DIS Shareholders and Stock Info ONLY

[RivShore]

I think all that was divested was Sky, which went to Comcast.

There were a lot of divestitures, I started keeping track the last time we had this discussion - it looks like this when you include the minimum value of Hulu (I could not find sale amounts for most so the net cost is even less):

Net Purchase Price	$ 70.4
Divestures
21 Reg. Sports	$ (10.6)
YES	$ (3.5)
Foxnext	?
Endimol	$ (1.1)
TrueX	?
Fox Sports Mexico	?
Fox Telecolombia	?
Fox Sports Argentina	?
A&E Europe	?
Hulu 30% based on Comcast min.	$ (8.4)
Net Cost	$ 46.8

 

[wabbott]

Nothing yet from WSJ or NYT, but look for them to chime in soon.

 

[jade1]

Disney’s deal for Fox initially was $69.5B which included $35.7B in cash and $33.8B in stock (valued at $110.00) at the time of close.

Then Disney divested a few components as previously mentioned.

Thanks, makes sense. So Disney at $77B, a lot could be divested as well I assume. So it must be worth way more than that if a takeover were attempted.

 

[clarker99]

There were a lot of divestitures, I started keeping track the last time we had this discussion - it looks like this when you include the minimum value of Hulu (I could not find sale amounts for most so the net cost is even less):

Net Purchase Price	$ 70.4
Divestures
21 Reg. Sports	$ (10.6)
YES	$ (3.5)
Foxnext	?
Endimol	$ (1.1)
TrueX	?
Fox Sports Mexico	?
Fox Telecolombia	?
Fox Sports Argentina	?
A&E Europe	?
Hulu 30% based on Comcast min.	$ (8.4)
Net Cost	$ 46.8

Did Sky also get divested? Or was that before the purchase could go through? It was a $15b sale.

 

[HokieRaven5]

Did Sky also get divested? Or was that before the purchase could go through? It was a $15b sale.

The Fox share of Sky was purchased by Comcast in 2018. Disney deal for Fox was finalized in March 2019. Sky may have originally been a part of it but was sold off in the process of the acquisition.

Everything else listed by @RivShore was divested post acquisition.

 

[RivShore]

The Fox share of Sky was purchased by Comcast in 2018. Disney deal for Fox was finalized in March 2019. Sky may have originally been a part of it but was sold off in the process of the acquisition.

Everything else listed by @RivShore was divested post acquisition.

Right! it was a very complex transaction that was finalized before Disney acquired Fox so it was never included in the $70B purchase price.

 

[RivShore]

And here's the breakup talk we mentioned yesterday hitting the press today...

Pressure will build at Disney to break up if stock doesn’t improve: Rosenblatt’s Barton Crockett​

https://www.cnbc.com/video/2023/08/...esnt-improve-rosenblatts-barton-crockett.html

 

[Jwaire]

And here's the breakup talk we mentioned yesterday hitting the press today...

Pressure will build at Disney to break up if stock doesn’t improve: Rosenblatt’s Barton Crockett​

https://www.cnbc.com/video/2023/08/...esnt-improve-rosenblatts-barton-crockett.html

A tale as old as time. When the going gets tough, analysts always suggest a breakup.

Can you really imagine a separate Disney Parks company, content licensing company and ABC/ESPN/Cable network company? I can't.

There's safety in numbers. While the parks may be the star division right now, go back to 2002-2004. All it takes is one serious terrorist attack/threat/war/pandemic to tank the parks for years.

Additionally, the parks have always been a marketing arm for the studios/networks and vice versa.

There's plenty non-core enterprises to divest (A&E, Fox's cable networks, National Geo, etc.) first without breaking up the company. Then there's the multitude of spinoff ideas that are non-core like the Storyliving division that should have been cancelled months ago.

They need to get back to focusing on creating great products and stop outsourcing everything.

 

[RivShore]

A tale as old as time. When the going gets tough, analysts always suggest a breakup.

Can you really imagine a separate Disney Parks company, content licensing company and ABC/ESPN/Cable network company? I can't.

There's safety in numbers. While the parks may be the star division right now, go back to 2002-2004. All it takes is one serious terrorist attack/threat/war/pandemic to tank the parks for years.

Additionally, the parks have always been a marketing arm for the studios/networks and vice versa.

There's plenty non-core enterprises to divest (A&E, Fox's cable networks, National Geo, etc.) first without breaking up the company. Then there's the multitude of spinoff ideas that are non-core like the Storyliving division that should have been cancelled months ago.

They need to get back to focusing on creating great products.

I could see a breakup maybe working only if solid and exclusive IP sharing rights are agreed to between the newco's. But I do like that one part of the company can pickup the other as you noted.

The breakup thing is in vogue right now - 10 years ago, how would have thought classic American companies like GE and J&J would be busting themselves up?

