Official: Disney Acquires Parts of 21st Century Fox (Excludes Fox News, FS1/2, and Local Broadcast)
https://www.cnbc.com/2017/12/14/disney-to-buy-21st-century-fox-assets.html
PREVIOUSLY
12/12/17 Update:
https://www.cnbc.com/2017/12/12/fox-disney-on-glide-path-for-thursday-deal-announcement-sources.html
Preivously:
OH GOD NO
https://www.cnbc.com/2017/11/06/21st-century-fox-has-been-holding-talks-to-sell-most-of-company-to-disney-sources.html
TALKS ENDED for now
https://www.bloomberg.com/news/articles/2017-11-06/disney-looked-at-buying-most-of-fox-talks-now-dead-cnbc-says?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
Disney on Thursday announced a deal to acquire many parts of Twenty-First Century Fox for $52.4 billion in stock. The company will get Fox's movie studios, networks Nat Geo and FX, Asian pay-TV operator Star TV, and stakes in Sky, Endemol Shine Group and Hulu, as well as regional sports networks.
...
The acquisition bolsters Disney's plans to become a dominant streaming service platform, making it a bigger threat to Netflix.
"The more desirable content they have, the better they will be able to compete in terms of trying to sell a subscription offering at a time there's so much competition for subscription-based services," said eMarketer senior analyst Paul Verna.
Bob Iger will remain Disney's chairman and CEO through the end of 2021, at the request of the board of directors of both companies. Disney emphasized the importance of Iger to integrate the acquisition, saying in a statement that "extending his tenure is in the best interests of our company and our shareholders."
PREVIOUSLY
12/12/17 Update:
https://www.cnbc.com/2017/12/12/fox-disney-on-glide-path-for-thursday-deal-announcement-sources.html
21st Century Fox and Disney are on a "glide path" for a Thursday deal announcement, sources familiar with the deal said.
Disney became the sole suitor after Comcast dropped its bid for the majority of Fox assets on Monday.
A week ago, CNBC reported that Disney and the Rupert Murdoch-controlled media company were closing in on a deal. The enterprise value of the Fox assets in the Disney deal is seen as above $60 billion, sources said a week ago, but that exact amount is still not firm.
Current Fox shareholders would get one share of the company that remains after the movie and television assets are sold, plus shares of Disney in a fixed exchange ratio.
Sources said this week that the Fox spinoff entity would be worth approximately $10 a share.
Preivously:
OH GOD NO
https://www.cnbc.com/2017/11/06/21st-century-fox-has-been-holding-talks-to-sell-most-of-company-to-disney-sources.html
21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports, according to people familiar with the situation.
The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. The two sides are not currently talking at this very moment, but given the on again, off again nature of the talks, they could be revisited.
For Disney, the opportunity to take control of another movie studio and significant TV production assets as it readies a direct-to-consumer entertainment streaming offering is attractive as is Fox's significant exposure to international markets, such as the U.K., Germany and Italy — both through its networks and 39 percent ownership of Sky. Disney recently announced it will pull all of its movies from the Netflix platform and will establish two direct-to-consumer offerings: one for sports and one including its key franchises such as "Star Wars" and Marvel.
In addition to the movie studio, TV production and international assets such as Star and Sky, Disney would also add entertainment networks such as FX and National Geographic.
TALKS ENDED for now
https://www.bloomberg.com/news/articles/2017-11-06/disney-looked-at-buying-most-of-fox-talks-now-dead-cnbc-says?cmpid=socialflow-twitter-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social
Walt Disney Co. held talks to buy most of 21st Century Fox Inc., which would have given the entertainment giant control of another studio and TV production assets, CNBC said, citing people familiar with the situation.
The two sides aren’t talking now and the negotiations, which took place over the last few weeks, may not lead to a deal, CNBC said.
Disney wouldn’t acquire all of Fox, but instead add cable networks such as FX and National Geographic, as well as assets outside the U.S. including the Star cable network in India and a stake in the Sky satellite service in Europe, CNBC said. Disney isn’t interested in Fox’s broadcast network, Fox News, local broadcast affiliates or sports programming, the network said.
