The Rebooted "Keep Hope Alive" (that the rights can revert back to Marvel) Thread - - - - - - - - - - Part 19

[Willie Lumpkin]

I'm surprised they went that high. I would have expected them to simply match to keep things from going too high too fast.

They must hope this will knock Comcast out.

Things are getting interesting, but I have a feeling Comcast isn't done yet.

 

[ImSGirl95]

Can Vomcast make a new and bigger offer?
I kinda don't want them bwcause I don't see Iger going insanely high

 

[Chip Chipperson]

Just how much higher can Comcast go? I’m sure they’ll counter but yeah, this definitely feels like Disney saying “hopefully this one does it.”

 

[WeaponXCII]

Wow- I'm surprised they had their board meeting this early in the day (well, it's early where I am), but not at all surprised that Disney raised their bid. So now Comcast has five days to counter the bid?

 

[Willie Lumpkin]

Can Vomcast make a new and bigger offer?
I kinda don't want them bwcause I don't see Iger going insanely high

Yes, but at this point it will have to be at least $75 billion. I'm not sure if they'll be willing to go that high (I'm pretty sure investors don't want them to), but we'll see.

 

[Willie Lumpkin]

Wow- I'm surprised they had their board meeting this early in the day (well, it's early where I am), but not at all surprised that Disney raised their bid. So now Comcast has five days to counter the bid?

I don't think they've had the meeting yet. I think Disney is hoping this move could make the board keep the vote date and continue with them.

... and while they obviously will go with Disney if Comcast doesn't bid again, I think the board will have dollar signs in their eyes at this point and openly encourage a new Comcast bid.

 

[Spider-Fan]

Honestly, I have no idea what situation with the Netflix rights is. I agree that Disney will not have given Netflix the rights to those characters in perpetuity, but is Disney able to pull the plug on the Netflix shows whenever they want? If it is possible, then Disney will surely want to just move future seasons of the Marvel Netflix properties over to their own streaming service, but it may be that Marvel has the rights to the characters, while Netflix has the rights to those specific incarnations. If it is possible to avoid a reboot though, Disney will avoid it.

The easiest way to think of how the Netflix deal works is to compare it to the Hulk situation. Though even there, it is not exactly the same but they share similarities. Marvel TV makes the Netflix shows. Netflix is a distributor in this case. Just like how with a Hulk movie, Universal gets the choice to distribute the movie. If Netflix declined the shows, Marvel could look elsewhere for distribution (usually how it works...see how they shopped Agent Carter to Netflix when it was cancelled, though they declined picking it up). But the big thing is Netflix doesn't make Daredevil, JJ, Luke Cage, Iron Fist, etc. Marvel makes them.

Now, why is Marvel more ok giving Netflix these shows and not allowing Universal to make a Hulk film? The Netflix characters are more mature related programming. Less friendly to Disney's or Marvel's overall brand. Hulk can sell toys like Cap or Iron Man. So Marvel is okay allowing the edgier programming on Netflix as it gets them acclaim and protects their brand.

 

[Spider-Fan]

I hope Disney's bid KOs Comcast...but I doubt it.

 

[Willie Lumpkin]

I hope Disney's bid KOs Comcast...but I doubt it.

I think Comcast has at least one more bid in them, but it may not be a knock-out bid. If they go to 73 or 74 billion, I think Disney's will still be more attractive.

But I also think this is a perfect time for Comcast to discuss getting Fox's Sky shares from Disney. If Disney knows they can close this for the price of losing Sky, I think they'd take that opportunity at this moment.

 

[Xeno]

https://www.hollywoodreporter.com/news/disney-boosts-fox-bid-713-billion-cash-stock-1120841

Will you all just calm down now, Disney raised their bid to 71 billion in cash, also including stock

Great counter by Iger, which puts Disney right back in the game. But Roberts is bats*** crazy and he has no board or shareholders to keep him from sinking Comcast under mountains of debt. He's likely to pull some even crazier number out of his ass in a few days and slap that in front of the ravenous Murdochs.

 

[Willie Lumpkin]

Comcast's stock is up in pre-market trading, so I think that means the investors buying this morning think they're done... they can't be buying with the expectation that Comcast will bid even higher.

 

[ADollarADay]

I expect Comcast to top this (and soon unless 21CF adjourns or postpones the shareholders voting). They will probably go to 85B+.

Whoever buys 21CF will end up overpaying at this point.

 

[ADollarADay]

The easiest way to think of how the Netflix deal works is to compare it to the Hulk situation. Though even there, it is not exactly the same but they share similarities. Marvel TV makes the Netflix shows. Netflix is a distributor in this case. Just like how with a Hulk movie, Universal gets the choice to distribute the movie. If Netflix declined the shows, Marvel could look elsewhere for distribution (usually how it works...see how they shopped Agent Carter to Netflix when it was cancelled, though they declined picking it up). But the big thing is Netflix doesn't make Daredevil, JJ, Luke Cage, Iron Fist, etc. Marvel makes them.

