• The new WDWMAGIC iOS app is here!
    Stay up to date with the latest Disney news, photos, and discussions right from your iPhone. The app is free to download and gives you quick access to news articles, forums, photo galleries, park hours, weather and Lightning Lane pricing. Learn More
  • Welcome to the WDWMAGIC.COM Forums!
    Please take a look around, and feel free to sign up and join the community.

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

brodie999

brodie999

Active Member
Twilight_Roxas said:
It would close at 12:02 eastern time so the deal would close at 9:02 western time.
Click to expand...
Good calculations! Now it says Disney is set to close the deal shortly after 9 P.M tonight which is a day early before its original finalisation date. So we won't have to wait until a day later.

variety.com

Wall Street Applauds as Disney Nears Finish Line on Fox Acquisition

Wall Street is rooting for Disney as the company reaches the finish line in its quest to acquire Rupert Murdoch’s film and TV empire.
variety.com variety.com
 
Last edited:
M

mab7689

Active Member
bartholomr4

bartholomr4

Well-Known Member
brodie999 said:
You know the Disney-Fox merger is completed by tomorrow? I'm really excited about whatever plans Disney announces for Fox on Investor Day next month on the 11th of April and probably D23.
Click to expand...

21CF split itself in two today and distributed new FOX and the remnants of 21CF to shareholders this morning at 8 am. Tonight at midnight eastern time the remnants of 21CF are merged into new Disney. New Disney trades for the first time tomorrow am st 9am with the old Disney ticket symbol DIS
 
KrazyKat

KrazyKat

Well-Known Member
357915
 
Slpy3270

Slpy3270

Well-Known Member
Darkprime said:
www.hollywoodreporter.com

21st Century Fox Promises “Generous Severance” for Employees Cut Due to Disney Acquisition

21st Century Fox is trying to calm nervous employees who worry for their jobs as Walt Disney nears a partial takeover of the company controlled by Rupert Murdoch, thus a top human resources executive issued a memo Monday promising "generous severance" to soon-to-be laid-off workers.
www.hollywoodreporter.com www.hollywoodreporter.com
Click to expand...

Yeeeeahhh we've seen this game before. Don't think the employees are convinced it will be enough.
 
D

Darkprime

Well-Known Member
Did the amount of debt they were acquiring go up? I dont remember it being this high.

Disney is also acquiring approximately $19.8 billion of cash and assuming approximately $19.2 billion of debt of 21st Century Fox in the acquisition. The acquisition price implies a total equity value of approximately $71 billion and a total transaction value of approximately $71 billion.
Click to expand...

So they are actually paying closer to $90 billion dollars. wow.
 
bartholomr4

bartholomr4

Well-Known Member
MisterPenguin said:
All you're looking at is their $19B in debt and ignoring their $19B in cash reserves.
Click to expand...

Also, the debt has a face value and a market value.... if Disney were to pay it off now (which may not be possible based on covenants in the commercial bonds), or refinance it, the actual debt total would be different (basically because the interest rates paid on the debt is higher than current market rates, and makes the market value/ cost higher).... The new Fox will also pay a pro rated portion of the existing 21CF debt Disney is assuming (the portion of the debt allocated to the new fox assets) which we won’t know the total until a bunch of closing ratios are calculated..... The June 21 merger agreement (see Sec.gov June 21, 2018) capped the debt assumed by Disney at 13.8 billion, with adjustments based on anything retired between the merger announcement date and the merger (in other words the total would go down).... Lastly there are tax implications which can adjust all of these cash payments as well. The merger may trigger capital gains tax payments which could cause a payment from New Fox to Disney.
 
C

capsshield

Active Member
I think Disney plus will rotate its catalog of films just as it does now however I'm sure there will be product that appears more permanent over the first year or so.
by rotating the classics they can advertise the new additions as a hook to bring in subscriptions.
I know with Netflix dropping the marvel shows and losing the Disney films my money will probably be going to Disney plus, especially if they put up the old world of color TV show that ran every Sunday night.

I know there has been a lot of talk about fox stuff but Disney has produced and aired a lot of great stuff I hope to see in the vault
 
MisterPenguin

MisterPenguin

President of Animal Kingdom
Premium Member
capsshield said:
I think Disney plus will rotate its catalog of films just as it does now however I'm sure there will be product that appears more permanent over the first year or so.
by rotating the classics they can advertise the new additions as a hook to bring in subscriptions.
I know with Netflix dropping the marvel shows and losing the Disney films my money will probably be going to Disney plus, especially if they put up the old world of color TV show that ran every Sunday night.

I know there has been a lot of talk about fox stuff but Disney has produced and aired a lot of great stuff I hope to see in the vault
Click to expand...

No rotation according to Bob Iger. The selling point is the full catalog (minus a few embarrassments) available for streaming on demand.
 

Register on WDWMAGIC. This sidebar will go away, and you'll see fewer ads.

Back
Top Bottom