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

[ABQ]

Wish they'd just be proactive already and extend Feige's contract now rather than waiting till the end of the year. Don't want to lose him to the competition.

 

[Darkprime]

Wish they'd just be proactive already and extend Feige's contract now rather than waiting till the end of the year. Don't want to lose him to the competition.

There's no way hes leaving now that they have the Fox characters back home. Hes waited decades to integrate them into his Universe.

 

[Darkprime]

Tom Hanks-Paul Greengrass ‘News Of The World’ Moves From Fox 2000 To Universal

Tom Hanks-Paul Greengrass 'News Of The World' Moves From Fox 2000 To Universal

deadline.com

 

[Darkprime]

Sony chatter debates spin-off of entertainment business

Conflicting chatter is springing up around whether Sony (NYSE:SNE) would consider letting go of its motion picture unit.

seekingalpha.com

 

[Quinnmac000]

Sony chatter debates spin-off of entertainment business

Conflicting chatter is springing up around whether Sony (NYSE:SNE) would consider letting go of its motion picture unit.

seekingalpha.com

Sony Pictures is not worth the value because they hide most their IP and brands under Sony Music....so to get value you have to own both.

 

[AnotherDayAnotherDollar]

Sony Pictures is not worth the value because they hide most their IP and brands under Sony Music....so to get value you have to own both.

That's exactly what Loeb wants (and previously wanted). Estimates have SPE + SME to be worth about 45B. Sony is one of those companies where the sum of the parts is greater than the whole and Loeb is trying to convince Yoshida and the board of the same so TP can make billions.

https://www.reuters.com/article/us-...ony-handily-sharpen-its-picture-idUSKCN1RM08Q

This is way OT though. I actually think this thread should be locked and discussion should continue on MisterPenguin's thread.

 

[Lucky Rabbit]

Sony chatter debates spin-off of entertainment business

Conflicting chatter is springing up around whether Sony (NYSE:SNE) would consider letting go of its motion picture unit.

seekingalpha.com

This could be a big deal for Disney and Marvel Studios.

In December Variety predicted Apple would buy Sony in 2019: https://variety.com/2018/biz/features/variety-film-tv-music-predictions-2019-1203087313/

A pop culture news site mentions it's possible that Spider-Man isn't included in the deal: https://wegotthiscovered.com/movies...urchase-sony-pictures-mean-spider-man-rights/

This would give Apple control of some juicy IP not controlled by Disney (which will only increase when the Fox merger goes through), including Jumanji, Men in Black, Breaking Bad and, theoretically at least, Spider-Man. Although, some new evidence seems to point to that last one being in question.

A Tweet has revealed that there’s a clause in a contract relating to the Spider-Man IP which says if Sony were to be sold, the rights would revert back to Marvel. However, then there’s the matter of production and distribution rights, which are entirely separate things. We could end up in a situation where the production rights to Spidey end up back at Marvel, but they still have to put out any solo movies under the ‘Apple Movies’ banner.

Basically, nobody knows what the hell would happen right now. It should be said that Apple are so rich and powerful though that if they were so minded, they could probably buy Disney itself (though this would be one of the most complicated business deals of all-time). Even so, they’re still a new force in the world of film and television and if they do end up purchasing Sony, it’ll be fascinating to see where Spider-Man ends up once all is said and done.

The tweet it references:

 

[bartholomr4]

https://www.hollywoodreporter.com/news/at-t-eyeing-sale-hbo-europe-report-1200880

Comcast to purchase HBO Europe?

AT&T is discussing selling the European arm of HBO in an attempt to reduce $170 billion of debt, according to reports.
The Financial Times on Wednesday reported that HBO Europe was one of assets that the telecoms giant was considering offloading, citing multiple people familiar with the matter.

With around 200 employees, HBO Europe – which was originally launched in 1991 – has an estimated 10 million subscribers across countries including Spain, Hungary, Poland, Serbia, Denmark and Norway. Alongside distributing HBO shows such as Game of Thrones and The Sopranos, since 2010 it has also moved into producing its own premium local-language content, and is a well-established rival to Netflix in many territories.

