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

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Darkprime

Well-Known Member
Might be worth noting that as of today Disney has yet to extend the deadline again for the exchange of offers and consent solicitations. There is still time to do so. But Its currently set to expire this Wednesday. They will mostly likely extend it again but fingers crossed they dont the exchange is meant to occur on around the closing of the acquisition. Is their a limit to how many times they can extend the date for exchange offers and consent solicitations?
 
Slpy3270

Slpy3270

Well-Known Member
Darkprime said:
Might be worth noting that as of today Disney has yet to extend the deadline again for the exchange of offers and consent solicitations. There is still time to do so. But Its currently set to expire this Wednesday. They will mostly likely extend it again but fingers crossed they dont the exchange is meant to occur on around the closing of the acquisition. Is their a limit to how many times they can extend the date for exchange offers and consent solicitations?
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They extended the deadline to the 19th last Wednesday.
 
biggy H

biggy H

Well-Known Member
So if a few countries say Disney would have to sell a sports channel to get approval I gather thats just tto do with the local markets right? What's stopping Disney or fox closing down a channel in that country and then at a later date getting those sporting rights for the remaining channels?
 
JoeCamel

JoeCamel

Well-Known Member
biggy H said:
So if a few countries say Disney would have to sell a sports channel to get approval I gather thats just tto do with the local markets right? What's stopping Disney or fox closing down a channel in that country and then at a later date getting those sporting rights for the remaining channels?
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$$$$$
 
bartholomr4

bartholomr4

Well-Known Member
Iger Initial Statements from the Earnings Call:

  • The company beat Earnings Estimate by 30 cents a share.
  • 37 Oscar Nominations between Disney and 21CF
  • Direct To consumer is our main Focus.
  • Continued ESPN+. Had 600,000 new ESPN+ Subscribers with First “Fight Night” Broadcast
  • ESPN+ Now has 2,000,000 Subscribers (up 1,000,000 in the last quarter)
  • Lots of New content under construction for Disney+
  • Demonstrate Disney+ on Investor Day on April 19th. Preview of New Content
  • Ready to Combine the two companies once final regulatory approval is received.
No Mention of when the closing will occur! (The call is still going on, if anything else is stated, I'll come back with an update)
 
Indy_UK

Indy_UK

Well-Known Member
A million subscribers added to ESPN+ in a quarter ? That's quite impressive so while they may be bleeding TV subscriber to ESPN, obviously + is where people may be moving too?
 
D

Darkprime

Well-Known Member
bartholomr4 said:
Iger Initial Statements from the Earnings Call:

  • The company beat Earnings Estimate by 30 cents a share.
  • 37 Oscar Nominations between Disney and 21CF
  • Direct To consumer is our main Focus.
  • Continued ESPN+. Had 600,000 new ESPN+ Subscribers with First “Fight Night” Broadcast
  • ESPN+ Now has 2,000,000 Subscribers (up 1,000,000 in the last quarter)
  • Lots of New content under construction for Disney+
  • Demonstrate Disney+ on Investor Day on April 19th. Preview of New Content
  • Ready to Combine the two companies once final regulatory approval is received.
No Mention of when the closing will occur! (The call is still going on, if anything else is stated, I'll come back with an update)
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April 19th? Conrad says April 11th for the demo.

 
brodie999

brodie999

Active Member
Darkprime said:
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Let me guess. The "few remaining markets" are Brazil, Mexico and Chile. Mark Hughes said on Facebook that approval from Mexico's IFT is inevitable. So it makes me wonder if Disney will indeed complete their deal with Fox this month or next month. We'll wait until we hear Mexico has fully approved the deal in a few weeks.
 
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AnotherDayAnotherDollar

Well-Known Member
Disney is bribing Brazil with Disneyland Brasilia!

www.correiobraziliense.com.br

Governo reserva área de 800 hectares em Sobradinho para parque da Disney

Proposta de instalação de parque da Disney no DF ainda está em fase muito inicial, mas o GDF já tem uma área destinada ao empreendimento, caso ele se concretize
www.correiobraziliense.com.br www.correiobraziliense.com.br

Link in Portuguese, but google is your friend!

I'm being sarcastic, this is just a rumor
 
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Darkprime

Well-Known Member
Looks like Mexico's IFT is having the same concerns as Brazil with sports channels.

The merger between Disney and 21ST Century Fox could affect Mexican Soccer


  • The IDET detected disadvantages to promote competition as well as distribution of audiovisual products in Mexico with the merger between Disney and Fox
  • Mexican soccer could be involved after 4 teams are broadcast by Fox Sports
  • Fox launched a premium application with national and international sports content, whose price is 139 pesos per month
From the Institute of Telecommunications Law (IDET) concerned the merger between Disney and 21st Century Fox , as this could have on consumer detriment television in Mexico, including football fans.


According to an Economist report , the IDET has stated that it finds disadvantages to promote healthy competition as well as the distribution of audiovisual products; this, despite the fact that the Federal Telecommunications Institute still needs to analyze the transaction.

And it is that the games of Monterrey, Pachuca, León and Tijuana are broadcast by the Fox Sports signal , which means 22 percent of the teams that play in the first division of the country.
While, from ESPN can see the matches of Atlas and Santos, although it is shared rights with TV Azteca .

Competition.
After the announcement of purchase, the media reports, Fox launched a premium application with national and international sports content, whose price is 139 pesos per month, or free for those who already pay for the television service.

Similarly, El Economista said that Morena senators will summon the commissioners of the IFT, Gabriel Contreras , as well as Alejandra Palacios , from the Federal Commission of Economic Competition, to look into the risks of the union.

In the last tournament, 31 percent of the 153 games played in the regular season were broadcast exclusively by a pay-TV channel, while 77 percent were tuned to open television.

And, during the last four years, the television offer of the parties changed for the followers, derived from the distribution of television rights, which produced better offers from Fox Sports, ESPN, TVC Deportes as well asClaro Video.

In such a way that the Mexican amateur would have to pay to be able to watch the transmissions of the equipment, something that lives since 1998 when Televisa incorporated first division matches in its pay signal (Sky) since by contract it was established that the clubs yielded two or three matches per tournament.

However, this fact could be slowed down in Mexico, also, there are precedents, in Argentina, to see football matches must be paid, while in Brazil the purchase was not authorized by the Administrative Council of the Economic Defense; Meanwhile, in the United States, the union was made without the inclusion of Fox Sports , to avoid monopolistic actions.
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Darkprime

Well-Known Member
Twilight_Roxas said:
Just tell them to sell the sports channels.
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Whether these are legit concerns by CADE or IFT or not who knows maybe they just want some $$$ from Disney. Or they simply feel like that have to leave their mark on this historic merger. I dont understand why Disney isn't offering concessions to Brazil and Mexico. I get it, it will be a loss there is no doubt about that but at this point if its holding up Mexico and Brazil approvals. Whats the alternative? Brazil doesn't seem to want behavioural fixes and clearly wants the sale/divestiture of assets. Mexico will probably be the same. At this point it seems easier to divest Fox Networks Group Latin America.
 

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