News Disney and Fox come to terms -- announcement soon; huge IP acquisition

[Next Big Thing]

Wow...that’s a huge difference...

That’s less that rian Johnson and Kathy Kennedy spend on sushi when they have one of their “working lunches”

I know it’s only $13M, but when a film stops making money, it can take MONTHS just to earn $1 Million. It took nearly two month for Black Panther to go from $699,000,000 to $700M

 

[Sirwalterraleigh]

I know it’s only $13M, but when a film stops making money, it can take MONTHS just to earn $1 Million. It took nearly two month for Black Panther to go from $699,000,000 to $700M

I gotcha...

But here’s where I’m at: they had a Star Wars gross $213 domestically in 2018.

Even George couldn’t pull that off...and his “blue period” was downright awful.

At least Picard is back.

 

[Sirwalterraleigh]

That is fair, but I think Solo had slightly better legs than they were expecting. But my overall point stands...here is the article I was referencing. I swear I originally saw a similar article discussing Solo, but I could be mistaken (because I can't find it now)

https://www.indiewire.com/2018/06/d...n-time-over-100-million-drive-ins-1201975953/

I really don't think there is anything wrong with this, it is just working the distribution network as good studios should.

Solo is the second best (probably best for some) of the Star Wars 3.0 generation.

Yeah...I’ll just go ahead and call a spade a shovel.

 

[mab7689]

I have just had a look and the current share price for Sky is £15.20. Fox/Disney need to realistically meet or top that if they are going to come in with another bid between now and Thursday.

 

[Rodan75]

I have just had a look and the current share price for Sky is £15.20. Fox/Disney need to realistically meet or top that if they are going to come in with another bid between now and Thursday.

I'm not sure if you said this previously or someone else, but I suspect if they make another bid, they will simply tie Comcast and push this thing to Auction. I don't think they try and beat Comcast in the next offer.

 

[Sirwalterraleigh]

I'm not sure if you said this previously or someone else, but I suspect if they make another bid, they will simply tie Comcast and push this thing to Auction. I don't think they try and beat Comcast in the next offer.

They’re overpaying on the current deal...I hope they do nothing but lip service on this.

I wish they had bought viacom (I know they can’t...) instead of fox, now that somebody is committed to bringing Star Trek back. I think I might have given up on the “other one”

 

[Rodan75]

They’re overpaying on the current deal...I hope they do nothing but lip service on this.

I wish they had bought viacom (I know they can’t...) instead of fox, now that somebody is committed to bringing Star Trek back. I think I might have given up on the “other one”

I want to see a healthy Viacom as that is good for content competition, especially if CBS and Viacom can get their act together on the Star Trek rights.

I just noticed that Fox did just file that they intend to revise their bid, pushing out the decision date until September. So they did not let this deadline slide, so they are still interested in acquiring full control of SKY.

 

[mab7689]

https://www.reuters.com/article/us-...sts-offer-document-for-sky-deal-idUSKBN1KS1ZV
Here we are. Thursday's deadline was just for them to file and formalise their offer, which they have just done. This gives them till September 22nd to up the price of it.

 

[bartholomr4]

https://www.reuters.com/article/us-...sts-offer-document-for-sky-deal-idUSKBN1KS1ZV
Here we are. Thursday's deadline was just for them to file and formalise their offer, which they have just done. This gives them till September 22nd to up the price of it.

Almost like a last minute filing to stretch out the timeline when an (45 days) offer can be updated/considered (Now September 22nd) .... Now the Sky board can wait on acceptance of the Comcast bid past the 8/22 deadline they have set, and or accept alternative bids...... Also interesting that the % of outstanding votes required by Fox Disney has dropped from 75% of the 61% it doesn't own, to now 50% of the 61% it doesn't own.....

 

[Indy_UK]

Seems to me then that there must be an Igor/murdoch agreement between gentlemen that Disney can sit back and Fox will be the ones going for 100% ownership.

If Fox get 100% of SKY, do Disney then have to pay more for the Fox acquisition? If not, once the regions sports stuff is sold off, Disney would have got themselves a good deal no?

