Disney Tag

By Ryan Faughnder June 28, 2018 | Walt Disney Co. is shuffling its executive ranks as it prepares to launch its streaming video service, a key initiative by the company to remain a dominant entertainment player in the digital age. The Burbank-based studio on Thursday put its film marketing president, Ricky Strauss, in charge of content and marketing for its streaming initiative, which...

By Ben Munson June 22, 2018 | The Walt Disney Company is promising to sell off even more Fox assets if its $71 billion deal for the company’s studio and cable network businesses earns regulatory approval. In a filing with the SEC, Disney said that it would be willing to part ways with Fox assets representing up to $1 billion in total EBITDA. That’s an...

By Dade Hayes and Dawn C. Chmielewski June 20, 2018 | Disney CEO Bob Iger said changes in consumer habits are driving the company’s aggressive pursuit of 21st Century Fox studio and network assets. Facing historic levels of competition from Netflix and other digital players, traditional media powers have no choice but to act, he said in a conference call this morning with Wall Street analysts. “Direct-to-consumer distribution has actually become an even more...

By Keach Hagey and Erich Schwartzel June 20, 2018 | Walt Disney Co. raised its offer to purchase most of 21st Century Fox to more than $71.3 billion in cash and stock, topping an unsolicited offer from rival Comcast Corp. and escalating the bidding war for the coveted media properties. Disney’s new offer is far higher than its original deal, $52.4 billion in stock, and surpasses...

By Dawn C. Chmielewski and Dade Hayes June 14, 2018 | Comcast is prepared to make concessions, including shedding Fox’s stake in the online streaming service Hulu, in order to win regulatory approval for its $65 billion offer to acquire most of 21st Century Fox’s film and television assets, according to sources. The U.S. cable giant, in a competing bid submitted yesterday, promised to match any of the remedies...

By Gerry Smith June 13, 2018 | Your move, Disney. After Comcast Corp. made a $65 billion bid on Wednesday for 21st Century Fox Inc.’s entertainment assets -- the same holdings that Walt Disney Co. had agreed to buy for about $52.4 billion -- the Mouse House is under pressure to respond. At stake is a trove of media properties, ranging from “The Simpsons” to “X-Men,”...

By Alisha Haridasani June 8, 2018 | Rupert Murdoch is looking beyond Disney for the sale of the bulk of 21st Century Fox assets, Richard Greenfield, media and tech analyst at BTIG told Cheddar exclusively. “I think a lot of people have said not only is he focused only on selling to Disney but he really wants Disney stock and wants to be...

By Stewart Clarke June 5, 2018 | The British government gave the green light Tuesday to 21st Century Fox’s bid to take over Sky, on condition that Sky News be offloaded to a third party such as Disney. The government also cleared a rival bid for Sky from Comcast, paving the way for the two U.S. media giants to battle it out for Europe’s biggest pay-TV company. Read more on...

By Dade Hayes May 29, 2018 | “Comcast must be looking into the 10-year future,” veteran media analyst Todd Juenger, of Sanford Bernstein, writes, “and has concluded: 1) there will only be a handful of global, entertainment video services, 2) most of those slots are already taken (Netflix, Amazon, Google/YouTube, Facebook?, Apple?), 3) likely only one company from ‘old media’ can make it...

By Pamela McClintock May 28, 2018 | Lucasfilm and Disney are facing a moment of reckoning. Solo: A Star Wars Story's initial performance marks a rare loss for Disney. Moreover, it is forcing the studio to reexamine its strategy for the iconic Star Wars franchise, which Disney took over when it bought Lucasfilm for more than $4 billion in 2012. Most box-office analysts say the...