The Walt Disney Company (DIS) - NYSE
  • Mar. 24, 2014, 5:48 PM
    • As rumored, Disney (DIS) is acquiring top YouTube content provider Maker Studios. The media giant is paying $500M up-front + up to $450M in performance earn-outs.
    • Maker receives 5.5B monthly video views via 380M YouTube channel subscribers. Disney asserts the startup also provides it with "advanced technology and business intelligence capability regarding consumers discovery and interaction with short-form online videos."
    • Maker segments its videos into one of four "networks": Men, Women, Family, and Entertainment. Its material ranges from fashion shows to music performances to children's cartoons.
    | Mar. 24, 2014, 5:48 PM | 5 Comments
  • Feb. 13, 2014, 12:48 PM
    • The media industry is busy evaluating the impact of a Comcast-Time Warner Cable merger even if the DOJ clips the size of the deal a bit.
    • A key word for content providers today is leverage. A larger Comcast (CMCSA), (broadband and Pay-TV) would give it additional clout in negotiating retransmission contracts with networks (CBS, FOXA, AMCX, DISCA, SNI) and studios (DIS, TWX, LGF, SNE, DWA, VIAB) for home video sales.
    • The relationship between streaming firms and Comcast could get more complicated. Though studios rake in money from Netflix, if Comcast ever decides to charge its massive base of broadband subscribers on a usage basis - both Netflix (NFLX) and Hulu are in harm's way.
    • Companies with future ambitions in the online TV area (think Sony) might see additional pressures from a larger Comcast. In theory, the media giant could launch a similar national service.
    • Related ETFs: PBS
    | Feb. 13, 2014, 12:48 PM | 5 Comments
  • Dec. 6, 2013, 5:43 PM
    • Disney (DIS) has acquired the marketing/distribution rights for future Indiana Jones films from Paramount.  The media giant already had ownership rights to the films through the Lucasfilm acquisition.
    • Paramount will maintain distribution rights for the first four Indiana Jones films, and will financially benefit from the release of future films.
    | Dec. 6, 2013, 5:43 PM | 1 Comment
  • Jul. 24, 2013, 4:59 PM

    Hulu's owners (DIS, CMCSA, FOXA) have called off talks to sell a 25% stake to Time Warner Cable (TWC) after failing to agree on price, Reuters reports. The news service adds talks could resume, but none are currently planned. The report comes less than 2 weeks after Hulu's owners announced they aren't selling the company, and will provide it with a $750M cash infusion to buy more content (much of it coming from the owners themselves).

    | Jul. 24, 2013, 4:59 PM
  • Jul. 15, 2013, 2:06 AM
    Time Warner Cable (TWC) was still in talks to acquire a holding in Hulu even after an auction for the video-streaming service was abandoned, Bloomberg reported over the weekend, and an agreement could be reached within two weeks. The speculation appears to contradict a statement on Friday from Hulu's owners - Fox (FOXA), Disney (DIS) and Comcast (CMCSA) - that they "will maintain their respective ownership positions" in the video-streaming service. In the auction, TWC had bid for a 25% stake.
    | Jul. 15, 2013, 2:06 AM
  • Jul. 12, 2013, 1:26 PM

    Hulu's old media owners (DIS, CMCSA, FOXA) have decided not to sell the company, or even a stake in it, and will instead provide a $750M cash infusion while maintaining their current equity positions. Reported demands for a slew of streaming/licensing restrictions likely helped scuttle buyout/investment talks with the likes of DirecTV (DTV), Time Warner Cable (TWC), and AT&T/Chermin (T), much as they helped scuttle 2011 talks. Netflix (NFLX +4.4%) is probably pleased. (previous)

    | Jul. 12, 2013, 1:26 PM | 18 Comments
  • Jul. 9, 2013, 3:31 AM

    Hulu has reportedly received acquisition offers from DirecTV (DTV) and a consortium comprising Guggenheim Digital Media and private-equity firm KKR (KKR), as well as from a group made up of AT&T (T) and Chernin. Time Warner Cable (TWC) offered to acquire a stake and become an investor alongside Hulu's owners, 21st Century Fox (FOXA), Disney (DIS) and Comcast (CMCSA). There's no word on bid amounts, although DirecTV has offered over $1B in the past.

