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

[Sirwalterraleigh]

It's apt for this issue to point out that the goalposts have been moved again.

. Is that Brazilian? Or perhaps I was too vague: espns problem are as much about their content as it is about the decline of cable.
No solution to that.

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.

You’re looking at it in a bubble...the NEED for the massive, reckless price increase came in large part from the forecast of declines in tv revenues.

 

[Crossfire]

Unless they mean completed as in fully integrated? following the deal closing in March?

Yeah, I think that was what they meant to say.

 

[brodie999]

Yeah, I think that was what they meant to say.

I agree. The way the tweets says, Disney isn't expecting the deal to go pass June this year, which means it'll become 100% anywhere between February-March. Hopefully, it'll be March as reported by an entertainment website from one fan on ComicBook

 

[Darkprime]

Honestly is no one else tired of worrying about the remaining approvals at this point? I just want it done lol. Its exhausting. I hope the investors call next week has some good news.

 

[Bender123]

. Is that Brazilian? Or perhaps I was too vague: espns problem are as much about their content as it is about the decline of cable.
No solution to that.

You’re looking at it in a bubble...the NEED for the massive, reckless price increase came in large part from the forecast of declines in tv revenues.

I Guess there is a massive difference in what people pay for the parks...Its pretty obvious WDW is raising the single day passes to insane levels, but their goal isn't to attract single day guests. The goal is to get the seven day guest that will stay at a resort. An advanced purchase ($23 dollar discount) is $402, which comes to $57 a day average.

The goal for Disney is to utilize the hotels and restaurants as a profit center by discouraging those people that wont use those services as day guests. The same thing can be said for increases in AP prices. they have likely don the math that many of those people aren't really buying the meals, hotels and other profit makers...

I would guess the actual number of true "day guests" at WDW are a very very small fraction of the total guests in the parks.

 

[seascape]

I Guess there is a massive difference in what people pay for the parks...Its pretty obvious WDW is raising the single day passes to insane levels, but their goal isn't to attract single day guests. The goal is to get the seven day guest that will stay at a resort. An advanced purchase ($23 dollar discount) is $402, which comes to $57 a day average.

The goal for Disney is to utilize the hotels and restaurants as a profit center by discouraging those people that wont use those services as day guests. The same thing can be said for increases in AP prices. they have likely don the math that many of those people aren't really buying the meals, hotels and other profit makers...

I would guess the actual number of true "day guests" at WDW are a very very small fraction of the total guests in the parks.

There are 35,000 hotel and DVC rooms including those off site but on property by Disney Springs and the Swan and Dolphin that Disney makes money from. However they do not make up the majority of those in the parks. If there were 3 people oi n each roo. It would total 105,000 people a day if everyone went to a park every day, or 38,325 000 a year. Now with 90% occupancy it would be 34,492,500. You then have to reduce that by those who spend a day at Universal or another offsite park, water park or Disney Springs. Plus there are those at Conventions staying at Coronado or another hotel. Overall that should reduce the annual themepark attendance from onsite to under 20,000,000, Disney knows the actual number. Another way of looking at this is to look at the parking lots and the number of cars parked every day. The vast majority of those are people from offsite, either local people of people staying in one of the 10s of thousand hotel rooms outside of WDW. Orlando is also the timeshare Capital of the world because of people going to sWDW and Universal.

Now here is some interesting numbers for 2018 through November. MCO's passenger count was 43,378,678 up 6.8% and Sanford International was 2,862,042 up 7.6%. Tourism tax, i.e.hotel room tax was up 8.1% in Orange County and 12.1% in Osceola County. Finally the reported hotel occupancy rate for non disney hotels was basically flat. So what does this mean? It looks like Disney was up in those staying on site. I believe Universal was too. But the growth was higher in the Disney area. Therefore, I am predicting that when the TEA attendance numbers come out Disney for the second year in a row will have an higher attendance percentage gain than Universal. But both will have gains even though many thought the parks were not as crowded. Does this make sense? Yes because of the population continues to get older more people like me spend less time per day in the parks. I still enjoy them but also enjoy my times at the different Resorts and Disney Springs.

 

[Darkprime]

Think I read somewhere mexico is supposed to review the deal today?

 

[brodie999]

Think I read somewhere mexico is supposed to review the deal today?

Really? A fan said he heard the same thing on a entertainment website!! We'd all be surprised if Disney announced Mexico gave the deal their seal of approval on the Earnings Call this month. Could you please show us the link where it says that?

 

[Darkprime]

Cant post it because its non english speaking website but heres what it says.

Asuntos por resolver
Agenda de asuntos que serán discutidos por el Pleno en su próxima sesión.
Sesión de Pleno a celebrarse el 31 de enero de 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-126-2018.
Agentes: TWENTY-FIRST CENTURY FOX, INC. Y THE WALT DISNEY COMPANY.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-157-2018.
Agentes: SKECHERS, S.A.R.L., DEPORTIVOS CON ESTILO, S.A. DE C.V. Y OTRO.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-175-2018.
Agentes: DEA DEUTSCHE ERDOEL AG, DEA NEDERLAND B.V. Y OTROS.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-179-2018.
Agentes: GIP II HELIOS S.À.R.L., COBRA INSTALACIONES Y SERVICIOS, S.A. Y OTRO.
Fecha de Publicación: 29 DE ENERO DE 2019.

 

[brodie999]

Cant post it because its non english speaking website but heres what it says.

