Disney closes $71B deal for Fox entertainment assets

Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Dr. Strange” under one corporate roof. The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year. It will also likely lead […]

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After-Hours News: Disney Prepares to Close on Fox Deal; Tencent Music Reports Earnings

Entertainment giant Walt Disney (NYSE: DIS) and Chinese music entertainment platform Tencent Music (NYSE: TME) are making headlines during after-hours trading on Tuesday. Continue Reading Below Walt Disney to close its acquisition of Fox In an announcement after the market closed on Tuesday, Disney said its acquisition of Twenty-First Century Fox assets, including the film production businesses, television creative units, […]

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Disney’s Bob Iger Hails “A Historic Day For Our Company” Following Fox Deal Close, Stresses Challenges Of Merging The Units

Shortly after the Disney’s $71.3 billion acquisition of Fox assets officially closed at 12:02 AM ET Tuesday, the deal’s architect, Disney CEO Bob Iger, sent an internal memo to the incumbent and newly added employees titled “A Historic Day for Our Company.” In the note, Iger outlined Disney’s plans for the future, stressing its focus on building its straight-to-consumer business. […]

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Netflix’s Ted Sarandos Chides Apple & Disney For Being “Very Late” To Streaming

EXCLUSIVE: “Absolutely!” Ted Sarandos said Monday when asked whether his attitude toward the upcoming streaming platforms from Apple, Disney and WarnerMedia is a case of “bring it on.” “I have no idea what they’re doing until we see it,” Netflix’s chief content officer told Deadline today of Apple’s expected new streaming service unveiling March 25, and Disney+ fueled by Marvel, […]

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Disney World's Biggest Rival Keeps Betting Big on Harry Potter

Just as Walt Disney (NYSE: DIS) was raising some of its ticket prices on Tuesday, Universal Orlando parent Comcast (NASDAQ: CMCSA) was trying to raise the bar when it comes to immersive family-friendly thrill rides. The state's second-largest theme park resort is offering up some more details on Hagrid's Magical Creatures Motorbike Adventure, a new roller coaster that will open […]

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New ‘Avengers: Endgame’ Trailer From Imax Offers Screen Size Comparison

A new side-by-side version from Imax of the current Avengers: Endgame trailer (watch it above) shows that the larger-format screens offer moviegoers up to 26% more of the filmed image compared with conventional screens. Joe and Anthony Russo, who directed Endgame, used the Alexa Imax 65mm camera, a 2D digital camera developed by Imax and Arri. The brothers had used […]

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Disney in talks with AT&T to buy WarnerMedia's Hulu stake: Variety

(Reuters) – Walt Disney Co is actively pursuing the purchase of WarnerMedia’s nearly 10 percent stake in Hulu, entertainment business news portal Variety reported on Wednesday, citing sources. Disney, Comcast and Twenty-First Century Fox Inc each had a 30 percent stake in the video streaming service Hulu, as of September 2018. Time Warner, renamed WarnerMedia after its acquisition by telecom […]

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