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Old 12-14-2017, 12:42 PM  
DaneMcCloud DaneMcCloud is offline
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It's a Done Deal: Disney purchases Fox

$52 Billion plus Fox's $14 Billion of debt.

It’s now official – Walt Disney Company has purchased key parts of 21st Century Fox including the 20th Century Fox movie studio and the 20th Century Fox Television production company, along with media assets like Fox Searchlight, Fox 2000, FX Networks, FX Productions, National Geographic Partners, Fox21, Fox Regional Sports Networks, and Fox’s stake in Hulu, Star India, Endemol Shine Group and Sky.

Not included in the deal due to anti-trust restrictions are Fox News, the FOX broadcast network, or Fox Sports, which all remain a part of the Fox empire – as will the Fox studio lot in Century City. Those will be separated and maintained either under a newly listed company that will be spun off to its shareholders, or merge with News Corp. itself.

Disney now has its hands on Fox’s key franchises including “X-Men,” “Alien,” “Predator,” “Avatar,” “Die Hard,” “Planet of the Apes,” “Kingsman” and “Fantastic Four” (which is listed in the press release). Disney now also controls the full rights to all “Star Wars” films with the previously Fox-owned 1977 original likely to go back to Disney’s Lucasfilm – meaning theatrical re-releases and a potential home video version of the original theatrical cut.

Disney’s upcoming streaming service will also benefit with the addition of a ton of Fox content. The entire deal was done for approximately $52.4 billion in stock along with Disney also assuming approximately $13.7 billion of net debt for a total transaction value of approximately $66.1 billion.

At the request of both 21st Century Fox and the Disney Board of Directors, Mr. Iger has agreed to continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021.

The Boards of Directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions. It’s expected it will take 12-18 months to gain the necessary approvals to fuse the companies.
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Old 12-14-2017, 06:30 PM   #31
displacedinMN displacedinMN is online now
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But when will Disney show Gus-the Field Goal Kicking Mule or The Worlds Strongest Man again???
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Old 12-14-2017, 09:24 PM   #32
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wut
Opps Ridley Scott, my bad. The last two were bad.
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Old 12-14-2017, 09:39 PM   #33
DaneMcCloud DaneMcCloud is offline
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Originally Posted by digger View Post
Opps Ridley Scott, my bad. The last two were bad.
Outside of the original and Aliens, which directed by Cameron, they’ve all been bad, IMO.

3, 4, Prometheus and Covenant.
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Old 12-15-2017, 02:26 AM   #34
cooper barrett cooper barrett is offline
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You think it will get past the feds????


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Originally Posted by DaneMcCloud View Post
$52 Billion plus Fox's $14 Billion of debt.

It’s now official – Walt Disney Company has purchased key parts of 21st Century Fox including the 20th Century Fox movie studio and the 20th Century Fox Television production company, along with media assets like Fox Searchlight, Fox 2000, FX Networks, FX Productions, National Geographic Partners, Fox21, Fox Regional Sports Networks, and Fox’s stake in Hulu, Star India, Endemol Shine Group and Sky.

Not included in the deal due to anti-trust restrictions are Fox News, the FOX broadcast network, or Fox Sports, which all remain a part of the Fox empire – as will the Fox studio lot in Century City. Those will be separated and maintained either under a newly listed company that will be spun off to its shareholders, or merge with News Corp. itself.

Disney now has its hands on Fox’s key franchises including “X-Men,” “Alien,” “Predator,” “Avatar,” “Die Hard,” “Planet of the Apes,” “Kingsman” and “Fantastic Four” (which is listed in the press release). Disney now also controls the full rights to all “Star Wars” films with the previously Fox-owned 1977 original likely to go back to Disney’s Lucasfilm – meaning theatrical re-releases and a potential home video version of the original theatrical cut.

Disney’s upcoming streaming service will also benefit with the addition of a ton of Fox content. The entire deal was done for approximately $52.4 billion in stock along with Disney also assuming approximately $13.7 billion of net debt for a total transaction value of approximately $66.1 billion.

At the request of both 21st Century Fox and the Disney Board of Directors, Mr. Iger has agreed to continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021.