Fox has been doing interesting things with their comics licenses, Logan and Deadpool are better than 90% of Marvel’s movies.
By LFMartins86 Go To PostFox has been doing interesting things with their comics licenses, Logan and Deadpool are better than 90% of Marvel’s movies.Don’t forget Legion.
I mean, yea, FF is a shit-show but I don’t know what Disney could’ve fixed about it.
I want Doctor Doom in a decent comic book movie, but not at the expense of the cool shit Fox has been doing with some of their superhero films. Fuck that.
By KingGondo Go To PostMore media consolidation isn't a good thing, even if it makes fanboys happy.
Can't take it with you when you die and very little matters in this life.
Avengers Vs. X-Men NOW. Doom NOW. Illuminati NOW. Annihilation NOW.
By LFMartins86 Go To PostThat reminds me, if this goes ahead, Disney's subscription service will be stacked as hell.yep. ESPN + Disney + Marvel + Fox
jesus
By Kibner Go To PostPsy, you ready for Simpsons and Family Guy to be in the next Kingdom Hearts?I would be if Donald and Goofy were in the Star Wars movies
By The Kree Go To PostCan't take it with you when you die and very little matters in this life.MONEY
Avengers Vs. X-Men NOW. Doom NOW. Illuminati NOW. Annihilation NOW.
How long until Disney goes for Sony pictures just to get Spidey back.
Deadpool x Spiderman.
RIP FX.
I liked most of the shows from that network but if this goes through they’re done. Disney is not interested in spending money unless it’s a movie guaranteed to make billions.
Just look at The Clone Wars vs Star Wars Rebels.
I liked most of the shows from that network but if this goes through they’re done. Disney is not interested in spending money unless it’s a movie guaranteed to make billions.
Just look at The Clone Wars vs Star Wars Rebels.
By reilo Go To PostThey already have Spider-Man back?Probably not forever and Sony wants to cash in on the "Spideyverse"
By KYM Go To PostProbably not forever and Sony wants to cash in on the "Spideyverse"Marvel produced the last one, Sony was distributor. Fiege oversaw the entire project.
By reilo Go To PostMarvel produced the last one, Sony was distributor. Fiege oversaw the entire project.It's just that Sony can pull out if they want or just don't negotiate anything new or something like that I think (they would be stupid to do but it's sony so) plus the villains they have can't be used in the MCU.
By KYM Go To PostIt's just that Sony can pull out if they want or just don't negotiate anything new or something like that I think (they would be stupid to do but it's sony so) plus the villains they have can't be used in the MCU.They are starting a Spideyverse without Spider Man, never underestimate Sony's stupidity.
By RobNBanks Go To PostRIP FX.
I liked most of the shows from that network but if this goes through they’re done. Disney is not interested in spending money unless it’s a movie guaranteed to make billions.
Just look at The Clone Wars vs Star Wars Rebels.
They might keep it. There sounds like they want to start a streaming network. So FX would be a good way to continue to build content for that Networks archive.
Also something that is really getting overlooked is Disney is buying the simpsons...... that is crazy
i dont like how Marvel handle their villains, and I actually prefer that the xmen and prior to homecoming, spiderman, were their own thing.
But man, do we need to see Galactus and Dr Doom shine on the big screen.
But man, do we need to see Galactus and Dr Doom shine on the big screen.
Can't wait to see Galactus cracking jokes just as he's about to eat a planet or when Dr Doom is about to recreate reality
By reilo Go To PostOuch
WELP THIS GOT WORSE
Looks like it will officially be announced before the Stock Exchange opening tomorrow:
https://www.theguardian.com/media/2017/dec/13/rupert-murdoch-set-to-sell-off-21st-century-fox-assets-to-disney
https://www.theguardian.com/media/2017/dec/13/rupert-murdoch-set-to-sell-off-21st-century-fox-assets-to-disney
Rupert Murdoch is set to announce a $60bn (£45bn) deal to sell assets in 21st Century Fox, including a 39% stake in Sky and a Hollywood studio, to rival Disney.
