(Reuters) – Twenty-First Century Fox Inc <FOXA.O>, which has agreed to sell most of its assets to Walt Disney Co <DIS.N>, rejected a deal with another entity that a source identified as Comcast Corp <CMCSA.O> due to higher regulatory risks. Disney, in a filing https://www.sec.gov/Archives/edgar/data/1001039/000119312518121183/d565472ds4.htm with regulators on Wednesday, disclosed Fox’s reasons for rejecting the rival offer without disclosing the bidder. Comcast had abandoned its bid to buy most of the assets of Rupert Murdoch’s Fox. Disney announced the $52.4 billion deal for Fox’s film and TV assets in December. (Reporting by Ankur Banerjee in Bengaluru; Editing by Sai Sachin Ravikumar) … [Read more...] about Disney filing discloses Fox’s reasons for rejecting Comcast bid
Disney
Disney, Universal, SeaWorld disclose 6 injuries in quarterly report
A child felt motion sickness on Universal’s Despicable Me Minion Mayhem ride while a 71-year-old experienced chest pains on a safari ride at Disney’s Animal Kingdom, the theme parks disclosed in a report Monday.The two health issues were among six incidents disclosed by Florida’s major theme parks revealing visitors’ health-related problems from January to March.Every quarter, theme parks disclose to the state any ride-related injuries or illnesses that required an immediate hospital stay of at least 24 hours.The parks report the incidents as part of a deal they made to avoid state inspections.According to the latest report, a 52-year-old woman felt dizzy and weak after riding Harry Potter and the Forbidden Journey on Jan. 6 at Universal’s Islands of Adventure.On Jan. 14, a 69-year-old man with pre-existing heart conditions had chest pains on The Seas with Nemo & Friends, a ride at Epcot in Walt Disney World.A 71-year-old man felt chest pain after … [Read more...] about Disney, Universal, SeaWorld disclose 6 injuries in quarterly report
Florida high school teacher killed in car accident after trip to Disney World
MIDDLEBURG, Fla. Florida students were mourning a high school teacher who was killed in an automobile accident Saturday while returning from Walt Disney World with her husband. >> Read more trending news Melanie Blodgett was killed and her husband, Les Blodgett, was seriously injured when their car was hit by another driver. “She’s crazy about Disney. Her favorite place to go, her favorite place to be,” said Ashley Morin, a student at Middleburg High School. The couple spent the day at Disney World on Saturday, just hours before she died. “She was one of the best teachers at Middleburg High School,” said Jordan Morris, another student at the school. Students saluted her with what they wore Monday, as Mickey and Pumbaa were visible everywhere. And that was her other favorite place, Middleburg High School. “She was just a really, really special teacher. She wasn’t a teacher, she was a friend,” Morin said. Today … [Read more...] about Florida high school teacher killed in car accident after trip to Disney World
Disney’s anti-gambling contributions in Florida continue to build
Chipping in another $105,000 last month, Disney Worldwide Services, Inc. has contributed at least $4.655 million to try to pass a constitutional amendment that could make it harder to expand gambling in the state.Disney in March made the only cash contribution to the political committee Voters In Charge, which has spearheaded the proposed constitutional amendment, according to a finance report filed last week with the state Division of Elections.In all, the committee had raised about $6.74 million as of March 31.The committee last month also received in-kind contributions from the group No Casinos Inc.The proposed constitutional amendment will appear as Amendment 3 on the November ballot.Archive: Scott Maxwell on Disney's casino fight »If approved by 60 percent of voters, it would change the Florida Constitution and give voters the "exclusive right to decide whether to authorize casino gambling" in the state.It would require voter approval of casino-style games in the future and … [Read more...] about Disney’s anti-gambling contributions in Florida continue to build
Remember these 6 bullet points when Netflix leapfrogs Disney
Netflix is an enormous success story, but the video streaming giant may just now be realizing its true power. Now that the dust has settled from yesterday’s earnings, these are the facts to remember: Netflix stock is up 71% in 2018. Netflix’s market cap is $143 billion. Just five years ago it was $11 billion. Netflix will soon be bigger than Disney, points out Above Avalon analyst Neal Cybart. As of this morning, Netflix market cap is $143 billion, while Disney’s is $152 billion. That’s a gap of just $30B and it’s closing fast. Netflix is adding between 25 million and 30 million subscribers a year. Last week, Netflix expanded a partnership with Comcast in which the cable company will sell (and bill for) the streaming service as part of a cable bundle. The deal will give Netflix access to Comcast’s 55 million-subscriber base. One analyst, Patriarch Group CEO Eric Schiffer, believes Netflix sees the partnership as an opportunity to show less … [Read more...] about Remember these 6 bullet points when Netflix leapfrogs Disney