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Thread: Disney vs Paramount?

  1. #1
    Senior Member Gabriel's Avatar
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    Default Disney vs Paramount?

    From IESB:
    Exclusive: Paramount Versus The House of Mouse

    Quote Originally Posted by Jamie Williams
    So what's the big news? Apparently, there is nothing short of a tug of war going on between Disney and Paramount over the properties Par had already lined up and contractually committed to distribute with Marvel. Sadly, it appears that the Mouse may have found a loophole.

    How certain are we of this? Certain Disney publicists have already been telling members of the press that Iron Man 3 will definitely be distributed and branded with the Walt Disney logo. Ask the lawyers for details.

  2. #2
    Senior Member Trailbreaker's Avatar
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    Default Re: Disney vs Paramount?

    Or with this:


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    Senior Member razgriz21's Avatar
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    Default Re: Disney vs Paramount?

    ^^^I would rather have that.

    Having the Walt Disney logo before Iron Man 3 would be stupid.

  4. #4
    Senior Member Gabriel's Avatar
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    Default Re: Disney vs Paramount?

    From Deadline:
    Paramount To End Relationship With Marvel In 2012: Disney Will Distribute 'Iron Man 3' and 'The Avengers'
    Quote Originally Posted by NIKKI FINKE AND MIKE FLEMING
    The Walt Disney Studios deal to buy Paramount Pictures out of the final two films of its six-picture distribution deal with Marvel Studios amounts to the Mouse paying a premium to get cracking on its $4 billion investment in Marvel. When you break down the numbers, it's a pretty good deal for both studios. Paramount had been earning an 8% distribution fee on the Marvel titles like Iron Man. Paramount also put up P&A and got reimbursed over time. The $115 million will be paid in two installments--half when The Avengers is released May 4, 2012, and the other half when Iron Man 3 is released May 3, 2013. If those movies perform more strongly than expected, Paramount will earn more than $115 million advance. I'm told that Paramount is actually getting 9% on that third Iron Man movie, a reward for launching one of Hollywood's most valuable franchises. So essentially, Paramount is getting paid without having to put up the P&A or exert the manpower that goes into releasing summer blockbusters.

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    Senior Member HarryCanyon's Avatar
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    Default Re: Disney vs Paramount?

    Yes Touchstone and Hollywood Pictures should distribute since Universal has also done Hulk 1 & 2.

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    Senior Member Gabriel's Avatar
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    Default Re: Disney vs Paramount?

    Round 2!

    J.J. Abrams Comments on Turning Down Director’s Chair for STAR WARS: EPISODE VII
    “I guess the franchises could go up against each other, but I’m not thinking that far ahead! I’m a huge fan of Star Wars, Empire and Jedi, and the idea of the world continuing is exciting and will be amazing. Kathy Kennedy is a friend and there are no smarter producers. It’s in great hands…
    there were the very early conversations and I quickly said that because of my loyalty to Star Trek, and also just being a fan, I wouldn’t even want to be involved in the next version of those things. I declined any involvement very early on. I’d rather be in the audience not knowing what was coming, rather than being involved in the minutiae of making them.”
    J.J. Abrams Says Paramount Wouldn’t Make STAR TREK INTO DARKNESS Unless It Was in 3D




    THR:
    It's Official: JJ Abrams Closes Deal to Direct 'Star Wars: Episode VII'
    The "Star Trek" filmmaker will work with writer Michael Arndt to develop the script.
    Quote Originally Posted by Kim Masters
    Episode VII is set for release in 2015, but sources say Abrams has not committed to that release date, meaning the date could be changed if the development process requires it.
    Hero Complex:
    J.J. Abrams directing ‘Star Wars’: What happens to ‘Star Trek’?

  8. #8
    Senior Member Gabriel's Avatar
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    The Force Is With J.J. Abrams - Director To Helm First Disney 'Star Wars' Film
    Quote Originally Posted by Mark Hughes
    So, the first question is, will Disney pick a different director for each of the three new films? Or will they expect one filmmaker to exert their vision over the entire trilogy? I had originally stated my feeling that the studio should get a filmmaker like Jackson or Spielberg to oversee the entire trilogy, but after some discussions and debate with other folks (including some Forbes readers who posted comments to me), I became increasingly interested in the prospect of switching directors with each new film.

