Goofyernmost
Well-Known Member
Why... aren't you getting enough BS from all the rest of us. You need more?
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CEO Bob Chapek?
- Thread starter mikejs78
- Start date
Your wish is granted... long live Jambi...
https://forums.wdwmagic.com/threads/disney-buying-fox-good-for-disney.936455/
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ford91exploder
Resident Curmudgeon
THAT WAS EPIC, And precisely my point as to Iger being unable to think on his feet.
A good speaker should have been able to speak for 30 seconds or so and actually say nothing.
Sounds like Iger could use Toastmasters.
How many times must it be said: the 25% number is for *all* of Fox shareholders, not the Murdoch's. The Murdoch's own about 12% of Fox shares, which translates into about 3% of Disney under this deal. Enough to be an influence to be sure but not to stage a takeover.
Vanguard Group is the largest single shareholder with 5.5% of Disney stock. Laurene Powell Jobs was Disney's largest shareholder with 128.3 million shares, but she's reduced that to 64.3 million and is now the 2nd largest at 4%.
Actually Fox shareholders will have less than 25 percent of the company. It would be 25 percent if there was no debt in the 60 billion estimated price tag. However since Disdney will assume debt whic h is included in the price it will be less.
WDW1974
Well-Known Member
His perspective is that this is very bad. Very. For multiple reasons, but the most important one being the Murdochs and what they represent and their general repugnant natures.
One of the biggest factors in the dumbing down of American society, what I not so affectionately termed Walmarting, started in the 1990s with FOX News. Suddenly, facts weren't as important as pimping an ideology and often taking absurd and obscene liberties to do so. We would not be here today as a society if not for FOX and that comes from Rupert and his spawn. And before someone comments that his spawn don't subscribe to the filthy pablum his networks here and abroad put out, they love profiting from it. So, it's akin to being anti-drugs while being a drug dealer or a big phmara exec!
If this deal happens, and I have strong belief that it will, then Rupert or James are going to wind up on Disney's BoD (no, they won't be replacing Bob!) So, you will have them owning a network (FOX) that is a de facto PR arm of the current vile American regime and them also having significant power at another media company with its own news department (ABC). If anyone thinks that could possibly be a good thing, then they haven't watched as consolidation has taken over so many industries from airlines to steel to department stores etc etc.
I know fanbois have absurd wet dreams when things like this come out. And it always flows back to what is important to THEM! So, I get stuck with nasty notes from ignorant slugs telling me this is all part of The Weatherman's genius plan to get Marvel rights back from UNI. Seriously. A member here sent me that. Disney is going to hold Simpsons rights, which they don't want or care about, over UNI until it simply hands over the Marvel rights ad Disney wins. The Sheriff is glorious, isn't he?
This is about Wall Street and Bob Iger and his ego. The Street says he needs to make one more big deal and the ones he has been after haven't worked out for one reason or another. So, he will take a grotesque amount of shareholder money and welcome the devils into the company. And it will all be played up as gloriously as the number of spectators on Inauguration Day this year. And people will talk about synergies and Disney owning so much more IP, because it doesn't have enough right now, does it? They'll point to how this will help Disney sell its content directly to the people because that is a popular talking point in the Always Spin Zone.
But it is horrible for Americans and anyone who sees any bit of Disney left in TWDC. And, it would be just as bad if the deal went south and it became a Comcast buy. This type of thing should just never be allowed. One family of crazy Aussies should never control such a large portion of American media. But the WH resident owes the,. owes the, BIGLY. So, watch as this happens.
My perspective is we are living in a true upside down right now.
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ford91exploder
Resident Curmudgeon
And that would be a surprise why? Since nearly ALL of ESPN's problems stem from vastly overpaying for broadcast rights in the face of a declining market
the.dreamfinder
Well-Known Member
We’ll see about that. A continuinly rising wave of sex assault allegations could easily engulf Disney and wash away this deal. Bob could be out of a job like that. Now if you’re more of an optimist, the deal will hopefully be met with scrutiny by BoD and shareholders because this tie up isn’t a good deal for the company and will invite foxes into the henhouse. Does Laurene Powell Jobs stay a passive shareholder when the Murdochs seek to add Disney/ABC/ESPN to their media empire?Story lines of extending Iger as long as possible tell me they aren't jumping to make a change
alphac2005
Well-Known Member
One of the most interesting things that most in the States don't realize about behind the scenes with the Murdoch's assets is that a lot of this has to do with SKY as having full control has been the long goal and they've looked at Sky as a long-term growth area for the country. To me, it's seems very clear that Downing Street and company have let Rupert know that they wouldn't pass the muster as being fit and proper on the second review and won't allow the full purchase therefore killing their long-term strategy of growth for 20th Century & Sky assets.
