Lafayettecalboy
Member
I hope Disney does not commit Pinnochio on FX, Fox Searchlight, 20CF, and R-Rated properties.
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News Disney and Fox come to terms -- announcement soon; huge IP acquisition
- Thread starter ohioguy
- Start date
I think you should reread the article because it insinuates that other studios may sue Netflix too.
Netflix Heads to Court: How Fox’s Poaching Trial Could Reshape Hollywood
An upcoming courtroom battle between Netflix and Fox could completely upend the traditional practice of locking in employees through long-term contracts — is the entertainment world ready to embrace the gig economy?www.hollywoodreporter.com
So....Fox hiring standards are now going to court. So it will be Disney vs Netflix in the end.
You hope they don't make them real boys?
Quinnmac000
Well-Known Member
It stated they were subpoena'd. Not that they would sue.
The issue here is Fox is suing Netflix for illegally going after Fox employees under contract. What did Fox do that you think is wrong? Long term contracts are needed. If Netflix wins any contract with an actor go out the window. That would mean no more guarantee that the same actor would appear multiple moves. Can you imagine a different actor playing Harry Potter in each movie? How about a different Captain America, Iron man Thor ... etc.? As the article says this can also throw sports contract out. Anyway, this case will most likely go to the US Supreme Court as this deals with Interstate Commerce and not just the State of California. I hope Fox wins because long term contracts must be enforced for the benefits of all. Long term contracts benefit the employee because they ate guaranteed the money over time, the business because they know they will have the employee. Netflix is screwing the entire entertainment industry and in turn the fans of movies.
bartholomr4
Well-Known Member
The Walt Disney Company Announces Extension of Exchange Offers and Consent Solicitations for 21st Century Fox America, Inc. Notes
Business Wire Business Wire•March 1, 2019
BURBANK, Calif.--(BUSINESS WIRE)--
The Walt Disney Company (“TWDC”) (DIS) announces the extension of the expiration date of the offers to exchange (the “Exchange Offers”) any and all outstanding notes (the “21CFA Notes”) issued by 21st Century Fox America, Inc. (“21CFA”) for up to $18,128,740,000 aggregate principal amount of new notes to be issued by TWDC Holdco 613 Corp. (“New Disney”, and such new notes, the “New Disney Notes”) and cash and the related consent solicitations (the “Consent Solicitations”) being made by New Disney on behalf of 21CFA to adopt certain proposed amendments (the “Proposed Amendments”) to the indentures governing the 21CFA Notes (the “21CFA Indentures”). New Disney hereby extends such expiration date from 5:00 p.m., New York City time, on March 5, 2019, to 5:00 p.m., New York City time, on March 12, 2019 (as the same may be further extended, the “Expiration Date”).
Business Wire Business Wire•March 1, 2019
BURBANK, Calif.--(BUSINESS WIRE)--
The Walt Disney Company (“TWDC”) (DIS) announces the extension of the expiration date of the offers to exchange (the “Exchange Offers”) any and all outstanding notes (the “21CFA Notes”) issued by 21st Century Fox America, Inc. (“21CFA”) for up to $18,128,740,000 aggregate principal amount of new notes to be issued by TWDC Holdco 613 Corp. (“New Disney”, and such new notes, the “New Disney Notes”) and cash and the related consent solicitations (the “Consent Solicitations”) being made by New Disney on behalf of 21CFA to adopt certain proposed amendments (the “Proposed Amendments”) to the indentures governing the 21CFA Notes (the “21CFA Indentures”). New Disney hereby extends such expiration date from 5:00 p.m., New York City time, on March 5, 2019, to 5:00 p.m., New York City time, on March 12, 2019 (as the same may be further extended, the “Expiration Date”).
Twilight_Roxas
Well-Known Member
Is it still closing on the 8th?
bartholomr4
Well-Known Member
Unless they extend the date again, you could assume the closing will occur on or before the 12th (Not after the 12th). The 12th is a Tuesday so the 8th or 11th (Friday or Monday) would be the closing date.
I don't think this is correct. The language in the exchange offers says that the settlement of the exchange offers occurs at least 2 days after the expiration date, and occurs on or about the date that the deal closes. I think with them extending the exchange offers the deal isn't supposed to close until at least the 14th or 15th.
bartholomr4
Well-Known Member
You may be right..... I am thinking Disney has to own C21F before it does the exchange (it can't exchange its debt for 21CF debt until it is responsible for repaying it). Either way we are within a week or 2 of the closing!
According to Seeking Alpha, Hulu just pass 2 million live TV streaming a month. This is on top of the regular Hulu streaming service. This puts them in 2nd place behind Sling. I expect that within a year they will be number 1 with well over 3 million live subscribers who gave up their cable TV service. Hulu is going to be a very profitable asset.
Twilight_Roxas
Well-Known Member
I really want the deal to close already.
JoeCamel
Well-Known Member
Yeah, you get that bump when you drop prices. $7.99/mo to $5.99/mo for basic. Probably a way to get the suckers in the door so they can upcharge the heck out of them.
The upcharge is a package deal adding on D+ and/or ESPN+.
HauntedMansionFLA
Well-Known Member
There should be a Disney+ thread on its own.
AnotherDayAnotherDollar
Well-Known Member
LOL. There's no way in hell that the limited Spider man movie licensing rights are worth about 5 to 6 billion. I don't know what you guys are smoking, but it's supposed to be puff puff give.
Indeed. While over the course of eight Sony Spider-Man movies, the Box Office was $6B net, however, you have to account for the theaters taking their share (roughly half, or $3B), then subtract the cost of production ($1.4B) and subtract the cost of marketing and other studio administrative charges (roughly $.7B).
That leaves the studio a profit of close to just one billion dollars... over the course of eight movies and sixteen years. That's a profit of $58 million per year on average.