Disney’s sales process for Fox’ 22 RSNs took a big step forward last week when the company sent the official bid book to prospective bidders, according to several sources. Said to be more than 150 pages, the book was sent to networks, digital companies, distributors and investment banks who agreed to sign a non-disclosure agreement. Allen & Co. and JP Morgan Chase are handling the sale for Disney, sources said.
The American Cable Association has a problem with how the Justice Department resolved its antitrust issues with Disney’s purchase of Twenty-First Century Fox assets, including, at least temporarily, its 20 regional sports networks, Prime Ticket and the YES network.
Walt Disney has offered concessions in an attempt to allay EU antitrust concerns over its $71.3 billion bid for 21st Century Fox’s entertainment assets, the European Commission said on Monday. Disney submitted its proposal on Friday, according to a filing on the EU competition enforcer’s website which however did not provide details.
ESPN’s Aaron LaBerge will be executive vice president and chief technology officer of Disney’s international and direct-to-consumer segment.
Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart’s video-on-demand service, Vudu, while AT&T’s WarnerMedia said it would create its own streaming service centered on HBO and Turner properties. Disney, meanwhile, is buying Fox’s entertainment businesses to beef up its planned streaming service , set to debut next year.
Peter Rice, the president of 21st Century Fox, will leave Rupert Murdoch’s empire after three decades to take charge of the Walt Disney Company’s TV division. Although he will become arguably the most powerful executive in the industry — he will oversee a broadcast network, a collection of cable channels and an enormous studio — his understated demeanor is unlikely to change.
Bob Iger shared the stage with presidential historian Doris Keans Goodwin at Tuesday’s Vanity Fair New Establishment Summit, but he didn’t want people to read into it. “I happen to be speaking with a presidential historian, but it’s just a coincidence,” he told the crowd. “I am not doing that. It’s off the table. I am running the Walt Disney Co.” Questions of a possible presidential run in 2020 have followed the Disney CEO for some time.
Disney’s $71.3 million deal to acquire key Fox Television Group assets leaves top FTG executives in no man’s land. The list includes FTG Chief Marketing Officer Shannon Ryan, EVP Casting Sharon Klein, CFO Robert Barronand and SVP Brand Management & New Media Strategy Michael Gooch.
Top 21st Century Fox television executives Peter Rice, Dana Walden, John Landgraf and Gary E. Knell are officially headed to the Magic Kingdom. The Walt Disney Co. announced that Rice and Walden will come aboard to lead the conglomerate’s non-sports television operations. Rice has been named chairman, Walt Disney Television and co-chair, Disney Media Networks. Walden has been named chairman, Disney Television Studios and ABC Entertainment Landgraf will serve as Chairman of FX Networks and FX Productions. Knell will serve as chairman of National Geographic Partners.
So far in 2018, Disney has released the top three U.S. box-office hits. And Disney CEO Bob Iger has topped his own bigger-is-better strategy with a $71 billion deal to buy 21st Century Fox’s entertainment assets, bringing into the fold everything from Avatar to The Simpsons. Now the studio that began in the back of a real estate office by selling its first cartoon to one distributor in 1923 is poised to launch its own streaming service. By eliminating the middlemen and selling content directly to consumers, Disney will disrupt the disrupters.