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

MisterPenguin

Rumormonger
Premium Member
I agree. This has seemed like an inevitability as soon as the New Warriors series was canned, I realize that is an odd indicator, but something hasn't seemed 'right' with Marvel TV since then.

And we still don't know what is happening with Marvel Animation.

I would imagine the internal politics of shutting down Marvel TV would be significant. Not only are you messing with Ike, but also with ABC Studios which has profited from the Netflix, Hulu and Freeform deals. But it is likely Feige has more internal pull than anyone at this moment, if he wants it.
Marvel TV Studios doesn't have to shut down, other than Inhumans, they've been doing a good job with the Netflix Defenders and SHIELD. You just need their chief, Jeph Loeb, to report to Feige rather than Perlmutter.
 
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I highly doubt that you're ever going to see Disney do a version of a "Halloween Horror Night" other than what they do with Not So Scary, which is highly sucessful as a family friendly alternative to all the other parks that do their version. And that's the key to Disney vs the others- family friendly. Disney has very much taken the lead in that area, and they continue to hold onto it. They don't need to do what the others are doing, they're already highly successful in doing something different.

That "family friendly" moniker is also why you won't see those properties under the Disney label. Perception is everything, and even though GoG may actually be "edgier" in some of it's comedy, it's perceived as being part of the family friendly Marvel universe, while Simpsons- whether true or not- is very often not considered to be so.

I know- on the surface it doesn't seem that there is much difference between the Simpsons and Roger Rabbit, but in the perception of the customers who pay to come in the gate, there very much is for many of them. Trust me, I have to work with one of the major portions of Disney's demographic in my other job at a church, and many of them think there is a very clear difference, even if in many ways there isn't.
With Halloween *cough* Hong Kong *cough*
 

Rodan75

Well-Known Member
Marvel TV Studios doesn't have to shut down, other than Inhumans, they've been doing a good job with the Netflix Defenders and SHIELD. You just need their chief, Jeph Loeb, to report to Feige rather than Perlmutter.
I get the impression the Loeb - Feige dynamic isn’t great either. But I agree. That would be ideal. Marvel TV has largely done good work.
 
I get the impression the Loeb - Feige dynamic isn’t great either. But I agree. That would be ideal. Marvel TV has largely done good work.
Me too. I feel like if Kevin Feige produced all the Marvel Television shows, including the Netflix shows, Loeb would start reporting to him more than Perlmutter. I even created a petition to make him a producer of Marvel Television. Please go onto change.org. You'll see what you're looking for.
 

seascape

Well-Known Member
I received my voluntary letter to make my selection if I want cash or Disney stock for my Fox shares.

Thing to take from that is Expiration date is January 28th. They wouldn't set such a date if they didn't plan to close around that time. It's coming soon.
IMO the best option is to select all stock. Disney stock is undervalued. You will still most likely get the 50/50 mix because most will select the full stock options.
 

vj81995

Well-Known Member
Hmm.

https://news.entertainmentearth.com/2019/01/02/disney-fox-acquisition/

Today, Twenty-First Century Fox shareholders got quite a surprise. Their stock election letter came with The Walt Disney Company letterhead (see below). This comes after initial reports that Disney’s $71.3 billion acquisition of Fox was near the end, followed by weeks of media silence and no concrete date.
[...]
Based on the below shareholder letter, it looks like earlier speculation about the January 1, 2019, date was more in line with the actual acquisition timeline. The Disney-Fox acquisition marks an incredible shift in the entertainment industry and there will definitely be more news about it in the coming months. Stay tuned.
 
I know very little about business mergers and acquisitions, and what little I do I have learnt from research, out of my interest in this very deal. The important question is do stock election letters come before or after closure?

Failing that, could it be the FINAL stage before closure i.e all regulatory approvals received etc?
 
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Bloomberg: Brazil is expected to give the Disney-Fox deal OK without divestments.

Antitrust regulators in Brazil are expected to approve the media-asset deal between Twenty-First Century Fox and Walt Disney without pressing for any property sales, Bloomberg reports.

The regulator, CADE, is expecting to see a proposal from the two companies that includes behavioral changes after some back-and-forth meetings in December.

Concerns centered on the sports impact from the combination of ESPN and Fox Sports, according to the report, though CADE is aware that other services compete in sports broadcasting.