Recently announced titles include Foodie Love, the small screen debut for Spanish director Isabel Coixet, and the Swedish-language adaptation of Beartown, based on the bestselling book by A Man Called Ove writer Fredrik Backman. In the U.K., Germany and Italy, HBO licenses its content exclusively through Sky, whose new owners Comcast are thought be a well-suited buyer.

 

[bartholomr4]

This could be a big deal for Disney and Marvel Studios.

In December Variety predicted Apple would buy Sony in 2019: https://variety.com/2018/biz/features/variety-film-tv-music-predictions-2019-1203087313/

A pop culture news site mentions it's possible that Spider-Man isn't included in the deal: https://wegotthiscovered.com/movies...urchase-sony-pictures-mean-spider-man-rights/



The tweet it references:

Except there was a contract revision in 2011 which makes this moot and allows Sony to sell itself and not have the rights returned to Marvel.

 

[AnotherDayAnotherDollar]

This could be a big deal for Disney and Marvel Studios.

In December Variety predicted Apple would buy Sony in 2019: https://variety.com/2018/biz/features/variety-film-tv-music-predictions-2019-1203087313/

A pop culture news site mentions it's possible that Spider-Man isn't included in the deal: https://wegotthiscovered.com/movies...urchase-sony-pictures-mean-spider-man-rights/



The tweet it references:

On that very tweet thread the guy admits it's a fake:



People need to stop quoting that. It's fake. We have the contracts from 2004 and 2011 that says the rights are transferable. It could have been changed in 2015, but there's no proof.

 

[Lucky Rabbit]

On that very tweet thread the guy admits it's a fake:



People need to stop quoting that. It's fake. We have the contracts from 2004 and 2011 that says the rights are transferable. It could have been changed in 2015, but there's no proof.

I didn’t realize it had all been debunked. Well that’s a letdown. They’ll probably never get the rights back because obviously Disney isn’t going to buy Sony.

 

[Darkprime]

https://www.hollywoodreporter.com/news/at-t-eyeing-sale-hbo-europe-report-1200880

Comcast to purchase HBO Europe?

AT&T is discussing selling the European arm of HBO in an attempt to reduce $170 billion of debt, according to reports.
The Financial Times on Wednesday reported that HBO Europe was one of assets that the telecoms giant was considering offloading, citing multiple people familiar with the matter.

With around 200 employees, HBO Europe – which was originally launched in 1991 – has an estimated 10 million subscribers across countries including Spain, Hungary, Poland, Serbia, Denmark and Norway. Alongside distributing HBO shows such as Game of Thrones and The Sopranos, since 2010 it has also moved into producing its own premium local-language content, and is a well-established rival to Netflix in many territories.

Recently announced titles include Foodie Love, the small screen debut for Spanish director Isabel Coixet, and the Swedish-language adaptation of Beartown, based on the bestselling book by A Man Called Ove writer Fredrik Backman. In the U.K., Germany and Italy, HBO licenses its content exclusively through Sky, whose new owners Comcast are thought be a well-suited buyer.

That makes no sense At&t didn't buy time warner to just sell off HBO. They made it pretty clear they were going to invest more into HBO.

 

[bartholomr4]

That makes no sense At&t didn't buy time warner to just sell off HBO. They made it pretty clear they were going to invest more into HBO.

AT&T's CEO Randall Stevenson came out this afternoon and said the story was false..... Nothing to see here, looks like the Financial Times is out ahead of its ski's.

 

[happycamperuni]

AT&T sold its 10% of Hulu back to Hulu (not directly to Disney apparently).


Also, the valuation was $15 billion on the sale for Hulu's total value.


This means that Disney should own 66.6% and Comcast should own 33.3% if the story is accurate.

 

[mab7689]

AT&T sold its 10% of Hulu back to Hulu (not directly to Disney apparently).


Also, the valuation was $15 billion on the sale for Hulu's total value.


This means that Disney should own 66.6% and Comcast should own 33.3% if the story is accurate.

I've just read the Deadline article on this so it's true. That says Disney and Comcast now will have to decide how to allocate it between them. A 2:1 allocation is assumed though.

 

[Darkprime]

On that very tweet thread the guy admits it's a fake:



People need to stop quoting that. It's fake. We have the contracts from 2004 and 2011 that says the rights are transferable. It could have been changed in 2015, but there's no proof.

he doesn't say its fake he says he thinks its fake. Just saying. small difference there.