    It’s hard to imagine Abrams would make such a significant leap over to Disney for a single movie, since it will mean pushing back other film projects he had in the pipeline and likely anger Paramount. Does that hint that Abrams will be in not only a directing but also a producing role for the Star Wars franchise, for several films? Perhaps. Or maybe Abrams’ previous denial was due to assumptions that Paramount wouldn’t be happy if he took on Star Wars, but then he found out the studio was willing to negotiate (in part since it obviously isn’t going to hurt Star Trek for Abrams to develop an even larger following and perhaps bring some Star Wars fans over into Star Trek fandom as well) and thus made it simple for him to reverse course and give Disney a thumbs-up.

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    Senior Member Gabriel's Avatar
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    Default Re: MARVEL vs FOX

    Bleeding Cool:
    Artists Given Specific Instructions Not To Use Fantastic Four Characters (UPDATE)


    CBR:
    "Fantastic Four" May Live On-Screen, Disappear From Comics


    CBM:
    Rob Liefeld Reveals New Details Concerning MARVEL's Shut-Out of FOX
    With rumors of Fantastic Four comics being cancelled to hurt the upcoming Fantastic Four reboot, Marvel seems to be doing something similar with X-Men in an effort to hurt FOX's revenue from the films.


    Bleeding Cool:
    Late Night Fantastic Four Play

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  11. #11
    Senior Member Gabriel's Avatar
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    Default Re: Disney vs Universal?

    Mark Ruffalo Reveals Universal Owns the Rights to Solo HULK Movies
    Quote Originally Posted by MATT GOLDBERG
    More importantly, what does that mean for seeing Hulk carry his own feature?


    RUFFALO:
    As far as a Hulk movie, a standalone Hulk movie, Marvel doesn’t really have the rights to that yet. That’s still Universal’s property, so there’s that issue. That’s a big impediment to moving forward with that. Now I don’t think that’s insurmountable, by the way, but I don’t know where it’s going from here for me.

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    Senior Member Gabriel's Avatar
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    Default Re: Paramount Pictures

    THR:
    'Monster Trucks' Leads Viacom to Take $115M Write-Down
    The company is taking the write-down months before the big-budget film opens in cinemas.
    Quote Originally Posted by Pamela McClintock & Kim Masters
    With an estimated production budget of $100 million-plus, one source said the film was intended to be a broad-audience title, but turned out to be more of a kids movie.


    Given Paramount's slew of box-office misses this year, Jefferies analyst John Janedis wrote in a Wednesday report that the studio's "issues" were "ongoing." He added: "Viacom indicated there would be a write-down of $115 million related to a future film that will not likely perform to expectations."


    And Drexel Hamilton analyst Tony Wible said that the loss "implies that Paramount will have lost about $500 million this year despite a favorable box office, home entertainment and licensing environment."


    He added: "The studio is gradually losing its major franchises, and it may be difficult to launch new ones in the increasingly competitive film slate. We are lowering our future margin assumptions for the studio."

    Variety:
    Rob Moore Out at Paramount Pictures (EXCLUSIVE)
    Quote Originally Posted by Ramin Setoodeh & Brent Lang
    Moore, who didn’t respond to requests for comment, has been in his current job since 2008 (and with the studio since 2005), overseeing Paramount’s worldwide marketing, distribution, digital and television arms, and shepherded tentpoles like the “Transformers” and “Mission: Impossible” franchises, “Interstellar” and “The Wolf of Wall Street.” The studio does not expect to fill Moore’s position.


    A source close to the situation said that the decision to ask for Moore’s resignation was made by the board of Viacom, Paramount’s corporate parent.


    Moore’s exit comes as the studio is having a particularly turbulent year at the box office, with costly flops such as “Ben-Hur,” “Teenage Mutant Ninja Turtles: Out of the Shadows” and “Zoolander 2″ piling up. This week, Viacom said in public filings that Paramount would take a $115 million write-off on the still unreleased “Monster Trucks,” which bows in 2017.


    Following the exit of Dauman, Viacom’s leadership gave a vote of confidence to current Paramount chairman Brad Grey. Moore was the executive in charge of the day-to-day operations at the studio. He was also integral in maneuvering Paramount’s releases in China, frequently traveling to Asia.

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    Senior Member Gabriel's Avatar
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    Default Re: Paramount Pictures

    Paramount Delays Rings & Friday the 13th Reboot
    Paramount Pictures puts the brakes on two long in-development horror sequels, with both Rings and Friday the 13th delayed by several months.

  14. #14
    Senior Member Gabriel's Avatar
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    Default Re: Disney Buys Fox!

