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  1. Post
    #1

    Disney to buy 21st Century Fox Assets for $52.4 Billion

    Welp, it's happening: http://variety.com/2017/biz/news/dis...er-1202631242/

    Properties such as X-Men, Fantastic Four, Deadpool (which Disney CEO Bob Iger said will remain R-rated), The Simpsons, FX Networks and National Geographic will now pass to Disney.

    The Walt Disney Co. has set a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire. The deal between Disney and 21st Century Fox marks a historic union of Hollywood heavyweights and a bid by Disney to bolster its core TV and film businesses against an onslaught of new competitors in the content arena.

    Key elements of the transaction unveiled Thursday morning:

    The deal values the 21st Century Fox assets in the transaction at $66.1 billion, including $13.7 billion in 21st Century Fox debt, or $28 a share. The enterprise value of the deal is $69 billion.
    Disney chairman-CEO Bob Iger has extended his contract with the company for another two years, through the end of 2021, in order to oversee the integration of the assets.
    21st Century Fox shareholders will receive 0.2745 Disney shares for each Fox share held, giving Fox shareholders about 25% of Disney.
    21st Century Fox will spinoff Fox Broadcasting Co., Fox Sports, Fox News, Fox Television Stations and a handful of other assets into a new company that will have revenue of $10 billion and earnings of about $2.8 billion. The 20th Century Fox lot in Century City will also remain with the spinoff Fox company.
    21st Century Fox will continue to pursue its acquisition of the remaining 61% stake in Euro satcaster Sky that it does not already own with the intention of Disney taking it over when the Disney-Fox transaction is completed.
    Disney expects to realize $2 billion in cost savings from combining Disney and Fox’s overlapping businesses within two years of the deal’s closing.
    Disney expects the regulatory review of the acquisition to take as long as 18 months.
    The deal is obviously not without controversy, and while comic book movie fans may be excited about the prospect of the MCU gaining some cool characters, some pundits point out that a lot of television shows may struggle to stay afloat, and there will also be an impact in the number of movies produced. We may have wait a couple years for the full impact to be known.

  2. Post
    #2
    Man what a week Disney is having. Last Jedi is gonna make all the $$$$ and now this. Also Spidey pool hype.
    Last edited by Valeyard; 28th June 2018 at 1:23 pm.

  3. Post
    #3
    Great for Marvel films, for the movie business, probably not.

  4. Post
    #4
    Bob Iger is gonna end the world? But he's such a good guy! And Disney, they make good stuff; star wars, comic book movies, merchandise, TV shows, surveillance systems, all history books, voting machines… Wait a minute.

  5. Post
    #5
    Feliz wrote:
    Bob Iger is gonna end the world? But he's such a good guy! And Disney, they make good stuff; star wars, comic book movies, merchandise, TV shows, surveillance systems, all history books, voting machines… Wait a minute.
    Mickey Mouse Is Watching

  6. Post
    #6
    Worst case scenario:-
    RIP R-rated Deadpool.
    RIP directors having creative freedom to do interesting takes on X-men like Logan and New Mutants because "muh MCU continuity".

    I hope that we finally get remasters of the original Star Wars trilogy theatrical cuts on Blu-ray and stuff.

  7. Post
    #7
    Is it a good idea for Disney to own everything?

  8. Post
    #8
    CODChimera wrote:
    Is it a good idea for Disney to own everything?
    It's like asking if it's a good idea for the sky to be blue.

  9. Post
    #9
    CODChimera wrote:
    Is it a good idea for Disney to own everything?
    They're even more of a monopoly now, so for other corporate entities who they do business with the immediate answer is yes. Eg Disney demanded a 65% cut of ticket sales for The Last Jedi.

    For regular movie goers? Hard to say. It isn't life or death to see movies.

  10. Post
    #10
    CODChimera wrote:
    Is it a good idea for Disney to own everything?
    no, monopolies are bad for consumers, innovation or future development. After this , it wont surprise me if episode 10,11,12 is another reboot or a "retelling " of the same 4-6...

