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

Sirwalterraleigh

Sirwalterraleigh

Premium Member
AnotherDayAnotherDollar said:
I disagree. ESPN has been called out in every quarterly call for the past 5 years or whatever. Even when other pieces were doing well, ESPN was still the focus. Even now when C&P struggles and is the red headed step child, no one is really paying attention because ESPN and DTC efforts. Shareholders are definitely interested in sports and programming and how it affects the bottom line. Wall Street will be okay with it if waiting an extra few months will bring in more ROI in the long term.
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Preach...because there are those....AHEM (you know who you are 😳 ) who literally whistle past the graveyard on espn...

It has affected EVERY Disney decision for over 10 years...including content acquisition and parks.

Its tethered to tech thats going obsolete at a rapid pace...and whereas regional sports networks and packages for specific leagues have more time...non specific networks that talk and don’t feature play have far less.

I’ve been reading about espns financials and model and issues since before Disney...that was 23 years ago.

Not enough people will pay $20 a month for that...and everyone reasonable knows it.
Things go away/fail. All things...actually.
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
Sirwalterraleigh said:
Preach...because there are those....AHEM (you know who you are 😳 ) who literally whistle past the graveyard on espn...

It has affected EVERY Disney decision for over 10 years...including content acquisition and parks.

Its tethered to tech thats going obsolete at a rapid pace...and whereas regional sports networks and packages for specific leagues have more time...non specific networks that talk and don’t feature play have far less.

I’ve been reading about espns financials and model and issues since before Disney...that was 23 years ago.

Not enough people will pay $20 a month for that...and everyone reasonable knows it.
Things go away/fail. All things...actually.
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Well, it's a good thing then that Disney has invested in new streaming tech for ESPN and will be rolling out a new subscription model.
 
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Darkprime

Well-Known Member
brodie999 said:
Remember, the Brazilian Congress doesn't meet annually until February 2. And Disney is gonna get interviewed on the 5th of net month during the Q1 2019 Earnings Call. So they might announce Brazil approved the deal with remedies that sold off the sport channels.
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If thats the case then approval with conditions will probably come early next week. Just in time for the investor call. I wonder where the whole Jan 30th approval came from.
 
Sirwalterraleigh

Sirwalterraleigh

Premium Member
doctornick said:
It's kind of an aside to the topic, but my understanding is that has not been "losing money" in recent years. It just has not been making the craploads of profits that it had in the past. So, of course Wall St isn't happy with trajectory and their are concerns about the rights payment that are contracted for the future, but ESPN is far from an anchor at this point.
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Correct...it’s not “losing”...

It is losing market share, overhead is rising (why they fired almost everyone), advertising is way down, and subscription fees will be negotiated down as all those other things go the wrong way.

ESPN was Disney’s largest profit generator by far in 2010 and it has declined since.
In layman’s terms: it’s the main reason why your food, ticket, hotel/DVC and special ticket prices have shot up so much in a roughly equivalent time.

It’s all numbers...it’s a conglomerate with a stock ;designation.
 
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Darkprime

Well-Known Member
From seeking alpha.

There's still no decision in Brazil on required sales in the $71B-plus asset deal between Walt Disney (DIS -1.3%) and Fox (FOX -0.1%, FOXA -0.2%), says the key counselor at the regulator involved.

Polyanna Vilanova, the responsible counselor at antitrust regulator CADE, tells Bloomberg that the case is still being studied ahead of a March 17 deadline (a deadline that could yet see a requested extension for another 90 days).

Reports that CADE would demand selling either Fox Sports or ESPN are just speculation, Vilanova says.

Meanwhile, Disney again extended expiration on an exchange offer for any and all of the $18.13B in notes issued by Fox unit Twenty-First Century Fox America. The new expiration has moved to 5 p.m. NYC time on Feb. 19 from the same time on Feb. 6.

Disney says settlement of the offer is expected to occur promptly after the expiration date, "on or about the closing date of the acquisition" -- which means it's likely to be extended again if the acquisition's unlikely to get closure then.

Estado had reported that CADE would call for the disposal of sports channels since in Brazil, the merger would leave its two key sports networks (ESPN and Fox Sports) with just one owner.
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brodie999

brodie999

Active Member
Darkprime said:
If thats the case then approval with conditions will probably come early next week. Just in time for the investor call. I wonder where the whole Jan 30th approval came from.
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Me too. I wonder if Brazil postponed the January ruling for the Investor Call next month. If so, they might not take long to approve the deal after all.
 
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Darkprime

Well-Known Member
My only worry is this will get dragged out till June. Which means X-Men/FF will miss any potential comic-con announcement. Im guessing they will have two presentations planned. One with X-Men and FF and one without depending on if the deal closes in time or not. If not theyll bump it to D23 In August.
 
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Darkprime

Well-Known Member
Its not so much Marvel that will be rushing its the shareholders. Theyll want to see results of the 71 billion dollar purchase pretty quickly the marvel characters are guaranteed profit.
 
Lafayettecalboy

Lafayettecalboy

Member
Darkprime said:
My only worry is this will get dragged out till June. Which means X-Men/FF will miss any potential comic-con announcement. Im guessing they will have two presentations planned. One with X-Men and FF and one without depending on if the deal closes in time or not. If not theyll bump it to D23 In August.
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Well that why Disney/Fox is still using the first half of 2019 competition which is from Jan to Jun 2019 to account for that fact that hurdles like this will come up.
 
S

seascape

Well-Known Member
Sirwalterraleigh said:
Correct...it’s not “losing”...

In layman’s terms: it’s the main reason why your food, ticket, hotel/DVC and special ticket prices have shot up so much in a roughly equivalent time.

It’s all numbers...it’s a conglomerate with a stock ;designation.
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You are wrong. Ticket prices, hotel prices and food prices have nothing to do with ESPN. The market determines if the prices are too high. Universal has actually increased their prices the same amount. If what you claim were true they would not be. In fact Disney should increase the tickets even more since the attendance is so much higher than years ago. I would not object to higher prices if they kept the crowds away. But Disney wants to maximize profits and that means keeping them low enough to keep the parks full. Can you imagine how crowded the parks would be if the tickets were $65.00 a day? They would reach capacity every weekend and completely ruin my trips and so I would stop going. And I would be Furious if I were ever blocked from going. I pay for a Platinum Plus pass and go 4 times a year. Total of 24 or 25 days a year in the parks.
 
brodie999

brodie999

Active Member
Darkprime said:
Damn it. Disney must really want those Fox sports in Brazil.
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I agree. The deal really is expected to be approved by February or March. That's why Bob Iger and Kevin Meyer indicated the deal is about to be done and closed. Some deals just close before the exact date they're expected to.
 

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