Walt Disney Co., on the brink of sealing its $71 billion takeover of 21st Century Fox Inc. entertainment assets, will agree to sell the Fox Sports channels in Brazil and Mexico to win regulatory approval there, according to people close to the discussions
Walt Disney Co. is said to have pulled its advertising spending from YouTube, joining other companies including Nestle SA, after a blogger detailed how comments on Google’s video site were being used to facilitate a “soft-core pedophilia ring.” Some of the videos involved ran next to ads placed by Disney and Nestle.
A former football player, he spent three decades working for Walt Disney, his father-in-law, and had notable successes — until things turned sour. Over four years — as president and, for 18 months, chief executive — he oversaw the creation of Disney Channel, the company’s cable network.
Walt Disney Co’s Marvel superhero studio will produce four new adult-oriented animated series for the Hulu streaming service, Hulu said on Monday. Disney is reserving new programming for its own online platforms as the company works to transform into digital entertainment.
With the $71.3 billion merger of two studios about to close, fears are mounting on the storied Fox lot as colleagues prepare to become rivals, Bob Iger’s every move is scrutinized and 4,000 jobs are about to vanish: “There will be bloodshed.”
While much of the media business is getting ready to cash in on legalized wagering, Walt Disney Co. CEO Bob Iger doesn’t expect the squeaky clean company to place bets on gambling. “I don’t see the Walt Disney Co., certainly in the near terms, getting involved in the business of gambling by facilitating gambling in any way,” he said Tuesday.
Walt Disney Co reported quarterly earnings on Tuesday that handily topped Wall Street estimates thanks to a booming theme park business and growth at its ABC broadcast network as the company invests in a digital media future.
Liberty Media has joined the bidding for the regional sports networks that Disney is trying to sell to finalize a deal with Twenty-first Century Fox, sources told CNBC. Liberty and Major League Baseball have submitted bids in the auction. Disney is selling them in order to complete its $71 billion deal to acquire Fox’s movie production and television assets, which included the regional sports networks. That deal is expected to close within weeks.
Among traditional media companies, no one is making a bigger bet on streaming than Walt Disney Co. It’s all part of Ceo Bob Iger’s master plan to corral many beloved brands, from “Avatar” to “Zootopia,” and deliver them to the millions of viewers who now stream TV via monthly subscriptions. But challenging Netflix, the online pioneer with almost 140 million subscribers worldwide, will cost big money, especially with Disney digesting Fox.
When The Simpsons ends its 30th and current season this spring, it will have racked up 663 original episodes — having a season ago passed Gunsmoke (635) as the longest-running scripted program in television history. But with the Walt Disney Co.’s acquisition of 21st Century Fox pending, one of TV’s least likely institutions could prove more valuable to its new owner in retirement than as a going concern.