Character & Entertainment Collaborations Music 

Disney closes $71 bln 21st Century Fox Deal

The Walt Disney Company has closed the deal on its $71 billion acquisition of 21st Century Fox. “This is an extraordinary and historic moment for us—one that will create significant long-term value for our company and our shareholders,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.” The acquisition of 21st Century Fox’s iconic collection of…

Read More
Sports 

Broadcasting rights are the fuel for any sport to grow: Matthew Kurlanzik

The day 3 of the 20th edition of  started with an interesting session on Sports. Titled ‘Sportsonomics: Driving Indian Sports Forward, On And Off The Field’, the session saw coming together of sportspersons, regulators, administrators and industry leaders to analyse business models and policies that will launch next decade of growth for Indian sports. The third day of the opening summit was moderated by Indian Sports Journalist Mayanti Langer, the panelists included Atul Pandey, Chairman, Sports Live Entertainment; John Medeiros, Chief Policy Officer, AVIA; Chintamani Rao, Renowned media expert; Mr.…

Read More
Corporate Brand 

The Walt Disney Company restructures executive team

As a part of its pending acquisition of 21st Century Fox, The Walt Disney Company has made key organizational changes to its Media Networks divisions. Peter Rice will become the chairman of Walt Disney Television and co-chair of Disney Media Networks. The new group under Rice will include ABC Television Network, ABC Studios, the ABC Owned Television Stations Group, Disney Channels, Freeform, Twentieth Century Fox Television, FX Networks, and FX Productions, Fox 21 Television Studios and the National Geographic channels. Dana Walden will take on the position of chairman of…

Read More
Corporate Brand 

Disney Q3 Results: Profits boost 23%, consumer products revenues fall 8% to $1bn

The Walt Disney Company reported quarterly earnings for its third fiscal quarter ended June 30. Disney has seen profits boost 23 percent in its most recent quarterly reports to a net income of USD 2.9 billion but has missed Wall Street estimates for USD1.95 a share. Consumer products and interactive media revenues decreased 8 percent to USD 1.0 billion and segments operating income decreased 10 percent to USD 324 million. The decrease in operating income was due to lower income from licensing activities from products based on Spider-Man and Cars,…

Read More
Corporate Brand 

Disney and Fox Shareholders approve merger, likely to be completed in first half of 2019

Shareholders of 21st Century Fox and Disney have approved Disney’s $71.3 billion buyout of Fox’s assets. Shareholders gathered on July 27 at the New York Hilton for separate meetings to vote on the historic transaction that the companies announced in December. Gerson Zweifach, general counsel of 21st Century Fox, told Fox shareholders the merger is expected to be completed in the first half of 2019. Disney said 99% of shareholders approved the company’s acquisition of Fox assets, a historic tie-up that will alter the Hollywood landscape. The Disney gathering was…

Read More
Corporate Brand 

DOJ clears Disney acquisition of 21st Century Fox

The Walt Disney Company announced that the Antitrust Division of the United States Department of Justice (DOJ) has cleared the pending acquisition by Disney of 21st Century Fox. The DOJ has entered into a consent decree with Disney and 21st Century Fox that allows the acquisition to proceed while requiring the sale of the Fox Sports Regional Networks. Under the consent decree, Disney has at least 90 days from the date of closing the transaction to complete this sale. The DOJ may grant extensions of time up to another 90…

Read More
Corporate Brand 

To outflank Comcast’s offer, Disney increases its Fox bid to $71.3 billion

The Walt Disney Company has officially increased its offer for the purchase of 21st Century Fox, upping its offer to USD 71.3 billion in stock and cash. The new bidding is a drastic increase from the company’s original USD 52.4 billion deal that valued Fox at USD 28 per share. The offer comes days after Comcast submitted a USD 65 billion all-cash rival bid for Fox’s film and television arm. Disney has also moved from its original tactic of an all-stock deal for Fox, owner of assets including X-Men film…

Read More
TV & Films 

Walt Disney offers to buy Sky News to ease Murdoch’s worries

In a fresh takeover twist, the Walt Disney Company offered to buy Sky News on April 3. However, the offer is meant to help Rupert Murdoch’s 21st Century Fox buy full control of Sky News’s parent company, the broadcaster Sky, and not because the British news channel is core to Disney’s business. Rupert Murdoch’s Fox has said it would sell off Sky News to Disney or ring-fence it to try to allay regulatory concerns over its proposed acquisition of Sky. The moves are taken to ensure editorial independence for the prestigious 24-hour…

Read More
%d bloggers like this: