O.K.. that's a pretty complicated question/statement, but I'll offer what I can. First of all, the entertainment industry in general has changed so much from when Jim started out. Even 20 years ago, he was frustrated at how long it took him to actually sell "Emmitt Otter" since, as he said "there were only three buyers" (ABC, CBS & NBC). That's not the case anymore, as we have everyhting from cable, and home video to ipod and now cell phone programming. The down side for everyone, is that there is less money to be made from every production, so budgets get cut, and quality goes down. The whole reason Jim even considered selling The Muppets to Disney was that it allowed him to concentrait on the creative end and not have to shop stuff around, since they would be the sole buyer/distributor. The material could have been exploited in any avenue Disney had, and a huge profit from each wouldn't be needed, since it would all ultimately be going into the same pot anyway (financial synergy). Think "Disney/Pixar".
It was described as "a marriage made in show business heaven", and the two things that loused it up were Jim's death, and Michael Eisner-'nuff said.
Now the only way any big production company can survive these times, is with diversty, and Henson is no different. The Hollywood Reporter issue that showcased Henson's 50th was fastenating, since it showed The Jim Henson Comapny trying to be a small scale Disney. They were very proud of how they are able to do their own in house CGI animation, and the various non-creature productions they are in association with, but there was very little in the way of classic Muppets, since they have not had a hit with them in a long time. Muppets have to play it safe right now, and follow the pack, because it is just too financially risky to lead it. So instead of "Muppet Shows" and "The Land of Gortch", we get rehashes and remakes-"America's Next Muppet?"-the focus group for that one came back with a collective "who cares?" and they are right. If "Muppets Wizard of Oz" had done anything ratings-wise, you can bet there would be at least one new Muppet televison movie a year-maybe two, and possibly even a new series. And if that kind of profit was to be had, you can also bet that every other producer in town would be turning off their computers and going back to sculpting foam rubber. But as each new Muppet production limps by and dissapoints, the budgets get cut further, performers are paid non-union wages, and we see less of our favorite characters.
However, if there is even a small chance any profit to be had, most production companies are willing to try to find it. Pixar's "Cars" is going to do a zillion dollars this year, so we also get "Hoodwinked" and "The Wild" because even a 10-15 million profit is nothing to sneeze at, and helps the company's collective bottom line. So Henson will continue to keep the characters alive, and "The Fraggle Rock Movie" will be done out of the country and non-union to save costs, and do at the box office what all those "Pooh" movies do, (high profile, merchandise profit, small b.o. profit, quick to home video, more small profit) and they will continue to sell more "limited edition" Muppet figures that we all collect so that they can keep the lights on at Chaplin Studios while they plan out the next "Henson Films" Harry Potter/Narnia rip-off "the kind of film that Jim would have done" where (they hope) the real bucks are. Financial synergy.
Oh, and by the way, the kids are not "running the comapny". They are still on the Board, but Brian was relieved of that duty years ago, and outside suits have taken over. The kids are publicity figures, and about as active as Roy Disney is in animation over in Burbank.
Frank got out just in time.