A northern Mexican soccer club has filed a lawsuit against the Walt Disney Company. The club, Santos Laguna, claims breach of contract and is seeking recompense and a declaration of rights. According to the lawsuit, filed with Los Angeles county’s Superior Court, Disney liquidated Mexican assets of 21st Century Fox,
Tag: 21st Century Fox
Another Round of Layoffs Hits Disney and Fox Film Studios
Another Round of Layoffs Hits Disney and Fox Film Studios. As the two entertainment conglomerates are woven together, there is an effort to reduce redundancies within the studios. The Hollywood Reporter brought notice to the layoffs, which occurred on Wednesday, June 19th. Though an official number has not been released
Disney Makes an Official Statement about 21st Century Fox Purchase
Disney’s acquisition of 21st Century Fox was finalized early this morning. Bob Iger, Chairman and CEO of The Walt Disney Company, has released an official statement. Here’s what he has to say about the merger: “This is an extraordinary and historic moment for us—one that will create significant long-term value for
Disney’s Acquisition of 21st Century Fox is Finally Complete
At 12:02am ET on Wednesday, March 20th, the Walt Disney Company’s acquisition of 21st Century Fox will be officially complete. The multi-billion dollar deal was first announced in December of 2017. After much consideration and negotiation, Disney will absorb the rights to all 21st Century Fox movie and TV divisions.
Disney and 21st Century Fox Announce Closing Date and Election Deadline.
Disney and 21st Century Fox in connection with Disney’s acquisition of 21CF (21st Century Fox) made an announcement today that the deadline for holder of 21CF common stock to elect the form of consideration will be at 5:00 pm ET on March 14, 2019. In addition, Disney and 21CF announced
Amazon In Talks to Purchase the YES Network from Disney.
The Walt Disney Company is the current owner of most of 21st Century Fox assets and is currently managing the current deal as part of the its plan to sell the YES Network along with 21 other regional sports networks. The selling of these networks was a condition of the
Disney-Fox Deal Approved in Brazil, Mexico Likely to Follow.
It’s been a long road for Disney acquiring 21st Century Fox properties with a Disney-Fox Deal. However, the long road could be coming to an end after a 5-to-1 vote with Brazil’s antitrust regulatory agency Cade giving the Disney-Fox Deal the go-ahead with a few stipulations. Brazil has concerns, as
Disney CEO Promises Marvel Will Continue to Make R-Rated Films
Good news, Marvel fanatics! No characters will have to have their mouths washed out with soap. Disney CEO promises Marvel will keep making R-rated movies like “Deadpool”. In previous years, the Walt Disney Company has appreciated a clean image as the unmatched provider of family entertainment. That being said,
Exciting News About Disney+ Streaming Platform
Many have been anxiously awaiting details to be released about Disney’s new streaming service, Disney+. Details about the service have been kept under wraps. Hopefully, additional information will be made available during 2Q19. The Disney+ streaming platform is supposed to be shown off during an April 11 investor meeting. Maybe
Disney Shareholders Raise the Bar for Chief Executive Bob Iger
Disney Shareholders Raise the Bar for Chief Executive Bob Iger. The Walt Disney Company has raised the bar for Chief Executive, Bob Iger, in order to win his bonus. Disney has announced Monday, after shareholder push back, that more rigorous benchmarks are required for Iger. Iger was slated to collect
Disney and Fox Respond to Lawsuit Regarding Abandoned Malaysian Theme Park
On Monday, November 26, 2018, news spread like wildfire about Disney and Fox being sued by Genting Malaysia Berhad for wrongfully abandoning a previously contracted 21st Century Fox films theme park. Genting claims Disney ultimately pulled the plug on the theme park after the Disney/Fox deal was struck despite a
The Walt Disney Company Will Buy 21st Century Fox for $71.3 Billion
We have been covering the acquisition of 21st Century Fox by The Walt Disney Company since it was first announced. At one point, Comcast also made a bid to acquire 21st Century Fox, but they later backed out. Today, after a vote by shareholders on both sides, the deal has
Comcast Ends Bidding War with Disney for 21st Century Fox
Comcast has been in a bidding war with Disney to acquire the rights to 21st Century Fox. With the hopes of stopping Disney’s pending, stock-based $52.4 billion deal with Fox, Comcast made a higher, all-cash offer of approximately $65 billion. The assumption was that Comcast was waiting to see if AT&T’s
A Disney Fox Amended Merger was Announced Today
A Disney Fox amended merger was announced today by 21st Century Fox. When announced in December, the purchase price was $52.4 billion – or right at $28 per share. This amended offer has increased that price to $38 per share – or just over $71 billion. The amended and restated Disney