The deal, which will reportedly be announced before the New York stock exchange opens on Thursday, or around midday UK time, marks a turning point in an empire building career that started in the 1950s and is expected to lead to a split in the Murdoch family dynasty.
Rupert’s son James Murdoch, the Fox chief executive, will leave the company, either to join Disney in a senior role or set up his own venture, according to the Financial Times
The deal includes the 20th Century Fox film studio, home to franchises including Avatar and Ice Age, Fox’s TV production business, which produces shows including The Simpsons and Modern Family, and cable stations FX and National Geographic. Internationally, Disney would pick up Fox’s 39% stake in Sky, the Star network in India and the Fox International Channels business, which airs shows such as The Walking Dead.
The deal includes the 20th Century Fox film studio, home to franchises including Avatar and Ice Age, Fox’s TV production business, which produces shows including The Simpsons and Modern Family, and cable stations FX and National Geographic. Internationally, Disney would pick up Fox’s 39% stake in Sky, the Star network in India and the Fox International Channels business, which airs shows such as The Walking Dead.
So Disney is getting ripped off
By LFMartins86 Go To PostI really don't like this deal.You don't want Deadpool 2 to be watered down with pg13 jokes?
By NinjaFridge Go To PostYou don't want Deadpool 2 to be watered down with pg13 jokes?And more unusual comic book movies like Logan and The New Mutants to disappear and be replace with the usual safe Marvel movies.
Quite sucky FX is also part of this package. These guys produce amazing shows and most of them are on Netflix over here. Not for long...
By LFMartins86 Go To PostI really don't like this deal.Corporate consolidation isn't good. Disney now controls two of the big six film studios, a majority of sports coverage in this country, and a massive amount of cable channels. None of this good.
But, hey, now nerds get to see Wolverine pal around with Iron Man in a mediocre film, so I guess it's all worth it.
Shrugs the netflix business model was never sustainable so this was going to happen in some way shape or form eventually.
By rodeoclown Go To PostCorporate consolidation isn't good. Disney now controls two of the big six film studios, a majority of sports coverage in this country, and a massive amount of cable channels. None of this good.
But, hey, now nerds get to see Wolverine pal around with Iron Man in a mediocre film, so I guess it's all worth it.
Yeah man...the number one thing I see is people rejoicing over "Marvel coming home" and ignoring the implications of the entire sale.
Also, it is fucking weird seeing people that hated Avatar suddenly now excited about it.
This entire thing about bringing X-Men back under MCU is dumb because they could've just gotten the license back and it wouldn't have been for $60bil.
By reilo Go To PostThis entire thing about bringing X-Men back under MCU is dumb because they could've just gotten the license back and it wouldn't have been for $60bil.Yeah I would have been ecstatic if they just got the Marvel properties back but I’m extremely wary of them owning all those Fox properties. I had a friend on FB celebrating that Disney owns the regional sports networks. I don’t see how that or anything else about this deal is a good thing.
By Nelo Ice Go To PostThe only nice thing about this is the mcu. But uhh that wasn’t worth Disney being a mega corp.
Getting regional sports away from Fox is the part I like. I don't like helping their bottom line when I watch local pro or college athletics
Granted, I think there's a lot wrong with ESPN, but at least they're not buoyed by Fox News.
By Randolph Freelander Go To PostGetting regional sports away from Fox is the part I like. I don't like helping their bottom line when I watch local pro or college athleticsIt's not good because now, for instance, Disney controls most of the NBA's regional coverage and its national coverage. It is not good that they're basically negotiating with only one entity for control of the vast majority of their rights fees.
Granted, I think there's a lot wrong with ESPN, but at least they're not buoyed by Fox News.
By rodeoclown Go To PostIt's not good because now, for instance, Disney controls most of the NBA's regional coverage and its national coverage. It is not good that they're basically negotiating with only one entity for control of the vast majority of their rights fees.
I get that. But I also get that I don't want to put 1 dime into Rupert Murdoch's pockets. Watching the Hornets or the occasional non-national Duke game on Fox Sports Carolinas always feels dirty, to say nothing of other games on league pass that are on Fox.