Asuntos por resolver
Agenda de asuntos que serán discutidos por el Pleno en su próxima sesión.
Sesión de Pleno a celebrarse el 31 de enero de 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-126-2018.
Agentes: TWENTY-FIRST CENTURY FOX, INC. Y THE WALT DISNEY COMPANY.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-157-2018.
Agentes: SKECHERS, S.A.R.L., DEPORTIVOS CON ESTILO, S.A. DE C.V. Y OTRO.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-175-2018.
Agentes: DEA DEUTSCHE ERDOEL AG, DEA NEDERLAND B.V. Y OTROS.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-179-2018.
Agentes: GIP II HELIOS S.À.R.L., COBRA INSTALACIONES Y SERVICIOS, S.A. Y OTRO.
Fecha de Publicación: 29 DE ENERO DE 2019.

Thanks!! I wish we had a computer translator, so we could understand what non-English languages are saying. It's really hard to understand foreign people.

 

[Darkprime]

Google translate is your friend.

Matters to solve
Agenda of issues that will be discussed by the Plenary in its next session.
Plenary Session to be held on January 31, 2019.
Subject: CONCENTRATION.
File: CNT-126-2018.
Agents: TWENTY-FIRST CENTURY FOX, INC. AND THE WALT DISNEY COMPANY.
Publication Date: JANUARY 29, 2019.
Subject: CONCENTRATION.
File: CNT-157-2018.

 

[brodie999]

Google translate is your friend.

Matters to solve
Agenda of issues that will be discussed by the Plenary in its next session.
Plenary Session to be held on January 31, 2019.
Subject: CONCENTRATION.
File: CNT-126-2018.
Agents: TWENTY-FIRST CENTURY FOX, INC. AND THE WALT DISNEY COMPANY.
Publication Date: JANUARY 29, 2019.
Subject: CONCENTRATION.
File: CNT-157-2018.

Okay, thanks!! I hope they approve it today, so we can have another country ticked off the list!!

 

[Darkprime]

Do you mean the terra article?

Disney will have to sell sports channel, says Cade

The company announced the purchase of Fox in a deal valued at more than $ 50 billion; the merger leaves with one owner two of the main sports channels of pay TV

To approve the purchase of Fox by Disney, the Administrative Council of Economic Defense (Cade) requires that the company dispose of sports channels. According to the Broadcast / Broadcast , the sale is under negotiation between the board and Disney and the trend is for an agreement to be reached between the parties.

Disney announced the purchase of Fox in December last year in a deal valued at more than $ 50 billion. In Brazil, the merger leaves two of the main sports channels for pay-TV, ESPN and Fox Sports with only one owner - only Globosat's SporTV would not be in the group.


Cade has until March to review the deal. The suit was expected to be put on the agenda of tomorrow's trial, but negotiations have not been completed and the case should only be heard in February. The board may require the company to dispose of all or only part of the sports channels.

In December, Cade's general superintendence advised the agency's court to impose restrictions on the business because it understands that the operation causes a significant increase in concentration in the sports channel market and that it can not be approved as presented to the board.

The superintendency considered that such concentration would be of concern, with the potential to reduce the quality and diversity of the available sports content, in addition to increasing costs that could be passed on to consumers. "Today, only a large competitor can compete with these channels," the statement said.

Despite this, the technicians considered that there is no increase in significant concentration in other markets analyzed and that there are competitors able to compete with the new company in areas such as distribution of films - thus, to reprove the operation would be disproportionate.

 

[brodie999]

Do you mean the terra article?

Okay, thanks for the link!! Hopefully, Brazil won't take long to approve the deal since they and Disney are working things out very well. IT makes me wonder if the deal will indeed close by late February.

 

[Lafayettecalboy]

I known this will go through but how much percent chance the Disney Fox merger do you think will go through? I personally think 99.9% likely.

 

[mab7689]

Cant post it because its non english speaking website but heres what it says.

Asuntos por resolver
Agenda de asuntos que serán discutidos por el Pleno en su próxima sesión.
Sesión de Pleno a celebrarse el 31 de enero de 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-126-2018.
Agentes: TWENTY-FIRST CENTURY FOX, INC. Y THE WALT DISNEY COMPANY.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-157-2018.
Agentes: SKECHERS, S.A.R.L., DEPORTIVOS CON ESTILO, S.A. DE C.V. Y OTRO.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-175-2018.
Agentes: DEA DEUTSCHE ERDOEL AG, DEA NEDERLAND B.V. Y OTROS.
Fecha de Publicación: 29 DE ENERO DE 2019.
Asunto: CONCENTRACIÓN.
Expediente: CNT-179-2018.
Agentes: GIP II HELIOS S.À.R.L., COBRA INSTALACIONES Y SERVICIOS, S.A. Y OTRO.
Fecha de Publicación: 29 DE ENERO DE 2019.

I just copied and pasted this text into Google and it is from the official website of COFECE, the Mexican regulator. Hopefully this means it is moving forwards and approval comes soon.

 

[Darkprime]

Brazil are just being annoying now. I wonder if Comcast would have had this much trouble. It seems as tho this is an aspect of the deal the Murdochs didn't consider would cause any trouble.

CADE sent letters to 8 companies asking among other things if they are interested in buying all or part of the sports assets.

The letters are posted on the CADE site and it could take a bit of time for response.

It sounds like it is not convinced of behaviorial remedies that DIS wont abuse the market power post merger so it’s leaning toward strucutural ie asset sale. Read: DIS didn’t offer enough money to the commissioners.

 

[Twilight_Roxas]

Brazil are just being annoying now. I wonder if Comcast would have had this much trouble. It seems as tho this is an aspect of the deal the Murdochs didn't consider would cause any trouble.

Since everyone hates Comcast we would just laugh at them.

 

[Sirwalterraleigh]

Since everyone hates Comcast we would just laugh at them.

You are consistent in your loathe of Comcast...I’ll give you that much

 

[Twilight_Roxas]

You are consistent in your loathe of Comcast...I’ll give you that much

Everyone loathe Comcast even the antitrusters, fcc, and department of Justice, and Marvel fans hate them.