 

[mab7689]

I thought I'd come back to this to add, as I haven't found anything searching elsewhere, if there's any information on the progress of the conditional divestures?
Does anyone know anything about:

1. Fox RSNs
2. Fox Sports Latin America
3. A&E Europe
4. Their stake in Walt Disney Studios Sony Pictures Releasing Mexico

 

[bartholomr4]

I've just read the Deadline article on this so it's true. That says Disney and Comcast now will have to decide how to allocate it between them. A 2:1 allocation is assumed though.

Yes, you are right. I read that too....I think Disney and Comcast had Hulu purchase the 10% so the purchase wouldn’t have to go through anti-trust review. If Comcast wants their 3.33% they will have to come up with $500 million to cover the shortage at Hulu’s quarter end. Under this scenario Disney would pay $1.5 billion. If Comcast doesn’t want to cover the the $500 million shortage, then that 3.33% would go to Disney.

I also saw a report by Julia Borger on CNBC announcing the purchase by Hulu.... She said there are signs that Disney is in talks with Comcast (who owns CNBC) for their 30%. She pointed out that this sale of AT&T’s stake to Hulu, values the entire company at $15.0 Billion, which would make the value of the Comcast stake now worth $4.5 billion. It will be interesting to see if David Favor (CNBC Merger Analyst) has anything to add tomorrow morning....

 

[Quinnmac000]

Yes, you are right. I read that too....I think Disney and Comcast had Hulu purchase the 10% so the purchase wouldn’t have to go through anti-trust review. If Comcast wants their 3.33% they will have to come up with $500 million to cover the shortage at Hulu’s quarter end. Under this scenario Disney would pay $1.5 billion. If Comcast doesn’t want to cover the the $500 million shortage, then that 3.33% would go to Disney.

I also saw a report by Julia Borger on CNBC announcing the purchase by Hulu.... She said there are signs that Disney is in talks with Comcast (who owns CNBC) for their 30%. She pointed out that this sale of AT&T’s stake to Hulu, values the entire company at $15.0 Billion, which would make the value of the Comcast stake now worth $4.5 billion. It will be interesting to see if David Favor (CNBC Merger Analyst) has anything to add tomorrow morning....

Hulu would then lose that biggest new subscriber driver as it would be pulled by NBCU....as well as all NBCU properties.

‘The Act’ Crime Anthology Sets New Subscribers-To-Series Record For Hulu

'The Act' Crime Anthology Sets New Subscribers To Series Record For Hulu

deadline.com

As of last year, Brooklyn 99 (NBC), Law and Order, NBC Sports, and NBC Today were some of the most watched shows on Hulu streaming services. Adding in overall properties, the Office, 30 Rock, and Parks and Rec tend to be the most watched shows on streaming overall.

Hulu Press

www.hulu.com

Is that 30% worth losing a huge chunk of popular shows?

Right now, it ain't worth it until they buildup the library more so and actually lock in more deals (I should point out that with Viacom making their own streaming service now and CBS all access, Hulu can be extremely negatively impacted in the future in terms of library with just adult Fox and Disney props)

 

[MisterPenguin]

Hulu would then lose that biggest new subscriber driver as it would be pulled by NBCU....as well as all NBCU properties.

‘The Act’ Crime Anthology Sets New Subscribers-To-Series Record For Hulu

'The Act' Crime Anthology Sets New Subscribers To Series Record For Hulu

deadline.com

As of last year, Brooklyn 99 (NBC), Law and Order, NBC Sports, and NBC Today were some of the most watched shows on Hulu streaming services. Adding in overall properties, the Office, 30 Rock, and Parks and Rec tend to be the most watched shows on streaming overall.

Hulu Press

www.hulu.com

Is that 30% worth losing a huge chunk of popular shows?

Right now, it ain't worth it until they buildup the library more so and actually lock in more deals (I should point out that with Viacom making their own streaming service now and CBS all access, Hulu can be extremely negatively impacted in the future in terms of library with just adult Fox and Disney props)

It is my understanding that Hulu bought The Act that was co-produced by a Universal production company. If Hulu bought it, Hulu owns it.