan, making an entrance. The video offers a glimpse into AbRam's birthday spread, which is loaded with pizzas, sweet treats, and a chocolate birthday cake. As seen in the video, the party was attended by Gauri's mother and Shah Rukh's manager Pooja Dadlani. Interestingly, Shah Rukh Khan and his son Aryan Khan are noticeably absent from the birthday party video, which features other close family members and friends. A post shared by Nita Mukesh Ambani Cultural Centre (@ Shah Rukh and Gauri share three children – Aryan, Suhana Khan, and AbRam Khan. AbRam is the youngest one. Shah Rukh and Gauri welcomed their third child, AbRam, in 2013. AbRam is often seen alongside Shah Rukh when he steps out of his home. When the actor greets fans outside his home from the balcony of Mannat, AbRam is seen beside him, too. Most recently, AbRam dubbed for Mufasa in the Hindi version of Disney's Mufasa: The Lion King, with Aryan Khan lending his voice to Simba. Mufasa: The Lion King is a prequel, and helmed by Barry Jenkins. It is drawn from the 1994 animated classic The Lion King, which was adapted by Jon Favreau in 2019.
Newsweek
2 days ago
- Entertainment
- Newsweek
'Lilo & Stitch' Live-Action Remake Breaks Numerous Box Office Records
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Entertainment gossip and news from Newsweek's network of contributors The original 'Lilo & Stitch' remains one of the most underrated films in the Disney canon. Even though it wasn't a massive financial success, the movie has a cult following and is one of Disney's best merchandise movers. More Entertainment: 'Black Panther' Game Canceled and Studio Shockingly Shut Down by EA This eventually led to 'Lilo & Stitch' getting a live-action remake to capitalize on the fan base that has grown for the lovable alien since 2002. Now, the remake has grossed over $421 million worldwide, meaning it has passed the original film's entire box office gross ($273.1 million) in less than two weeks. And that's not the only milestone this film has achieved. Stitch sporting red sunglasses in the live-action remake of 'Lilo & Stitch.' Stitch sporting red sunglasses in the live-action remake of 'Lilo & Stitch.' Disney 'Lilo & Stitch' has already broken numerous box office records in its limited time in theaters. This includes the Biggest 4-Day Memorial Day weekend box office ever with $182.6 million. This surpasses 'Top Gun: Maverick,' which had $160.5 million. The live-action 'Lilo & Stitch' film grossed $341.7 million in its opening weekend at the global box office. It has already outgrossed the original 2002 animated film. — Pop Crave (@PopCrave) May 25, 2025 Additionally, 'Lilo & Stitch' has the highest Disney live-action opening of all time across Latin America with $27 million in Mexico and $12.2 million in Brazil. Overall, 'Lilo & Stitch' has had the third-highest worldwide box office opening for a Disney live-action remake with $342 million, finishing behind 'The Lion King' ($433 million) and 'Beauty and the Beast' ($357 million). 'Lilo & Stitch' has also had the fifth biggest Monday of all time at the domestic box office at $36.5 million. The films in front of it are 'Black Panther' ($40.15 million), 'Star Wars: The Force Awakens' ($40.1 million), 'Spider-Man: No Way Home' ($37.1 million), and 'Avengers: Endgame' ($36.8 million). More Entertainment: 'A Minecraft Movie' Hits HBO Max for Free Streaming in June: What to Know On top of all this financial success, 'Lilo & Stitch' has been well-received critically as well. It currently has a 69 percent critics score on Rotten Tomatoes and a 93 percent audience score. However, there have still been some vocal fans who are upset with changes made from the original, including completely cutting a character and making a significant change to the original movie's ending. Despite this, it seems that the masses are willing to ignore these changes and make this version of 'Lilo & Stitch' one of the most successful Disney films in years. More Entertainment: 'Wednesday' Success Left Jenna Ortega an 'Unhappy Person' 'King of the Hill' Revival: Release Date, Cast, Plot for Hulu Reboot 'Rick and Morty' Season 8 is Now Available to Watch—Here's How to Stream For more Disney and entertainment news, head on over to Newsweek Entertainment.
CTV News
3 days ago
- Entertainment
- CTV News
Broadway Across Canada The Lion King
Giraffes strut. Birds swoop. Gazelles leap. The entire Serengeti comes to life as never before. And as the music soars, Pride Rock slowly emerges from the mist. More than 100 million people around the world have experienced the awe-inspiring visual artistry, the unforgettable music, and the uniquely theatrical storytelling of this Broadway spectacular – one of the most breathtaking and beloved productions ever to grace the stage. Winner of six Tony Awards®, including Best Musical, The Lion King brings together one of the most imaginative creative teams on Broadway. Tony Award®-winning director Julie Taymor brings to life a story filled with hope and adventure set against an amazing backdrop of stunning visuals. The Lion King also features the extraordinary work of Tony Award®-winning choreographer Garth Fagan and some of Broadway's most recognizable music, crafted by Tony Award®-winning artists Elton John and Tim Rice. There is simply nothing else like The Lion King. Disney's The Lion King at the Queen Elizabeth Theatre from August 20th to September 14th! For more information click here.
