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Walt Disney Co (DIS.N)

DIS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Marvel And Netease Collaborate To Launch New Projects
Monday, 20 May 2019 

May 20 (Reuters) - NetEase Inc ::MARVEL AND NETEASE COLLABORATE TO LAUNCH NEW PROJECTS.NETEASE - JOINT PRODUCTS INCLUDING GAMES, TELEVISION SERIES, COMIC BOOKS FEATURING MARVEL CHARACTERS TO BE DEVELOPED FOR USERS IN CHINA & BEYOND.  Full Article

ESPN And Caesars Entertainment Announce Innovative Collaboration For Sports Betting Content
Tuesday, 14 May 2019 

May 14 (Reuters) - Caesars Entertainment Corp ::ESPN AND CAESARS ENTERTAINMENT ANNOUNCE INNOVATIVE COLLABORATION FOR SPORTS BETTING CONTENT.CAESARS ENTERTAINMENT CORP - DEAL INCLUDES BUILDING A NEW ESPN-BRANDED STUDIO AT LINQ HOTEL & CASINO IN LAS VEGAS.CAESARS ENTERTAINMENT - CAESARS' DATA AND BRANDING WILL ALSO BE INTEGRATED ACROSS ESPN PROGRAMMING WITHIN COMING WEEKS FOR USE ACROSS ESPN'S CONTENT.CAESARS ENTERTAINMENT CORP - NEW ESPN-BRANDED STUDIO AT LINQ HOTEL & CASINO IN LAS VEGAS WILL LAUNCH IN 2020.CAESARS ENTERTAINMENT - CO WILL ALSO SERVE AS ESPN'S OFFICIAL ODDS DATA SUPPLIER ACROSS TV AND DIGITAL, RECEIVING ASSOCIATED ATTRIBUTION ACROSS ESPN.  Full Article

Walt Disney Says Entered Into Agreement To Provide Certain Transition Services To Regional Sports Networks After Consummation Of Sinclair Deal
Friday, 3 May 2019 

May 3 (Reuters) - Walt Disney Co ::WALT DISNEY - ENTERED INTO AGREEMENT TO PROVIDE CERTAIN TRANSITION SERVICES TO REGIONAL SPORTS NETWORKS AFTER CONSUMMATION OF SINCLAIR DEAL.WALT DISNEY CO - ENTERED INTO AGREEMENTS FOR LICENSING OF INTELLECTUAL PROPERTY USED IN OPERATION OF REGIONAL SPORTS NETWORKS.WALT DISNEY CO - SINCLAIR PROVIDED DISNEY WITH A GUARANTEE OF BUYER'S OBLIGATIONS UNDER PURCHASE AGREEMENT..  Full Article

Sinclair To Acquire 21 Regional Sports Networks From Disney
Friday, 3 May 2019 

May 3 (Reuters) - Sinclair Broadcast Group Inc ::SINCLAIR BROADCAST GROUP TO ACQUIRE 21 REGIONAL SPORTS NETWORKS FROM DISNEY AT A VALUATION OF $10.6 BILLION.SINCLAIR BROADCAST GROUP TO ACQUIRE 21 REGIONAL SPORTS NETWORKS FROM DISNEY AT A VALUATION OF $10.6 BILLION.SINCLAIR BROADCAST GROUP INC - BYRON ALLEN TO BECOME EQUITY AND CONTENT PARTNER IN RSN HOLDING COMPANY.SINCLAIR BROADCAST GROUP INC - DEAL FOR $10.6 BILLION, REFLECTING A PURCHASE PRICE OF $9.6 BILLION.SINCLAIR BROADCAST GROUP INC - SINCLAIR EXPECTS TO CAPITALIZE DIAMOND WITH $1.4 BILLION IN CASH EQUITY.SINCLAIR BROADCAST - TRANSACTION IS EXPECTED TO BE HIGHLY ACCRETIVE TO FREE CASH FLOW.SINCLAIR BROADCAST GROUP - REMAINDER OF PURCHASE PRICE IS BEING FUNDED BY $8.2 BILLION OF FULLY COMMITTED SECURED AND UNSECURED DEBT INCURRED BY DIAMOND.SINCLAIR BROADCAST GROUP INC - TRANSACTION BRINGS CONSOLIDATED NET LEVERAGE TO 4.7X & 5.1X THROUGH PREFERRED FINANCING.SINCLAIR BROADCAST GROUP INC - TRANSACTION WILL BE TREATED AS AN ASSET SALE FOR TAX PURPOSES, WITH SINCLAIR RECEIVING A FULL STEP-UP IN BASIS..SINCLAIR BROADCAST - PURCHASE PRICE WILL BE FUNDED WITH $1.0 BILLION OF FULLY COMMITTED PRIVATELY-PLACED PREFERRED EQUITY OF NEWLY-FORMED UNIT OF CO.SINCLAIR BROADCAST GROUP INC - DEAL FOR RSN PORTFOLIO, WHICH EXCLUDES YES NETWORK.SINCLAIR BROADCAST GROUP INC - COMPLETION OF TRANSACTION IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS, INCLUDING APPROVAL OF U.S. DEPARTMENT OF JUSTICE.  Full Article

Ice Cube Says Added Magic Johnson To Bidding Group For Disney's Regional Sports Networks - Tweet
Wednesday, 17 Apr 2019 

