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

Twilight_Roxas

Twilight_Roxas

Well-Known Member
Anyway The Simpsons also airs on FXX. There's also Legion, and The Gifted since there Marvel shows, but part of the X-Men universe. AHS has two more seasons on the way. As for Family Guy I think it will still have new episodes while Freeform, and Hulu air reruns same with Bob's Burgers.
 
Q

Quinnmac000

Well-Known Member
The honeymoon is over according to Deadline.

The difference in corporate climates is creating issues in cost savings making the companies merging put off for awhile. Another rising issue is Fox executives are making 20% more than DIsney execs are at the time not taking a pay cut and taking control of all Disney TV assets

The appointments, led by Rice — tipped a possible successor to Iger — and Walden and Landgraf, signify a total takeover by Fox of Disney’s TV assets who will be run by Fox execs. Additionally, the pending arrivals already are having an impact by expanding the pool of Disney executives with top-level titles, judging by the monikers the quartet were assigned in the combined entity: Rice will be Chairman, Walt Disney Television and Co-Chair, Disney Media Networks; Walden will be Chairman, Disney Television Studios and ABC Entertainment; Landgraf will be Chairman of FX Networks and FX Productions; and Knell will be Chairman of National Geographic Partners.

The Fox execs also reportedly come with star salaries. Word is that on average, Fox’s TV executives are paid at least 20% more than their Disney counterparts, and none of those drafted to join Disney are said to be taking a pay cut. Disney is known for its lower base salaries, though the company is said to be making up for that with compensation packages that include stock and bonuses.
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Still, the disparity may trigger title and salary bump requests for incumbent Disney TV executives, and I hear the abundance of high-level titles in today’s release did not go unnoticed on the Disney lot.
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The slew of CEO titles at Fox versus only one for Iger at Disney reflects the way those companies operate: At Disney, there is a strong corporate oversight, with Iger intimately involved in the work and decision-making of all departments. Meanwhile, Fox’s units have enjoyed autonomy in creative decisions, so inevitably there will be some adjustment as they join Disney.

There is also the issue of content vs. distribution. Disney had made the launch of its upcoming Disney-branded direct-to-consumer service, as well as the recently launched ESPN+ sports streaming platform, a top priority. There was a discussion following Disney’s March reorganization, when the company put all of its direct-to-consumer platforms, including Disney’s interest in Hulu, under Mayer, about its strategy of separating program development from distribution and linear content from digital. While there was much speculation over the past few months that some of the incoming Fox execs could get some oversight of streaming platforms, including Hulu, today’s announcement confirms that they will work on the traditional media side of the Disney’s portfolio.
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https://deadline.com/2018/10/disney-fox-deal-tv-executives-analysis-culture-clash-1202473873/

also today, NBCUniversal opened their own streaming service called watchback which isn't traditional in the sense of Netflix/Hulu but may be utilized instead of Hulu letting them sell their shares to Disney in the future.
 
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Rodan75

Rodan75

Well-Known Member
Twilight_Roxas said:
Anyway The Simpsons also airs on FXX. There's also Legion, and The Gifted since there Marvel shows, but part of the X-Men universe. AHS has two more seasons on the way. As for Family Guy I think it will still have new episodes while Freeform, and Hulu air reruns same with Bob's Burgers.
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The shows produced by Fox Television studios likely won’t change networks. Simpson’s, Family Guy, etc will remain on FBC unless cancelled. They have previously addressed that particular item.

Even though they had run FBC and the TV studios as one division they still have to maintain some FairPlay rules, so separating the two shouldn’t be as hard as it looks.
 
bartholomr4

bartholomr4

Well-Known Member
LONDON (Reuters) - U.S. cable company Comcast (CMCSA.O) took control of Sky on Tuesday after it acquired the 39 percent of the company owned by Twenty-First Century Fox, the rival it defeated with a $40 billion knock-out bid for the European pay-TV group last month.

Comcast said it held nearly 77 percent of Sky's shares, making its takeover wholly unconditional.

