ToTBellHop
Well-Known Member
They extended Iger’s contract at $85.
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News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026
- Thread starter DCBaker
- Start date
Tha Realest
Well-Known Member
Not only has Disney+ diminished the parks, it’s partially destroyed the Marvel brand. From Variety today:
TrainsOfDisney
Well-Known Member
So…. Kinda like it is right now?
Neither does Iger. Apple owns an entertainment streaming platform and owns and manages high-end retail locations, many of them being mini-tourist attractions / destinations.
They are also one of the only brands in the world that comes close to Disney. Disney, Nike, Apple, and Coke have got to be the top 4 worldwide brands right?
Oh no! Being destroyed by too much of a good thing!!
Why did it have to be such a good thing!!!??!1/
Tha Realest
Well-Known Member
A good thing. $11 billion down the hole for the hope, promise?, it’ll someday be profitable. Maybe.
Here's the Hulu purchase announcement.
The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.’s (NASDAQ: CMCSA) NBC Universal (NBCU), following Comcast’s November 1 exercise of its right under the put/call arrangement between the two companies. The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives.
Under the terms of the put/call arrangement, by December 1, Disney expects it will pay NBCU approximately $8.61 billion, representing NBCU’s percentage of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019 minus the anticipated outstanding capital call contributions payable by NBCU to Disney. Under the appraisal process agreed to by Disney and Comcast, Hulu’s equity fair value will be assessed as of September 30, 2023, and if the value is ultimately determined to be greater than the guaranteed floor value, Disney will pay NBCU its percentage of the difference between the equity fair value and the guaranteed floor value. While the timing of the appraisal process is uncertain, we anticipate it should be completed during the 2024 calendar year.
thewaltdisneycompany.com
The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.’s (NASDAQ: CMCSA) NBC Universal (NBCU), following Comcast’s November 1 exercise of its right under the put/call arrangement between the two companies. The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives.
Under the terms of the put/call arrangement, by December 1, Disney expects it will pay NBCU approximately $8.61 billion, representing NBCU’s percentage of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019 minus the anticipated outstanding capital call contributions payable by NBCU to Disney. Under the appraisal process agreed to by Disney and Comcast, Hulu’s equity fair value will be assessed as of September 30, 2023, and if the value is ultimately determined to be greater than the guaranteed floor value, Disney will pay NBCU its percentage of the difference between the equity fair value and the guaranteed floor value. While the timing of the appraisal process is uncertain, we anticipate it should be completed during the 2024 calendar year.
The Walt Disney Company to Purchase Remaining Stake in Hulu from Comcast - The Walt Disney Company
The Walt Disney Company to purchase remaining stake in Hulu From Comcast.
thewaltdisneycompany.com
mightynine
Well-Known Member
Oh thank goodness, maybe the guy I read in Puck will now stop basically making everything he writes about this pushing his "suggestion" that Disney should've traded ESPN to Comcast for their share of Hulu.
For funsies, here's Interbrand's top global brands for 2022. A conversation starter, if nothing else.
interbrand.com
For funsies, here's Interbrand's top global brands for 2022. A conversation starter, if nothing else.
BGB – Interbrand
interbrand.com
LoL $8.61B.
Disney PR spin at its finest.
Disney PR spin at its finest.
CaptainAmerica
Premium Member
Matt Belloni or Bill Cohan?
mightynine
Well-Known Member
Except some of it wasn't great (IMO), or even worse for Marvel, not exactly must-watch.
For a cinematic universe built on seeing the next thing, not meeting that expectation definitely did some harm.
There's no harm in saying there's some superhero fatigue right now, for both Marvel and DC. Which isn't great news for the companies hoping to bleed that IP dry.
Pretty sure that was Bill's dead horse.
TWDC sold its India business for $10B recently.
Tha Realest
Well-Known Member
Those assets were originally valued at around $16-17 billion.
Based on the $8.61B amount, Comcast's stake was reduced to 28.19% of Hulu. It was reduced by Comcast not funding Hulu. Therefore even if Hulu were worth $35B and not $29.5B, they would still only get $10.2B. That is a far cry from billiions more that many wanted
Roberts is looking at a $40B valuation. That nets comcast $13B. It’s an extra $5B Disney desperately doesn’t want to be forced to spend on Hulu.
This is all an exercise in PR and Disney trying to get ahead of the message and set expectations.
My money’s on Comcast getting their way, because they’re not run by morons.
Hmm... time to start the rumor that Coca-Cola is going to buy Disney...Oh thank goodness, maybe the guy I read in Puck will now stop basically making everything he writes about this pushing his "suggestion" that Disney should've traded ESPN to Comcast for their share of Hulu.
For funsies, here's Interbrand's top global brands for 2022. A conversation starter, if nothing else.
BGB – Interbrand
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Listen. The article said "too much of a good thing." We're all suffering from the drudgery of too many good things!!!
This is how you can tell if an article was written by a smart person and they have a smart editor... that they're able to identify a deluge of good things!!!
Sirwalterraleigh
Premium Member
Bob is super consistent…the market up…Disney down.
For about the 75th time this year
For about the 75th time this year
TalkingHead
Well-Known Member
It’s called overexposure and saturating the market with “content” that dampens general audience enthusiasm. Hardly a new concept, and obviously relevant to Marvel.
GhostHost1000
Premium Member
Meanwhile Comcast thanks Disney for buying out Hulu and helping fund their new theme park that will take guests away from
Disney parks.
Go Bob!
EricsBiscuit
Well-Known Member
How nice of Disney to help pay for Universal’s new park!