Tag: 21st Century Fox
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The Walt Disney Company Reports Third Quarter and Nine Months Earnings for Fiscal 2019
BURBANK, Calif.–The Walt Disney Company (NYSE: DIS) today reported quarterly earnings for its third fiscal quarter ended June 29, 2019. Diluted earnings per share (EPS) from continuing operations for the quarter decreased 59% to $0.79 from $1.95 in the prior-year quarter. Excluding certain items affecting comparability(1), EPS for the quarter decreased 28% to $1.35 from…
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Sinclair Broadcast Group to Acquire 21 Regional Sports Networks from Disney at a Valuation of $10.6 Billion
Byron Allen to Become Equity and Content Partner in RSN Holding Company BALTIMORE, MD and BURBANK, CA (May 3, 2019) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair” or the “Company”) and The Walt Disney Company (NYSE: DIS) (“Disney”) today announced that they have entered into a definitive agreement under which Sinclair will acquire the…
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Hulu Purchases AT&T Stake For $1.4 Billion Leaving Only Two Owners for the Streaming Service
Los Angeles based Hulu has purchased AT&T’s stake in the streaming service. This means that Hulu now only has two owners. Disney is the majority partner with a controlling stake in the service with Comcast Corp being the minority partner. The purchase from AT&T cost Hulu $1.4 billion. The entire service is said to be…
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21st Century Disney – DISNEY Reporter
Welcome to this week’s edition of DISNEY Reporter. This week there are a lot of Disney and geek headlines to cover! Starting off, Disney has acquired Fox. With this acquisition comes a lot of changes! Other news covers the Disney Parks, movies, and more! As this edition of DISNEY Reporter was being edited breaking news…
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Walt Disney Company Adds Properties from 21st Century Fox Deal to Homepage
Last night, the Walt Disney Company finalized the deal with 21st Century Fox and gained new properties. When the deal became official, the website updated to reflect some of the new properties that now fall under the Disney umbrella. This is just the first step of the new direction for Disney. The $71 billion deal…
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The New Walt Disney Company – GEEKS CORNER – Episode 925 (#443)
Welcome to a very special edition of GEEKS CORNER! This week, the show takes place just minutes after The Walt Disney Company acquired 21st Century Fox. This is a substantial change for The Walt Disney Company and the geeks talk about how things will change moving forward. In movie news, two new trailers have come…
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Disney Completes Acquisition of 21st Century Fox
As of right now, 12:02 EST, the Disney acquisition of 21st Century Fox has been completed. The $71 billion deal gives Disney control of Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family, and Fox Animation; Fox’s television creative units, Twentieth Century Fox Television, FX Productions, and Fox21; FX Networks; National Geographic Partners;…
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Disney Announces March 20 as Closing Date For 21st Century Fox Acquisition
After a long process, the Walt Disney Company has officially announced a date for the Fox acquisition! The Walt Disney Company, which had to receive approval from regulators in Mexico this week, has said that the merger with 21st Century Fox will become official next week. Disney said it expects the union to “become effective…
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Disney CEO Bob Iger’s Pay Grows 80% to $65.6 Million in 2018
2018 was a big year for Bob Iger and a big year for Disney. One of the big stories of the year was Disney’s pursuit of the acquisition of 21st Century Fox. Due to this new deal, in 2017 Bob Iger extended his contract with The Walt Disney Company. The result of this was a…
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Rupert Murdoch’s New Fox May Reacquire Regional Sports Network From Disney
New Fox appears to be a leading contender to buy the regional sports network from Disney that it is purchasing from 21st Century Fox. Fox, after selling off its 21st Century Fox assets for $71.3 billion, is refocusing on sports and news. Disney is selling off the regional sports network due to its ownership of…
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The Walt Disney Company Offers Concessions to European Commission For Fox Merger Approval
The Walt Disney Company continues to inch forward to merging with 21st Century Fox. The Walt Disney Company has reportedly offered concessions to the European Commission ahead of approval for its merger with Fox. r. The Commission has pushed its deadline to review the deal from October 19th to November 11th. Currently, the European Commission hasn’t revealed…