April 18 (Reuters) - :ICE CUBE SAYS ADDED MAGIC JOHNSON TO BIDDING GROUP FOR DISNEY’S REGIONAL SPORTS NETWORKS - TWEET.  Full Article

Hulu Buys At&T's Minority Stake In Joint Venture
Monday, 15 Apr 2019 

April 15 (Reuters) - AT&T Inc ::HULU BUYS AT&T’S MINORITY STAKE IN JOINT VENTURE.AT&T INC - TRANSACTION VALUED HULU AT $15 BILLION,.AT&T INC - TRANSACTION VALUED HULU AT $15 BILLION, WITH AT&T'S 9.5% INTEREST VALUED AT $1.43 BILLION.AT&T INC - TRANSACTION VALUED HULU AT $15 BILLION.AT&T INC - TRANSACTION DID NOT REQUIRE ANY GOVERNMENTAL OR OTHER THIRD-PARTY APPROVALS AND WAS SIMULTANEOUSLY SIGNED AND CLOSED.AT&T INC - WILL USE PROCEEDS FROM THIS TRANSACTION, ALONG WITH ADDITIONAL PLANNED SALES OF NON-CORE ASSETS, TO REDUCE ITS DEBT.AT&T INC - SOLD ITS MINORITY STAKE IN HULU BACK TO STREAMING VIDEO JOINT VENTURE.  Full Article

Fitch Says U.S. Media Shakeout May Emerge With Race For Streaming Content
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Fitch::FITCH SAYS U.S. MEDIA SHAKEOUT MAY EMERGE WITH RACE FOR STREAMING CONTENT.FITCH SAYS CONTENT SPENDING SET TO ACCELERATE IN U.S. MEDIA AS COMPETITION IN DTC STREAMING INTENSIFIES & COS VIE FOR "MUST HAVE" PROGRAMMING.FITCH, ON U.S. MEDIA, SAYS MARKET SATURATION IS A RISK DUE TO INCREASING NUMBER OF SUBSCRIPTION VIDEO ON DEMAND (SVOD) OFFERINGS.FITCH SAYS AT SOME POINT, U.S. MEDIA COS WILL RATIONALIZE CONTENT SPENDING, MORE EFFICIENTLY DEPLOY CAPITAL BEHIND MOST RELEVANT INTELLECTUAL PROPERTY.FITCH, ON U.S. MEDIA, SAYS IT VIEWS GENERAL-ENTERTAINMENT CABLE NETWORKS SUCH AS LIFETIME & TNT AS MOST VULNERABLE AS BRAND SEEMS TO HAVE "WEAKENED".FITCH, ON U.S. MEDIA, SAYS IT VIEWS DISNEY AS EVEN BETTER POSITIONED TO MONETIZE ITS CONTENT AFTER ACQUIRING FOX.  Full Article

21st Century Fox And Disney Announce Distribution Adjustment Multiple In Connection With Acquisition
Monday, 18 Mar 2019 

March 18 (Reuters) - Twenty-First Century Fox Inc ::21ST CENTURY FOX AND DISNEY ANNOUNCE DISTRIBUTION ADJUSTMENT MULTIPLE IN CONNECTION WITH ACQUISITION AND EFFECT ON OUTSTANDING SHARES.TWENTY-FIRST CENTURY FOX - DISTRIBUTION ADJUSTMENT MULTIPLE IN CONNECTION WITH ACQUISITION OF CO BY DISNEY HAS BEEN CALCULATED TO BE ABOUT 1.357190.  Full Article

Disney And 21St Century Fox Announce Preliminary Election Results In Connection With Acquisition
Friday, 15 Mar 2019 

March 15 (Reuters) - Twenty-First Century Fox Inc ::DISNEY AND 21ST CENTURY FOX ANNOUNCE PRELIMINARY ELECTION RESULTS IN CONNECTION WITH ACQUISITION.DISNEY AND 21ST CENTURY FOX ANNOUNCE PRELIMINARY ELECTION RESULTS IN CONNECTION WITH ACQUISITION.TWENTY-FIRST CENTURY FOX INC - HOLDERS OF 959.9 MILLION SHARES OF 21CF COMMON STOCK, OR ABOUT 51.57% OF OUTSTANDING SHARES, ELECTED TO RECEIVE CASH.TWENTY-FIRST CENTURY FOX INC - HOLDERS OF ABOUT 36.65% OF OUTSTANDING SHARES ELECTED TO RECEIVE SHARES OF COMMON STOCK OF NEW DISNEY.TWENTY-FIRST CENTURY FOX INC - HOLDERS OF APPROXIMATELY 11.79% OF OUTSTANDING SHARES DID NOT MAKE AN ELECTION.  Full Article

The Walt Disney Co Announces Extension Of Exchange Offers & Consent Solicitations For 21St Century Fox America Notes
Friday, 8 Mar 2019 

March 8 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY ANNOUNCES EXTENSION OF EXCHANGE OFFERS AND CONSENT SOLICITATIONS FOR 21ST CENTURY FOX AMERICA, INC. NOTES.THE WALT DISNEY COMPANY ANNOUNCES EXTENSION OF EXCHANGE OFFERS AND CONSENT SOLICITATIONS FOR 21ST CENTURY FOX AMERICA, INC. NOTES.WALT DISNEY CO - EXTENDS EXPIRATION DATE FROM 5:00 P.M., NEW YORK CITY TIME, ON MARCH 14, 2019, TO 5:00 P.M., NEW YORK CITY TIME, ON MARCH 15, 2019.  Full Article

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