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News Disney and Fox come to terms -- announcement soon; huge IP acquisition
- Thread starter ohioguy
- Start date
Rodan75
Well-Known Member
Why poke the bear? There are far more interesting conversations around here now than there were then and a diversity of opinions exists here without being stifled by having to take sides on radical teams.
bartholomr4
Well-Known Member
By John Ourand – Sports Business Journal,
16 minutes ago
The Walt Disney Co. will begin accepting bids on Thursday for the group of 22 Fox-branded regional sports networks (RSN) that it is selling, according to sources.
These first rounds of bids will be submitted to Allen & Co., which is handling the sale along with JP Morgan Chase & Co., and meetings to discuss the opening bids will start as early as next week.
Sources expect a deal to close in the first quarter of next year and could fetch around $20 billion.
Disney (NYSE: DIS) started sending the official bid book to prospective buyers four weeks ago. Up to 40 bidders have signed a non-disclosure agreement to look at the RSNs.
Comcast (NASDAQ: CMCSA), which owns eights RSNs, is not submitting a bid, sources said. Neither is Fox Sports (NASDAQ: FOX, FOXA), which has been described in some circles as a front-runner to buy back the RSNs. Fox Sports, which still is managing the RSNs through the sales process, still could be involved in the sales process down the road.
A host of media companies, digital companies, individual teams and private equity groups have showed interest.
16 minutes ago
The Walt Disney Co. will begin accepting bids on Thursday for the group of 22 Fox-branded regional sports networks (RSN) that it is selling, according to sources.
These first rounds of bids will be submitted to Allen & Co., which is handling the sale along with JP Morgan Chase & Co., and meetings to discuss the opening bids will start as early as next week.
Sources expect a deal to close in the first quarter of next year and could fetch around $20 billion.
Disney (NYSE: DIS) started sending the official bid book to prospective buyers four weeks ago. Up to 40 bidders have signed a non-disclosure agreement to look at the RSNs.
Comcast (NASDAQ: CMCSA), which owns eights RSNs, is not submitting a bid, sources said. Neither is Fox Sports (NASDAQ: FOX, FOXA), which has been described in some circles as a front-runner to buy back the RSNs. Fox Sports, which still is managing the RSNs through the sales process, still could be involved in the sales process down the road.
A host of media companies, digital companies, individual teams and private equity groups have showed interest.
AnotherDayAnotherDollar
Well-Known Member
South Africa has also approved the deal
http://www.compcom.co.za/wp-content/uploads/2018/01/Weekly-Media-Statement-29-October-2018.pdf
http://www.compcom.co.za/wp-content/uploads/2018/01/Weekly-Media-Statement-29-October-2018.pdf
Twilight_Roxas
Well-Known Member
That was quick.
Lafayettecalboy
Member
Basically besides U.S. and EU approval getting a lot of news, what other countries approval is newsworthy? I am aware India is one of the biggest to approve it but they seemed to not get a lot of news attention.
The only major country left is China.
bartholomr4
Well-Known Member
In an interview with CNBC this evening, Iger said there are "only a few countries left". He anticipates a quicker than forecast completion of the approvals, as in June he had said it would take a year. The CNBC reporter asked if Iger thought the trade war would get in the way of Chinese approval, and Iger said "No, I don't see that happening, and I expect a decision from the Chinese Government without any political interference"
Lafayettecalboy
Member
Oh yeah China, in fact is set to approve it soon without conditions apparently.
wdwfan4ver
Well-Known Member
Ford Exploder is not coming back. He got banned here.
jt04
Well-Known Member
I go away for a few months and return to a strange new world.
Twilight_Roxas
Well-Known Member
Who?
FigmentJedi
Well-Known Member
Disney Streaming Service, now officially named Disney+, looks to be pushing National Geographic as the primary Fox presence on there.
https://preview.disneyplus.com/
https://preview.disneyplus.com/
wdwfan4ver
Well-Known Member
I am referring to former poster Ford91Exploder. Some people called him Ford Explorer in the past. He was on here up to May of this year. I said he was banned due to information WDWmagic mentioned in June.
He is the one that always had an ax to grind with Disney and a lot posters got sick of. Members here claimed he was blatantly lying and making up “facts.”
Indy_UK
Well-Known Member
I think the Nat Geo stuff makes sense to be on there as it gives more variety to appeal to families.
I wonder what’s going to happen to IP like Avatar. I believe in the cinema Disney will end up rotating the release of the sequels with Star Wars one every other year. But then does it then go to Disney + but under the Fox banner?
HauntedMansionFLA
Well-Known Member
Popular way to name things....FastPass+, Disney+
Rteetz
Well-Known Member
MyMagic+
I'm surprised Memory Maker, StoryMaker, MDE, MagicBands, and Disney Parks Play don't all have the plus suffix, too.
PB Watermelon
Well-Known Member
Iger said Disney Plus is going to be "laser-focused" on family content. I imagine the Fox content with R-rated sex and violence and profanity would be headed to Hulu.
Progress.City
Well-Known Member
With the Fox Merger, I wonder if Disney would actually have enough IP content for (dare I say) a fifth gate at WDW or (more realistically) a third gate at DLR. With Comcast/Universal preparing their own third (and possibly fourth) gate(s) in Orlando, the question of additional Disney “gates” becomes more realistic, especially if the new Uni gates are proven successful.