The Boards of Directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions. It’s expected it will take 12-18 months to gain the necessary approvals to fuse the companies.
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Old 12-15-2017, 02:28 AM   #35
DaneMcCloud DaneMcCloud is offline
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Originally Posted by cooper barrett View Post
You think it will get past the feds????
Yes.

Disney isn't purchasing Fox Broadcasting (The Simpsons, etc.) Fox News, Fox Sports FS1 or FS and a few other assets.

Fox will still broadcast the NFL, MLB and all of its original programming.

The deal was made to avoid any issues with the government.
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Old 12-15-2017, 04:47 AM   #36
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What I had read was Fox news was the only thing left behind do I guess it's FOX TV?
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Last edited by cooper barrett; 12-15-2017 at 05:01 AM..
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Old 12-15-2017, 06:18 AM   #37
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So Disney owns ABC and Fox now? Damn.
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Old 12-15-2017, 06:56 AM   #38
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Originally Posted by displacedinMN View Post
But when will Disney show Gus-the Field Goal Kicking Mule or The Worlds Strongest Man again???
Heh. Used to love those old movies.

But I have a feeling they are extremely dated and stale if I watched them today.

When will Disney rerelease 'Song of the South' ?
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Old 12-15-2017, 07:04 AM   #39
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Originally Posted by DaneMcCloud View Post
Outside of the original and Aliens, which directed by Cameron, they’ve all been bad, IMO.

3, 4, Prometheus and Covenant.
3 is a little underrated IMO I've got time for Fincher. Funny the Alien franchise for me is almost a mirror image to the Terminator:

1st = one is a simple stripped down classics
2nd = Pumped up but still works
3rd = Watchable but a little wisjudged

Everything after is a convoluted mess.
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Old 12-15-2017, 08:50 AM   #40
Buehler445 Buehler445 is offline
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Originally Posted by DaneMcCloud View Post
Yes.

Disney isn't purchasing Fox Broadcasting (The Simpsons, etc.) Fox News, Fox Sports FS1 or FS and a few other assets.

Fox will still broadcast the NFL, MLB and all of its original programming.

The deal was made to avoid any issues with the government.
I admittedly know nothing about these companies and how they are structured, but can those divisions you listed survive without the parent company? I'd hate for some of that to wither on the vine because there is some good programming on some of those.
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Old 12-15-2017, 10:46 AM   #41
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getting past FTC and FTC in any other adm. would be rejected.....
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Old 12-15-2017, 10:51 AM   #42
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Next move - AT&T buy the remaining parts of FOX.
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Old 12-15-2017, 10:53 AM   #43
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Originally Posted by cooper barrett View Post
getting past FTC and FTC in any other adm. would be rejected.....
They are only buying movie industry portions. I don't see that as an issue in any admin. The TV stuff (news / sports) is not going to Disney.
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Old 12-15-2017, 11:12 AM   #44
DaneMcCloud DaneMcCloud is offline
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Originally Posted by unlurking View Post
They are only buying movie industry portions. I don't see that as an issue in any admin. The TV stuff (news / sports) is not going to Disney.
They’re purchasing all 18 of the Fox Regional Sports Networks, which will be folded into ESPN, so you’ll like see an ESPN Kansas City that carries Royals, Sporting KC amd other sports programming related to the region.

They’re also getting FX, FXX and National Geogrpahic and all of its channels.

The only divisions staying at Fox are Fox News, Fox Sports and the Fox Over-The-Air network.

So basically, Disney is purchasing 20th Century Fox movie and television studio and cable networks, plus international TV holdings and Fox’s interest in Hulu.

Murdoch retains control of Fox News Channel and the Fox broadcast network, which will be spun off into a separate company.
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Old 12-15-2017, 11:16 AM   #45
DaneMcCloud DaneMcCloud is offline
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Originally Posted by ChiefsCountry View Post
Next move - AT&T buy the remaining parts of FOX.
Nah, there's no real value there.

Unlike AT&T purchasing Warner Brothers, the studio, soundstages and recording studios and all of its assets are going to Disney.

All that's left is Fox News, Fox Broadcasting and Fox Sports 1 & 2.

That's just not very appealing.
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