The purchase was lower than the $75 billion reported by Reuters earlier. As part of the deal, Disney will assume over $13 billion of Fox’s debt and Disney CEO Bob Iger will stay on until at least 2021. In addition to acquiring Fox’s movie and television studio, Disney will also assume control of the Sky television network in the U.K. and the National Geographic and FX cable channels. Disney will also acquire Fox’s stake in streaming service Hulu, reports CNBC. Fox will retain the Fox News cable channel as well as Fox Sports. … [Read more...] about Disney buys 21st Century Fox for $52.4 billion
Upcoming disney movies 2018
Iger stepped into the leadership role at Disney during something of a fallow period for the company. The 1990s had seen a revival of Disney’s dominant status in animated movies, with colossal hits like Beauty and the Beast, Aladdin, and The Lion King arriving one after the other. By the mid-aughts, however, in the wake of Pixar’s CG surge, 2D animation had become unfashionable, and movies like Chicken Little, Home on the Range, and Brother Bear failed to generate anything resembling the excitement of Disney’s ’90s run. There was the odd live-action hit like The Chronicles of Narnia: The Lion, the Witch and the Wardrobe in 2005, but overall the times were changing and Disney was not. … [Read more...] about How Bob Iger’s Disney changed the entertainment industry forever—for better and worse
Disney just upped its bid for 21st Century Fox assets to $71.3 billion in an effort to fend-off Comcast. In a statement, per CNBC, Fox chairman Rupert Murdoch said: “We are extremely proud of the businesses we have built at 21st Century Fox, and firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace at a dynamic time for our industry.” … [Read more...] about What happens to Fox News after the Disney-Fox merger?
The massive deal is expected to be announced later today, according to a source who spoke to Reuters. At $75 billion, the deal equates to about $40 a share–a premium on Fox’s current share price, which is currently around $33. The deal will transfer Fox assets to Disney including the Twentieth Century Fox movie and TV studio. That means Disney will acquire the rights to shows like The Simpsons and Modern Family and major film franchises including X-Men, Fantastic Four, Deadpool, Avatar, and Ice Age. One of the Fox assets that won’t be sold to Disney, however, is cable news channel, Fox News, which will remain under Fox owner Rupert Murdoch’s control. … [Read more...] about Disney will reportedly buy 21st Century Fox for $75 billion
As a result, traditional TV networks are looking to free streaming services to prop up their revenue and perhaps bundle ad spots from both cable and streaming into a package deal. This has already been happening with ViacomCBS and Pluto TV. As LightShed Partners analysts Rich Greenfield, Brandon Ross, and Mark Kelley wrote on Tuesday (before the Xumo acquisition was announced), Viacom now factors PlutoTV into its reported ad revenue, which rose 6% in 2019. Without PlutoTV and other targeted advertising efforts, LightShed says ViacomCBS’s ad revenue would have been roughly flat, and would likely decline in 2020. … [Read more...] about Why Comcast just bought a streaming service you’ve probably never heard of