 

[Sirwalterraleigh]

Seems to me then that there must be an Igor/murdoch agreement between gentlemen that Disney can sit back and Fox will be the ones going for 100% ownership.

If Fox get 100% of SKY, do Disney then have to pay more for the Fox acquisition? If not, once the regions sports stuff is sold off, Disney would have got themselves a good deal no?

Sorry...I’m a stupido American that’s too lazy to figure out the Sky Thing.

It’s all content and digital platform for fee here now. Anything else is kinda foolish. Even sports...which has been tbe gold mine for 40 yearz

 

[bartholomr4]

Seems to me then that there must be an Igor/murdoch agreement between gentlemen that Disney can sit back and Fox will be the ones going for 100% ownership.

If Fox get 100% of SKY, do Disney then have to pay more for the Fox acquisition? If not, once the regions sports stuff is sold off, Disney would have got themselves a good deal no?

I think Disney only would have to pay more for SKY if it raises its bid for Fox. Raising the bid for Sky (in my opinion) doesn't appear to affect the price paid for FOX.

 

[Indy_UK]

That's what I'm thinking, but then that $71 billion won't be so much of a bad deal and overpriced if eventually it's going to include the whole of SKY because Fox are buying it and including it in the current agreed deal?

Unless I'm totally missing something. Wasn't it $19 billion roughly in value of the US regional sports that Disney have to sell so getting all the rest of FOX and all of SKY for $52 billion isn't bad at all no?

 

[Sirwalterraleigh]

That's what I'm thinking, but then that $71 billion won't be so much of a bad deal and overpriced if eventually it's going to include the whole of SKY because Fox are buying it and including it in the current agreed deal?

Unless I'm totally missing something. Wasn't it $19 billion roughly in value of the US regional sports that Disney have to sell so getting all the rest of FOX and all of SKY for $52 billion isn't bad at all no?

That doesn’t seem as bad...but in what world can a now essentially bought entity Buy another huge one...include it in the package...and not be compensated for it? In a stock company?

Seems like a lot to ask of greedy men.

 

[Indy_UK]

That doesn’t seem as bad...but in what world can a now essentially bought entity Buy another huge one...include it in the package...and not be compensated for it? In a stock company?

Seems like a lot to ask of greedy men.

That's the part I don't understand. Why would FOX spend all that money and hand it to Disney for nothing extra? Will probably increase the stock price further but there must be more too it

 

[mab7689]

I have read that for everything above £13 that 21CF spend on each Sky share they will be reimbursed by Disney e.g if 21CF were to post a revised offer of £15 a share they would be reimbursed £2 per share if they are successful.

 

[Indy_UK]

Still a cheaper deal then for Disney

 

[bartholomr4]

I have read that for everything above £13 that 21CF spend on each Sky share they will be reimbursed by Disney e.g if 21CF were to post a revised offer of £15 a share they would be reimbursed £2 per share if they are successful.

Yes, FOX has agreed not to increase its bid without Disney's approval. FOX will fund any purchase with an existing Line of Credit which Disney will absorb as its own once the Deal for 21CF closes. Even though it is coming from FOX, it is not happening without Disney's approval and Disney commitment to Fund/Reimburse the Debt.

 

[Sirwalterraleigh]

I have read that for everything above £13 that 21CF spend on each Sky share they will be reimbursed by Disney e.g if 21CF were to post a revised offer of £15 a share they would be reimbursed £2 per share if they are successful.

Which would mean money the Murdoch’s could potentially reinvest in Disney...which is probably their point all along.

This to me has always been the equivalent of getting into a sleeping bag with a rattlesnake and saying “now, you behave...”

 

[Rodan75]

Seems to me then that there must be an Igor/murdoch agreement between gentlemen that Disney can sit back and Fox will be the ones going for 100% ownership.

If Fox get 100% of SKY, do Disney then have to pay more for the Fox acquisition? If not, once the regions sports stuff is sold off, Disney would have got themselves a good deal no?

If Fox gets 100% of SKY, Disney will be taking on more debt. It is a provision within the current agreement. Disney has to approve any increase in the offer price, since it will quickly become Disney's debt.