A ruling could come as soon as Jan. 30, when regulators come back from year-end recess.
 
I know very little about business mergers and acquisitions, and what little I do I have learnt from research, out of my interest in this very deal. The important question is do stock election letters come before or after closure?

Failing that, could it be the FINAL stage before closure i.e all regulatory approvals received etc?
The stock election letters are out today and have a January 28th expiration date. You should expect it to close before that date, but an actual "Legal Day One" has not yet been announced. It could be anytime but usually includes a weekend, as the shares in Disney will be affected. Even though the symbol "DIS" will be surviving, technically there is a "New Disney" corporation which will survive, and the old corporation will no longer exist. FOX shares will issue new versions of the surviving stock and the old stock will no longer trade (and the price of what is left will be dramatically lower).
 
The stock election letters are out today and have a January 28th expiration date. You should expect it to close before that date, but an actual "Legal Day One" has not yet been announced. It could be anytime but usually includes a weekend, as the shares in Disney will be affected. Even though the symbol "DIS" will be surviving, technically there is a "New Disney" corporation which will survive, and the old corporation will no longer exist. FOX shares will issue new versions of the surviving stock and the old stock will no longer trade (and the price of what is left will be dramatically lower).
I'm just trying to ensure that I don't misunderstand. Does that mean legal day one will be on a weekend then?
 
I'm just trying to ensure that I don't misunderstand. Does that mean legal day one will be on a weekend then?
Just because of the logistics of issuing new stock and shutting down the old, and the fact the deal will not close at the end of a year or quarter, means I am guessing they will time the legal day one with the end of one week and the start of the next. For Disney, I believe the week ends on Saturday and the next week starts on Sunday.... Fox accounting is different, but long story short, I am betting they won’t create any more of an accounting headache than they need to, and will time it with their accounting calendar.
 
I received my voluntary letter to make my selection if I want cash or Disney stock for my Fox shares.

Thing to take from that is Expiration date is January 28th. They wouldn't set such a date if they didn't plan to close around that time. It's coming soon.
Bloomberg: Brazil is expected to give the Disney-Fox deal OK without divestments.

Antitrust regulators in Brazil are expected to approve the media-asset deal between Twenty-First Century Fox and Walt Disney without pressing for any property sales, Bloomberg reports.

The regulator, CADE, is expecting to see a proposal from the two companies that includes behavioral changes after some back-and-forth meetings in December.

Concerns centered on the sports impact from the combination of ESPN and Fox Sports, according to the report, though CADE is aware that other services compete in sports broadcasting.

A ruling could come as soon as Jan. 30, when regulators come back from year-end recess.
Just because of the logistics of issuing new stock and shutting down the old, and the fact the deal will not close at the end of a year or quarter, means I am guessing they will time the legal day one with the end of one week and the start of the next. For Disney, I believe the week ends on Saturday and the next week starts on Sunday.... Fox accounting is different, but long story short, I am betting they won’t create any more of an accounting headache than they need to, and will time it with their accounting calendar.
Shall we try and project a timeline then.

1. Mexico approves later this month
2. Stock election ends on the 28th
3. Brazil approves on the 30th when CADE reconvenes
4. Disney close the deal on the 31st
5. Legal day one occurs on the first weekend in February, either the 2nd or 3rd.

How does that sound?
 
Bloomberg: Brazil is expected to give the Disney-Fox deal OK without divestments.

Antitrust regulators in Brazil are expected to approve the media-asset deal between Twenty-First Century Fox and Walt Disney without pressing for any property sales, Bloomberg reports.

The regulator, CADE, is expecting to see a proposal from the two companies that includes behavioral changes after some back-and-forth meetings in December.

Concerns centered on the sports impact from the combination of ESPN and Fox Sports, according to the report, though CADE is aware that other services compete in sports broadcasting.

A ruling could come as soon as Jan. 30, when regulators come back from year-end recess.
Just saw the notification on my phone as well. End of the month or beginning of February is looking very, very likely for the closing of the deal.

@bartholomr4 do you see Iger and co try to get AT&T's 10% of Hulu after this closes since AT&T execs have hinted they are wanting to divest it? Meyer did mention there was no talks at the time when he was interviewed last month.
 
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