Disney, Dot-coms, and the Muppets

A legit question for people who think well-known properties like Disney’s are licenses to print money is this: Why aren’t the Muppets worth more? News today is that Disney has purchased the Muppets from the Jim Henson Company for what was almost certainly a low-low price.

By way of background, back in 2000 media company EM.TV bought the Muppets for a staggering $680-million, which prompty drove that company into financial distress. The Muppets ended up back on the market shortly thereafter, with Jim Henson’s family re-purchasing the whole lot in 2003 for a “mere” $84-million. And now we have them turning around Kermit, Miss Piggy, and the Bear in the Big Blue House at a bargain price.