I had assumed that the 20th deal with Disney would omit Sky and they'd lump it in with the remaining Fox assets, but the aforementioned denial must be in the works for that to not be the case.
alphac2005
Well-Known Member
It's quite a rumored premium for the assets at hand and Iger will sell Wall St. that making this purchase of declining assets will work because of scale, which will probably turn out to be utter garbage. This again gets back to his track record that once you drill down past the obvious big three purchases, he's made many poor acquisitions. Above all, this is terrible for artists. More consolidation.
I do not agree with you. The ability to sell regional sports networks along with ESPN nationally will add to profits. This will go down as a no brainer. With Fox they will also get a larger portion of the box office since they will have close to 40% of the North American total box office. Adding 2% of the box office share for the Fox share would add 20 million to the bottom line. Using a 18 multiple would add just under 1 billion to the value of the company.
njDizFan
Well-Known Member
I think it is at least debatable that this acquisition/merger is a good business decision. There are a lot of assets that would need a serious infusion of cash to grow and remain solvent. It also will over weight content in a fast changing environment.
But more importantly is this good for the country and the Disney brand? Having 1 studio represent nearly half of the country's box office revenue-twice what MGM had in their 30's heyday(and that was almost considered a monopoly). Owning so much consumable media such as sports and TV broadcasting is not a good thing if you are at all concerned about the diversification of art/media.
The Disney brand is already so muddled with the recent lateral acquisitions that what exactly is TWDC. Adding these properties will exacerbate this 10 fold. Disney is still viewed as a semi-family orientated media company, while I love the content of FX , does it really scream Disney? Muppets, Pixar I can see, Star Wars, Marvel and Fox not so much.
the.dreamfinder
Well-Known Member
From the Murdoch’s perspective, Disney/Fox would give them control of...
The size of this potential leviathan is stupefying.
- TWO national broadcasters (ABC & Fox) with O&Os
- Two cable sports channels (FS1 & the ESPN suite)
- 50% of AETN (Lifetime, History, A&E, Viceland) and 40% of VICE
- FX suite (FX, FXX, FXM) and National Geographic
- The Disney Channel suite (Everywhere, but China
) - 60% of Hulu
- Two Hollywood studios (Walt Disney Pictures and 20th)
- Four animation studios (WDAS, Pixar, Blue Sky, Locksmith)
- Two Bollywood Studios (Fox Star & UTV)
- Two South Asian cable giants (Star & UTV)
- Sky Group
- BSkyB/Sky UK (which they’ve been trying to acquire outright for years)
- Sky Deutschland
- Sky Italia
The size of this potential leviathan is stupefying.
Rteetz
Well-Known Member
I thought if the deal goes through Disney would not get control of Fox and FS1 because Disney already has ESPN and ABC.From the Murdoch’s perspective, Disney/Fox would give them control of...
That’s just where the two companies overlap. Plus, there’s all the assets News Corp owns like the Wall Street Journal, News International and Harper Collins.
- TWO national broadcasters (ABC & Fox) with O&Os
- Two cable sports channels (FS1 & the ESPN suite)
- 50% of AETN (Lifetime, History, A&E, Viceland) and 40% of VICE
- FX suite (FX, FXX, FXM) and National Geographic
- The Disney Channel suite (Everywhere, but China
- 60% of Hulu
- Two Hollywood studios (Walt Disney Pictures and 20th)
- Four animation studios (WDAS, Pixar, Blue Sky, Locksmith)
- Two Bollywood Studios (Fox Star & UTV)
- Two South Asian cable giants (Star & UTV)
- Sky Group
- BSkyB/Sky UK (which they’ve been trying to acquire outright for years)
- Sky Deutschland
- Sky Italia
The size of this potential leviathan is stupefying.
the.dreamfinder
Well-Known Member
On paper, that’s correct. However, the Murdoch’s will control all these properties through the three companies; TWDC, 21st Century Fox and NewsCorp.
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alphac2005
Well-Known Member
Um, maybe you missed a major piece here, the Murdoch family KEEPS the FOX Sports networks. FOX Broadcasting, FOX Sports, and FOX News are not part of the Disney deal. You're right in what you say, but that's not the deal. The Murdochs are keeping the constantly growing money making elements that they own in the 20th Century portfolio.
U.S. anti-trust wouldn't allow a purchase of the sports components as Disney would be in monopolistic territory with ESPN and FOX Sports (along with their regional networks). And, as noted, the Murdochs have no interest in selling those interests.