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News Disney and Fox come to terms -- announcement soon; huge IP acquisition
- Thread starter ohioguy
- Start date
I think it's been scheduled for that day for a while now. Bummer for them if the deal closes a day or two afterward. I hope it closes that day though.
I'm pretty sure that's what they are calling their "Investor Day". When I googled the shareholder meeting, I found news articles from last fall indicating that the shareholder meeting would be on March 7th in St. Louis. The shareholder meeting is where shareholders vote on things contained in the proxy statement. The Investor Day is on April 11th and is where Disney has indicated they will give details on Disney+ and some information on their plans for Fox (assuming it's closed by then).
Slpy3270
Well-Known Member
Universo Online is reporting Disney has until the end of 2020 to sell Fox Sports Brazil.
Viacom, RedeTV, Sony, Groupo Record, SBT, Turner Broadcasting, Discovery Communications, and other entities are alleged to be interested in buying the assets.
Viacom, RedeTV, Sony, Groupo Record, SBT, Turner Broadcasting, Discovery Communications, and other entities are alleged to be interested in buying the assets.
I think it could close much earlier than that.
Slpy3270
Well-Known Member
Don't get your hopes up. All Disney cares about now post-merger is a) paying that debt up, and b) prepare to have money to settle the scores of FOX accounting lawsuits bound to be filed.
Unless Sony plans on selling their studio business I seriously doubt they would trade Spiderman rights for Fox sports Brazil and Mexico.
ABQ
Well-Known Member
You sure are putting a great deal of eggs into that basket, eh?
Disney will most likely write off the debt. They will probably shutdown the Fox movie and tv studios in a couple of years anyway.
Slpy3270
Well-Known Member
If they wrote off the debt, all those properties would never see the light of day again.
I dont think thats how that works? Disney would transfer all the fox properties to main Disney studio. And move the Marvel stuff under Feige. They are buying Fox for its IP catalog. For Disney+. Not so much for its studio resources. Or Fox could just pay it themselves its only $180 million its nothing to them.
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bartholomr4
Well-Known Member
$180 million is considered material under GAAP accounting rules. Fox would have had to set the money aside when the arbitration started (at least the 50 Million of it that was not punitive damages) . They will definitely have to put the punitive damages aside as they appeal the ruling. The merger agreement covers legal exposure on all kinds of legal issues and set asides. They can write off $180 million if the appeal is lost, but the tax benefit would only be the companies tax rate multiplied by the write-off. (If they have a 20% tax rate, then the tax benefit would only be 36 million, with the rest coming from earnings)
Twilight_Roxas
Well-Known Member
Disney gives Fox Sports to Comcast & Sony they could give Disney back the film, and distribution rights to the Hulk, and Spiderman.
That would be a horrible deal. The movie distribution rights for Hulk and almost worthless while the Spiderman rights are worth about 5 to 6 billion but Fox's RSNs are worth 15 billion or more and the Fox Sports in Brazil and Mexico are worth ????