  11. Post
    #11
    It will also give them more properties for their own streaming service.

  12. Post
    #12
    Comcast have finally announced their massive $65 billion dollar bid on Fox. Disney have 5 days to announce a counter offer. I see a counter offer being between 70-75 billion with some more shares on top.

    https://www.cnbc.com/2018/06/13/comc...ox-assets.html

  13. Post
    #13

    If you were hoping for Comcast to lose this bidding war so you could get X-Men and the Fantastic Four in the Marvel Cinematic Universe, Disney has granted your wish. As we reported yesterday, Disney increased its bid for 20th Century Fox and other Fox assets (National Geographic and FX, Star TV, stakes in Sky, Endemol Shine Group and Hulu as well as regional sports networks) to try and beat Comcast’s $65 billion cash offer. Now Coming Soon reports that Disney has signed an amended acquisition agreement with 21st Century Fox for $71.3 Billion ($38 per share in cash and stock) and will acquire the company after the spin-off business for “New Fox” launches. Disney’s initial offer before Comcast intervened was $52.4 billion.

    If you’re interested how this shakes out beyond the Marvel implications, this also means that Disney will the distribution rights to the original 1977 Star Wars film for Lucasfilm, as well as the rights to franchises like Avatar, Planet of the Apes, Alien, Predator, Die Hard, Kingsman, Ice Age and Night at the Museum, among others. On the TV side they’ll get the rights to The Simpsons, Family Guy, Modern Family, American Horror Story and others. This adds to their movie market share as well. In 2017, they had 21.8% while 20th Century Fox had only 12%.

    Walt Disney Company Chairman and CEO Robert A. Iger said: “The acquisition of 21st Century Fox will bring significant financial value to the shareholders of both companies, and after six months of integration planning we’re even more enthusiastic and confident in the strategic fit of the assets and the talent at Fox. At a time of dynamic change in the entertainment industry, the combination of Disney’s and Fox’s unparalleled collection of businesses and franchises will allow us to create more appealing high-quality content, expand our direct-to-consumer offerings and international presence, and deliver more personalized and compelling entertainment experiences to meet growing consumer demand around the world.”

    Disney will pay a total of $35.7 billion in cash and give 343 new shares to 21st Century Fox shareholders, which is a 19% stake in Disney on a pro forma basis. They will also assume $13.8 billion of debt from Fox. The price is a total equity value of $71.3 billion and a total transaction value of $85.1 billion, if there’s no adjustment for taxes. Disney has secured financing commitments for the cash portion of the acquisition.
    .

  14. Post
    #14
    The DOJ has approved Disneys 71.3 billion dollar bid. A huge win for Disney. In its bidding war with comcast.

    https://www.bloomberg.com/news/artic...approval-today

  15. Post
    #15
    Yus!

  16. Post
    #16
    disney had 60% of the us box office this year so far, without Fox.

    why are we celebrating the demise of competition just so you can get your xmen avengers team up movie smh

  17. Post
    #17
    the diner must be satisfied with the menu

  18. Post
    #18
    Would vastly prefer Disney owning it over comcast tbh.

  19. Post
    #19
    clockblock wrote:
    disney had 60% of the us box office this year so far, without Fox.

    why are we celebrating the demise of competition just so you can get your xmen avengers team up movie smh

  20. Post
    #20
    Comcast will walk away from the Fox assets if it gets sky. Seems like the best outcome.

    https://www.cnbc.com/2018/07/11/comc...y-fox-bid.html

  21. Post
    #21
    Disney's Fox Deal Gets European Union Clearance Subject to Divestments

    https://www.hollywoodreporter.com/ne...itions-1148195

  22. Post
    #22
    Disney will own Fox in just a few weeks time.

    Officials at CADE (whose translated full name is The Administrative Council for Economic Defense) are said to now be satisfied after Disney offered some of the concessions they had requested. Once their OK is secured, a final closing period of about 10 days will begin as the final Ts are crossed and Is dotted, a source with knowledge of the regulatory process tells Deadline. That would mean an official closing in mid-March, which is in line with initial forecasts even if it is later than it appeared things would conclude by the last few weeks of 2018.
    https://deadline.com/2019/02/disney-...co-1202565767/

  23. Post
    #23
    The acquisition will take effect on March 20th.

    https://www.bloomberg.com/news/artic...ove-with-terms

  24. Post
    #24
    Well the deal is official. It took effect yesterday at 5:02pm NZD or 12:02am EST. Disney has updated its home page to reflect the closing of the fox deal.


  25. Post
    #25
    Dat cricket image!