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Comcast Drops Bid for Twenty-First Century Fox

Comcast_LogoAccording to CNNMoney, Comcast will drop its pursuit of Twenty-First Century Fox Inc. (21CF) assets. The withdrawal follows last month’s most recent bid from Disney for $71.3 billion.

Comcast and Disney have been in an ongoing bid war for 21CF assets. Last month, Comcast set a terms of proposal to acquire the businesses that 21CF agreed to sell to Disney in December. The proposal reflected a $65 billion equity, which represented 19 percent of the value of Disney’s all-stock $52.5 billion offer. Read the rest of this entry »

Disney Presents Lifetime Achievement Award to Rubie’s Costume Co. EVP

Howard Beige DIsney Lifetime AwardHoward Beige, executive vice president (EVP) of Rubie’s Costume Co., was presented with a lifetime achievement award by Disney at the annual AW19 Retail Showcase, which took place at Kings Place in London on July 4.

Disney’s AW19 Retail Showcase gives licensees, retailers, and other industry experts a preview of what’s in store across the Disney brand portfolio, including Disney•Pixar, Disney Live Action, Disney Classics, and Star Wars brands. The event was followed by an awards ceremony, where Beige was honored with the award.

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Comcast Makes $65 Billion Proposal to Acquire Twenty-First Century Fox

Comcast_LogoComcast Corp. delivered a letter to the Board of Directors of Twenty-First Century Fox Inc. (21CF) setting terms of a proposal for Comcast to acquire the businesses that 21CF has already agreed to sell to The Walt Disney Co. The proposal reflects a $65 billion equity value, or $35.00 per share in cash, which represents approximately 19 percent to the value of Disney’s all-stock offer.

The Walt Disney Co. and 21CF entered into a definitive agreement in December for Disney to acquire 21 CF, including the Twentieth Century Fox film and TV studios, along with cable and international TV businesses, for approximately $52.4 billion in stock.

21CF’s vote on the Disney merger proposal is scheduled for July 10.

Disney’s Direct to Consumer and International Segment and ESPN Reach Agreement with UFC

espnUFC and The Walt Disney Company’s new Direct-To-Consumer and International segment along with ESPN, have reached an immersive, multi-year media rights agreement for exclusive live UFC content on ESPN+, as well as across a variety of ESPN’s television, social, and digital platforms, in English and Spanish, effective January 2019.

This rights and distribution agreement provides for 15 live UFC events to stream exclusively on ESPN+, the recently-launched streaming service.  Each event will be branded “UFC on ESPN+ Fight Night” and will deliver a full card of 12 UFC bouts. In addition to the live events and content included in the ESPN+ subscription, fight fans will be able to purchase and watch UFC Fight Pass and UFC PPV events via ESPN+, for a separate cost.

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Comcast Plans to Counter Disney’s Bid for Fox With $60 Billion in Cash

Comcast intends to intervene in the middle of a signed deal between Fox and Disneycomcast-vector-logo-small, making an all-cash bid of $60 billion for the Fox assets Disney set to purchase in December, according to Reuters. The deal is still in the early stages, which makes it the optimum time for Comcast to intercept the deal.

Comcast plans to make an offer only if the AT&T acquisition of Time Warner clears regulatory approvals.  The Justice Department sued to stop the acquisition and the case is currently in court. A bidding war might be inevitable as Disney offered $52.4 billion in Disney stock and assumption of debt, so if the $60 billion Comcast offer is made, Fox will have to consider it with its shareholders in mind. The switch to Comcast would also affect Disney’s plan to have full rights over Marvel properties.

 

The Brand Liaison Adds Disney and Hasbro Alum Anita Castellar

anitacastellarThe Brand Liaison appointed toy industry veteran and co-chair of the Women in Toys central Florida chapter Anita Castellar, who will manage special projects including ideation, product development, and licensing of intellectual properties tied to character and entertainment brands. Castellar has created leading retail programs and product development strategies for some of the world’s most popular franchises including Disney, Pixar, and Star Wars.

Anita will be joining The Brand Liaison at Licensing Expo in Las Vegas at Booth F-154.

Wilson Sporting Goods Creates Sports Gear Inspired by Disney Properties

solo a star wars story soccr ball willsonWilson Sporting Goods Co. developed a line of sports gear inspired by key Disney properties. The line includes products for football, basketball, soccer, volleyball, and baseball, and features designs inspired by key theatrical releases within Disney Animation, Pixar, Marvel, and Lucasfilm portfolios.

The first product collection showcases gear inspired by Solo: A Star Wars Story and is now available for pre-sale on wilson.com/en-us.  A second collection featuring Incredibles 2 will be available on June 15.  

 

Solo: A Star Wars Story Product Lands at Retail

LEGO_StarWarsKesselRunMillenniumFalconLucasfilm debuted collections inspired by the latest Star Wars film, Solo: A Star Wars Story, which premieres in theaters on May 25. The cross-category assortment features action figures, role-play products, apparel, with comic and book titles launching next month.

Fans can pre-order select toys at retailers in the U.S., including Walmart, Amazon, and shopDisney.com. Additional product will be available at mass retailers, Disney store, shopDisney.com, and Disney Parks beginning April 13 and rolling out throughout May. Read the rest of this entry »

The Walt Disney Co. Announces Strategic Reorganization, Effective Immediately

TheWaltDisneyCompanyThe Walt Disney Co. reorganized its businesses into four segments: the newly-formed Direct-to-Consumer and International; the combined Parks, Experiences and Consumer Products; Media Networks; and Studio Entertainment. The reorganization is effective immediately.

Kevin Mayer was named chairman of the new Direct-to-Consumer and International business segment. Mayer has served as Disney’s chief strategy officer since 2015. Bob Chapek, formally chairman of Walt Disney Parks and Resorts, will now serve as chairman of the new Parks, Experiences and Consumer Products, with additional responsibilities for all of Disney’s consumer products operations globally, including licensing and Disney stores. Read the rest of this entry »

Jakks Pacific to Showcase Disney’s Fancy Nancy at Toy Fair

Jakks_FancyNancyJakks Pacific Inc. will display a host of new products for Disney Junior’s Fancy Nancy at the North American International Toy Fair this weekend.

Disney Junior‘s Fancy Nancy follows the adventures of a girl who brings the fancy to all aspects of her life, including her advanced vocabulary, her elaborate attire, and more. The stories are geared towards kids ages 2 to 5 and have an underlying theme of self-expression, originality, and love of family. Read the rest of this entry »

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