Now, why is Marvel more ok giving Netflix these shows and not allowing Universal to make a Hulk film? The Netflix characters are more mature related programming. Less friendly to Disney's or Marvel's overall brand. Hulk can sell toys like Cap or Iron Man. So Marvel is okay allowing the edgier programming on Netflix as it gets them acclaim and protects their brand.

BV also distributes the Marvel shows (look in the DVD/Blu Ray cases for evidence). They also most likely distribute them on VOD (i.e. google play/itunes). Last time I read on this Netflix has a long period of exclusivity on these shows for streaming platforms and then a non exclusive period. It's similar to the 2016-2018 Disney movies. I just don't know if they end when the last one ends (i.e. a bundle package or if they start expiring after x amount of years (so Daredevil would expire first for example)).

 

[Xeno]

WSJ says that Fox has agreed to Disney's offer. This seems to indicate that the deal is done and bidding is over. That conflicts with other reports, however.

21st Century Fox Agrees to Higher Offer From Disney

Disney to pay more and add a cash component; Fox calls pact superior to Comcast’s bid

21st Century Fox FOX -0.18% agreed to a sweetened merger agreement with Walt Disney Co. DIS -0.90% that adds a cash component and eclipses a rival offer from Comcast Corp. CMCSA 0.71%

Under the new deal, Disney agreed to acquire Fox’s entertainment assets for more than $70 billion, compared with the original deal price of $52.4 billion in stock and Comcast’s roughly $65 billion all-cash bid.

Fox shareholders could choose to take the new Disney offer in cash or stock, subject to a 50% stock, 50% cash proration.

Fox, in a statement, said the new Disney deal “is superior to the proposal” made by the Comcast earlier this month.

In premarket trading, shares of Fox rose 7% to $47.85, Disney shares increased 1% to $107.20, and Comcast shares rose 1.3% to $33.23.

 

[Spider-Fan]

BV also distributes the Marvel shows (look in the DVD/Blu Ray cases for evidence). They also most likely distribute them on VOD (i.e. google play/itunes). Last time I read on this Netflix has a long period of exclusivity on these shows for streaming platforms and then a non exclusive period. It's similar to the 2016-2018 Disney movies. I just don't know if they end when the last one ends (i.e. a bundle package or if they start expiring after x amount of years (so Daredevil would expire first for example)).

That is why I said it wasn't a perfect comparison, LOL! But it was closest thing I could think of to illustrate how it works. But either way, the Netflix shows are not going to be rebooted or moved anytime soon. Even after the date Disney takes their content off Netflix, those will keep going to Netflix. Loeb himself said they will keep making them as long as Netflix wants them.

 

[Orba]

Certainly a bold move, most were expecting Disney to match Comcast's bid rather than raise.

 

[Chip Chipperson]

A surprise, to be sure.

but a welcome one.

 

[Flint Marko]

Make my FF/X-men dreams come true, Disney.

 

[Dark Raven]

I wish Fox would say that it's not just a matter of raising the bid but other factors involved as well. That would mean that even if Comcast went even higher it wouldn't matter because that's not the only thing to consider. Maybe Disney has some things that Comcast just doesn't.

Because that would be the only thing really from stopping Roberts from outbidding Disney indefinitely in the hope that at some point Fox would have their price.

 

[Chip Chipperson]

Yes

I need my x-men to get some shine as a team, and for my guy Cyclops to take his rightful place at the top

 

[Flint Marko]

Maybe Disney has some things that Comcast just doesn't.

I feel like Disney stock is, long-term, just a better option in general.

 

[Willie Lumpkin]

WSJ says that Fox has agreed to Disney's offer. This seems to indicate that the deal is done and bidding is over. That conflicts with other reports, however.

21st Century Fox Agrees to Higher Offer From Disney

Disney to pay more and add a cash component; Fox calls pact superior to Comcast’s bid

Interesting. It certainly seems to be worded in a way that doesn't encourage additional bidding. That still won't stop Comcast, but it's interesting how strongly the board seems to be siding with Disney.

A surprise, to be sure.

but a welcome one.

This is one of those things I hear his voice when I read it.

 

[Boom]

 

[Flint Marko]

Give me an MCU Doom, or give me death.

 

[Willie Lumpkin]

I'm trying to find the actual release, but I assume at this point the Board's attitude is "Let's finish and close this", and they may argue that a timely closing is more important than squeezing every potential dollar out of it.