Brian L. Roberts, chairman and CEO of Comcast, said he was pleased to become the majority owner of Sky on Tuesday.
"Led by Jeremy Darroch and his superb team -- now together with Comcast -- our combined global leadership in technology and content paves the way for us to accelerate investment and growth in Sky's brand and premier platforms," he said.

"We are also fully committed to ensuring Sky News' future, maintaining its editorial independence, and preserving its strong track record for trusted, high quality, impartial news."

Sky said the cancellation of its shares was expected to become effective on 7 November.
 
M

mab7689

Active Member
bartholomr4 said:
LONDON (Reuters) - U.S. cable company Comcast (CMCSA.O) took control of Sky on Tuesday after it acquired the 39 percent of the company owned by Twenty-First Century Fox, the rival it defeated with a $40 billion knock-out bid for the European pay-TV group last month.

Comcast said it held nearly 77 percent of Sky's shares, making its takeover wholly unconditional.

Brian L. Roberts, chairman and CEO of Comcast, said he was pleased to become the majority owner of Sky on Tuesday.
"Led by Jeremy Darroch and his superb team -- now together with Comcast -- our combined global leadership in technology and content paves the way for us to accelerate investment and growth in Sky's brand and premier platforms," he said.

"We are also fully committed to ensuring Sky News' future, maintaining its editorial independence, and preserving its strong track record for trusted, high quality, impartial news."

Sky said the cancellation of its shares was expected to become effective on 7 November.
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I take it by November 7th it will have gone from 77% to 100%?
 
bartholomr4

bartholomr4

Well-Known Member
mab7689 said:
I take it by November 7th it will have gone from 77% to 100%?
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Yes. They filed a Mandatory Cash Offer - Conversion today. After 20 days, the remaining shares will be absorbed and all share holders paid in cash.... " RECOMMENDED MANDATORY SUPERIOR CASH OFFER FOR SKY - UNCONDITIONAL AS TO ACCEPTANCES AND WHOLLY UNCONDITIONAL COMMENCEMENT OF 20 BUSINESS DAY NOTICE PERIOD"

By Nov 7th, they will have 100% and pretty much no one can stop it!
 
denyuntilcaught

denyuntilcaught

Well-Known Member
As a side note of interest, current VP's and above at the Fox Home Entertainment group at the 21CF corporate office have been notified that if they are laid off come 2019, they will receive a full year's severance.

Discovered that today and thought it may be of interest (or envy.)
 
Rodan75

Rodan75

Well-Known Member
denyuntilcaught said:
As a side note of interest, current VP's and above at the Fox Home Entertainment group at the 21CF corporate office have been notified that if they are laid off come 2019, they will receive a full year's severance.

Discovered that today and thought it may be of interest (or envy.)
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At the VP level, that is actually pretty standard, normally it is at least 6 months at that level and likely a year (or more).

And some companies do full bonus and vesting as part of the package.
 
bartholomr4

bartholomr4

Well-Known Member
kurtk said:


Can anyone explain this tweet to me? I don't see where it talks about Marvel theme park rights.
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I think the author is making the case.... Disney lost an opportunity to negotiate with Comcast for the Marvel Theme Park Rights.... The Annual report section is stating the requirement Disney was required to make a full offer for Sky based on the original merger agreement with 21CF.

Lots of discussion here about how this would happen, and the final outcome where Disney was able to extract a premium for the 39% of Sky sold to Comcast...... Some of us thought Disney would extract the Hulu and Marvel rights, but it turns out extracting the highest premium was the strategy.....
 
BrianLo

BrianLo

Well-Known Member
Marvel theme park rights were never a consideration, beyond fanboi dreams.

The physical cost to Disney is inordinate for the value, they are not going to pay for a competitor's retheme of an entire land, when they have barely established any willingness to use Marvel in the parks they do have the rights to. The thought process that they would somehow get a massive discount in a bargaining package continues to be made up nonsense. It's not a yard sale.

Nevermind the pure treasure trove of product Disney can mine in WDW and has yet to do so.

DCA remains stop and go and beyond indecisive.

So no, no opportunity was "lost". We just finally established what I've been yammering on about for the last year. This was never a thing that was happening. When and if Disney actually wants it, they will give cash for it and a too large sum at that. Which means probably never, it just is not worth the price.
 

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