 

[wabbott]

Not yet down to the value level of the money spent for FOX.

https://ycharts.com/companies/DIS/market_cap

Walt Disney Market Cap: 152.51B for Aug. 25

Market Cap Range, Past 5 Years

Minimum - 12/24/2018 - $149.39B

Maximum - 03/08/2021 - $366.52B

Average - $230.47B

Median - $225.49B

Market Capitalization Definition

Market Capitalization measures the total value of a company based on their stock price multiplied by the shares outstanding

 

[Elijah Abrams]

And here's the breakup talk we mentioned yesterday hitting the press today...

Pressure will build at Disney to break up if stock doesn’t improve: Rosenblatt’s Barton Crockett​

https://www.cnbc.com/video/2023/08/...esnt-improve-rosenblatts-barton-crockett.html

A tale as old as time. When the going gets tough, analysts always suggest a breakup.

Can you really imagine a separate Disney Parks company, content licensing company and ABC/ESPN/Cable network company? I can't.

There's safety in numbers. While the parks may be the star division right now, go back to 2002-2004. All it takes is one serious terrorist attack/threat/war/pandemic to tank the parks for years.

Additionally, the parks have always been a marketing arm for the studios/networks and vice versa.

There's plenty non-core enterprises to divest (A&E, Fox's cable networks, National Geo, etc.) first without breaking up the company. Then there's the multitude of spinoff ideas that are non-core like the Storyliving division that should have been cancelled months ago.

They need to get back to focusing on creating great products and stop outsourcing everything.

I could see a breakup maybe working only if solid and exclusive IP sharing rights are agreed to between the newco's. But I do like that one part of the company can pickup the other as you noted.

The breakup thing is in vogue right now - 10 years ago, how would have thought classic American companies like GE and J&J would be busting themselves up?

If there came a breakup, can some of those assets be 20th Century Studios, Searchlight Pictures, and 20th Television? It could work as long as Disney's film and TV units get, respectively, split up.

 

[RivShore]

The old classic excuse for quarterly misses is in full force with the competition:

https://nypost.com/2023/08/25/bad-weather-dampens-six-flags-seaworld-cedar-fair-theme-park-traffic/

 

[Disney Bobby]

Come'on Elon...just blow some more billions on another company and set sail!

That would be epic is so many ways. Give him a few more years and the $150 billion needed might be pocket change for him.

 

[clarker99]

That would be epic is so many ways. Give him a few more years and the $150 billion needed might be pocket change for him.

Musk X Kingdom, Xcot, Space X Studios and Gigafactory Xingdom make up WDW which is now named Musk Mars X World. You can only make payments using X which will be associated with your X band powered by Tesla. But if you want to be able to visit you will need a blue check mark. Subscibe today!

Is your tesla upgraded to FSD? Lucky you. Mars X World discounts are coming your way!

Xcot World Showcase is now Mars X Showcase complete with an Oxygen-less dome over the space and all red sand. No food and no drink available. Purchase an oxygen tank (discount for Starlink subscribers) and experience boiling hot day time temps and coldest of cold nightime temps Along with brilliant red sand and a replica Mars Rover roaming the land collecting samples!

Space X Mountain?… yes, please! Cyber Trucks-topia? Double yes!

Watch all the Space X launches on X+. Catch all your sports action on eXpn. piXar will be the only entity safe from a name change.

 

[HokieRaven5]

Musk X Kingdom, Xcot, Space X Studios and Gigafactory Xingdom make up WDW which is now named Musk Mars X World. You can only make payments using X which will be associated with your X band powered by Tesla. But if you want to be able to visit you will need a blue check mark. Subscibe today!

Is your tesla upgraded to FSD? Lucky you. Mars X World discounts are coming your way!

Xcot World Showcase is now Mars X Showcase complete with an Oxygen-less dome over the space and all red sand. No food and no drink available. Purchase an oxygen tank (discount for Starlink subscribers) and experience boiling hot day time temps and coldest of cold nightime temps Along with brilliant red sand and a replica Mars Rover roaming the land collecting samples!

Space X Mountain?… yes, please! Cyber Trucks-topia? Double yes!

Watch all the Space X launches on X+. Catch all your sports action on eXpn. piXar will be the only entity safe from a name change.

Would that also mean the only approved Marvel content going forward is the X-Men?

And that Fox would solely be dedicated to revivals, remakes, and reboots of the X-Files?

 

[irlandaise]

Come'on Elon...just blow some more billions on another company and set sail!

Aaarghh, let's not even joke about that! Talk about someone who wouldn't give even a tiny fig about the Disney legacy...

 

[RivShore]

Would that also mean the only approved Marvel content going forward is the X-Men?

And that Fox would solely be dedicated to revivals, remakes, and reboots of the X-Files?

Don't forget, her was in Ironman was he not?

 

[HokieRaven5]

Don't forget, her was in Ironman was he not?

Yes, he had a cameo in Iron Man 2

 

[Disney Bobby]

Walt and Elon certainly have different styles, but are cut from the same cloth. Both visionaries and forward thinkers. Certainly more so than the vultures that have been in charge of late.

 

[wabbott]

Walt and Elon certainly have different styles, but are cut from the same cloth. Both visionaries and forward thinkers. Certainly more so than the vultures that have been in charge of late.

Eisner, faults and all, was also a creative. If we could find a clone of him, circa 1984, it would be a blessing.