Region Louisiana
Search
Creative Handbook
Creative Handbook
Cine Gear Expo
ATLANTA FILM ANIMALS
GBH MAINTENANCE
WonderWorks / Action Sets and Props
AMBULANCE FILM RENTALS




CHAPMAN/LEONARD
CHAPMAN/LEONARD

industry news

The Latest Industry News for the Exciting World of Production.


 
Creative Handbook puts together a bi-monthly newsletter featuring up-to-date information on events, news and industry changes.
Add My Email

Disney willing to divest more Fox assets for deal clearance


By: Reuters | Disney | Fox | June 21, 2018

Disney willing to divest more Fox assets for deal clearance
Walt Disney Co (DIS.N) said on Thursday it was willing to divest Twenty-First Century Fox Inc (FOXA.O) assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal.

Disney in a regulatory filing said it was willing to divest the assets, potentially including regional sports networks. The media conglomerate had previously planned to divest Fox assets that generated $500 million in EBITDA.

Fox has been in the middle of a bidding war between Disney and Comcast Corp (CMCSA.O), with Disney on Wednesday raising its bid for the bulk of Fox's film and television assets to $71.3 billion. Comcast is likely to further raise its offer.

Disney and Comcast want to add to their own entertainment businesses with Fox's well-known TV shows and movie franchises, like the "X-Men" superheroes and "The Simpsons," to better compete with fast-growing digital rivals Netflix Inc (NFLX.O) and Amazon.com Inc (AMZN.O).

Disney Chief Executive Officer Bob Iger, who has been working with regulators around the world for the past six months, has downplayed antitrust concerns related to the deal.


No Comments







Post Comment

Creative Handbook

17631 Ventura Blvd., Ste. 320

Encino, CA 91316

Office: (818) 752-3200
© 2024 Creative Handbook
    •    Last Updated Thursday, March 28th, 2024 at 08:32 am