    THR 12/14/201:
    Disney to Buy 21st Century Fox Assets, Including Film Studio; Bob Iger Extends Through 2021
    Quote Originally Posted by Georg Szalai & Paul Bond
    Now it's official. The Walt Disney Co. has agreed to acquire big parts of 21st Century Fox in a deal worth $52.4 billion, or approximately $66.1 billion when including debt, valuing shares of Fox at around $40 apiece while they had traded Wednesday at $32.75.


    In another key news update, Disney said that longtime boss Bob Iger has extended his contract as chairman and CEO through the end of 2021.


    The acquisition is expected to yield "at least" $2 billion in cost savings "from efficiencies realized through the combination of businesses, and to be accretive to earnings before the impact of purchase accounting for the second fiscal year after the close of the transaction," Disney said.


    The companies are preparing for an extended regulatory review and closing process that is seen taking 12-18 months. "The boards of directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions," they said.


    Fox's stock had traded at $25 a month ago, before it was reported the two conglomerates were close to a transaction.


    The deal, which has been in the works for weeks and was confirmed early Thursday, will see Disney buying Fox's film and TV studio, the National Geographic and FX cable channels business, regional sports networks, international networks, including Star India, Fox's 30 percent stake in Hulu and its 39 percent stake in European pay TV giant Sky.


    Immediately prior to the acquisition, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders.


    The 53-acre Fox studio lot on Pico Boulevard near Los Angeles will stay with that company that will remain under the control of Rupert Murdoch, though it remains to be seen what the plans are for the $425 million piece of property.


    Comcast, which had also looked at a possible bid, had on Tuesday said it was "no longer engaged in the review of those assets" and never submitted a definitive offer.


    Disney chairman and CEO Robert Iger, 66, has been set to exit his post in 2019, but amid the deal, he has agreed to extend his contract through the end of 2021.


    The deal will make Rupert Murdoch, co-executive chairman of Fox, and sons James (CEO) and Lachlan (co-executive chairman), key shareholders of Disney stock. Fox shareholders are expected to end up with about a 25 percent stake in Disney, with the Murdoch family trust owning around 5 percent, according to Bloomberg estimates.


    Disney in announcing the deal focused on how "popular entertainment properties" will join the "Disney family," saying: "Combining with Disney are 21st Century Fox’s critically acclaimed film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, which together offer diverse and compelling storytelling businesses and are the homes of Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian—and its storied television creative units, Twentieth Century Fox Television, FX Productions and Fox21, which have brought The Americans, This Is Us, Modern Family, The Simpsons and so many more hit TV series to viewers across the globe."


    The Murdochs will be in control of what’s left of Fox. It is understood though that James Murdoch could get offered a senior Disney executive role that he would take on once the transaction closes, but the companies didn't immediately announce anything about his future on Thursday.


    "The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before," said Iger. "We’re honored and grateful that Rupert Murdoch has entrusted us with the future of businesses he spent a lifetime building, and we’re excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings. The deal will also substantially expand our international reach, allowing us to offer world-class storytelling and innovative distribution platforms to more consumers in key markets around the world.”


    “We are extremely proud of all that we have built at 21st Century Fox, and I firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace in what is an exciting and dynamic industry,” said Rupert Murdoch, executive chairman of Fox. “Furthermore, I’m convinced that this combination, under Bob Iger’s leadership, will be one of the greatest companies in the world. I’m grateful and encouraged that Bob has agreed to stay on, and is committed to succeeding with a combined team that is second to none.”


    The deal talks between the sector giants surprised long-time Murdoch watchers as they had always seen the family as buyers rather than sellers. One analyst said the sale was a sign that the Murdochs see the challenges that the entertainment industry has been dealing with, particularly cord cutting and competition from streaming video services, as increasingly difficult to address.


    For Iger, who previously acquired Pixar, Lucasfilm and Marvel, this is the biggest deal ever, and it is designed to widen Disney's lead as the biggest content company. In the deal, it acquires Fox’s rights to some Marvel movies and Avatar sequels as it gears up to launch a streaming video service meant to compete with Netflix and Amazon.


    On Wednesday, analyst Richard Greenfield of BTIG opined that Disney and Fox would face "stiff" regulatory hurdles to get their deal approved and guessed it would take a year or more.


    Under the terms of the agreement, shareholders of Fox will receive 0.2745 Disney shares for each Fox share they hold, subject to adjustment for certain tax liabilities. The exchange ratio was set based on a 30-day volume weighted average price of Disney stock. Disney will also assume approximately $13.7 billion of net debt of Fox.

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