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The Walt Disney Company Announces New Organizational Structure for its Media Networks Business, Conditional Upon Closing of 21st Century Fox Acquisition
21st Century Fox executives to assume leadership roles at Disney business segment once acquisition closes Peter Rice to become Chairman, Walt Disney Television and Co-Chair, Disney Media Networks Dana Walden to assume new role of Chairman, Disney Television Studios and ABC Entertainment John Landgraf to serve as Chairman of FX Networks and FX Productions Gary E.…
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The Bug’s Land Challenge – GEEKS CORNER – Episode 844
Welcome to a very warm episode of GEEKS CORNER! The heat wave continues and the geeks are ready to brave it to geek out with you! This week there is quite a lot to cover and the geeks get right into it, after geeking out about cats. Then they move on to Star Wars: Episode…
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Disney and Fox Shareholders Vote to Approve Merger
Shareholders for The walt Disney’s Company and 21st Century Fox have voted to approve a merger between the two companies. The vote comes after a bidding war between Disney and Comcast for Fox threatened to disrupt the deal. The deal will include Fox’s movie and television studios along with its cable entertainment and international assets.…
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Time to Celebrate, Disney Geeks! – DISNEY Reporter
Welcome to another week of Disney and geek headlines with the DISNEY Reporter. As with every week, DISNEY Reporter shares the top headlines of the week from the Disney and geek communities. This week things start off at Disney California Adventure. There, Bing Bong’s Sweet Stuff is now open. The Pixar Film Festival also is…
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Disney Poised to Purchase Fox as Comcast Drops Out of Bidding War
It appears that Disney will soon be acquiring 21st century Fox after Comcast dropped out of its bidding war today. The news was announced via a statement released by Comcast. “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,”…
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The Walt Disney Company Signs Amended Acquisition Agreement To Acquire Twenty-First Century Fox, Inc., For $71.3 Billion In Cash And Stock
New $38-per-share acquisition gives 21st Century Fox shareholders option to elect cash or stock in the combined entity BURBANK, Calif., June 20, 2018—The Walt Disney Company (NYSE: DIS) today announced that it has signed an amended acquisition agreement with Twenty-First Century Fox, Inc. (“21st Century Fox” —NASDAQ: FOXA, FOX), for $38 per share in cash…
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New Year New Disney? – GEEKS CORNER – Episode 814
Welcome to the first episode of GEEKS CORNER of 2018! This week there is a lot to talk about as Disney could be potentially changing massively as it absorbs 21st Century Fox. Disney California Adventure will be saying goodbye to Paradise Pier. As it changes over to Pixar Pier the Geeks discuss how that will…
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The Last Jedi and Disney Buys Fox – DISNEY Reporter
Welcome to this week’s edition of DISNEY Reporter. A bulk of the stories focus on Star Wars: The Last Jedi. Also covered this week includes DuckTales, Disney acquiring 21st Century Fox, and the updates to Star Wars Launch Bay at Disneyland ahead of Star Wars: Galaxy’s Edge. The Last Jedi and Disney Buys Fox –…
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21st Century Fox to Disney: 4 Questions the Acquisition Raises
This morning, it was officially announced that Disney has acquired a lion’s share of 21st Century FOX (for just over 52 Billion, plus another 10+ in assumed debt), making the Iger-led company a behemoth the likes of which Hollywood has never seen. In the buyout, Disney has acquired numerous legacy brands, brought several interesting (and…
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Disney CEO Bob Iger To Delay Retirement to 2021
Bob Iger has announced that he will be delaying his retirement again. This comes as part of a deal for Disney to acquire major elements of 21st Century Fox. Because of the complexities of this deal, Iger has extended his contract to 2021 to oversee the acquisition. Bob Iger succeeded Michael Eisner as the CEO…
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AVATAR: Discover Pandora Exhibit Opening This December!
This December fans of Avatar’s world of Pandora will be able to experience up close the environments and creatures of Pandora. AVATAR: Discover Pandora will cover 12,000 square feet and will offer both immersive educational and entertainment experiences for those who visit. This exhibit will begin a world tour on December 7 in Taipei, Taiwan. Read the press release…