    | Jul. 9, 2013, 3:31 AM
  • Jul. 7, 2013, 1:09 AM

    AT&T (T) and Chernin Group have reportedly submitted a joint offer to acquire Hulu from Disney (DIS), 21st Century Fox (FOX) and Comcast (CMCSA), although it's not clear if the previous suitors of the Internet video service made bids ahead of the deadline on Friday for binding proposals. Those suitors include DirecTV (DTV), Yahoo (YHOO), Time Warner Cable (TWC) and KKR (KKR). Chernin is led by Peter Chernin, who founded Hulu when he was a senior exec at News Corp. (Previous)

    | Jul. 7, 2013, 1:09 AM | 13 Comments
  • Jul. 5, 2013, 6:29 PM
    History repeats: Hulu's (DIS, CMCSA, NWS) old media owners are looking to place licensing restrictions in any deal with an acquirer, the WSJ reports. One source claims the owners want to place restrictions on 1 of their top 5 shows for a given season, and another in the 6-10 range. They also want a 30-day delay before shows are made available on Hulu's free service to cord-cutters, and to cap the length of content licensing deals for Hulu Plus to 2 years and free Hulu to 5 years. Naturally, the restrictions are said to be "a major factor" in how bidders such as DirecTV (DTV) have evaluated Hulu. Hulu's 2011 buyout talks collapsed in part due to squabbles over content deals. (earlier)
    | Jul. 5, 2013, 6:29 PM | 1 Comment
  • Jun. 13, 2013, 12:02 PM
    A deal which will see DirecTV (DTV +0.1%) purchase Hulu (CMCSA, DIS, NWS) by the end of the month is imminent, sources tell PandoDaily. The acquisition would fill a large void in DirecTV's offerings which would be difficult to build from ground up and also allow it to play some defense against Hulu falling into a rival's hands.
    | Jun. 13, 2013, 12:02 PM | 3 Comments
  • Jun. 6, 2013, 11:13 AM

    AT&T (T) has reportedly joined the ranks of companies weighing bids for Hulu (DIS, CMCSA, NWS): sources tell Kara Swisher Ma Bell is in talks with a company run by former News Corp. COO Peter Chermin to make a joint offer for the online video site. But before investors start mulling the potential U-verse and mobile implications, it should be noted Yahoo, DirecTV, Time Warner Cable, and Guggenheim Partners have also been named as interested parties in recent weeks. (previous)

    | Jun. 6, 2013, 11:13 AM | 1 Comment
  • Jun. 2, 2013, 2:53 AM

    Satellite operator DirecTV (DTV) and two other unidentified suitors have reportedly bid over $1B each to acquire Hulu. The owners of the online video service, which are News Corp (NWS), Disney (DIS) and Comcast (CMCSA), have received seven offers for the company, and intend to cut the shortlist down over the next few weeks. Previous reports have said that other bidders include Yahoo (YHOO), KKR (KKR) and Time Warner Cable (TWC).

    | Jun. 2, 2013, 2:53 AM | 5 Comments
  • May 17, 2013, 4:11 PM
    DirecTV (DTV) has joined the ranks of companies weighing a bid for Hulu (DIS, NWS, CMCSA), with an eye towards expanding its arsenal of TV Everywhere content, the WSJ reports. The scoop shortly follows a report Time Warner Cable and other MSOs are talking about a possible bid.
    | May 17, 2013, 4:11 PM
  • May 7, 2013, 9:19 PM

    Marissa Mayer (YHOO) held a preliminary talk with Hulu (DIS, CMCSA, NWS) execs about a bid for the video site, "numerous sources" tell Kara Swisher. Amazon (AMZN), Guggenheim Partners, and ex-News Corp. COO Peter Chermin (previous) are also said to be weighing bids. Yahoo was one of the companies offering to buy Hulu back in 2011, and with the French government having thwarted its Dailymotion bid, Hulu and its 4M+ premium subs might not be a bad backup plan. But much likely depends on the content rights Hulu's risk-averse old media owners are willing to give.

    | May 7, 2013, 9:19 PM | 1 Comment
  • Oct. 31, 2012, 8:24 AM

    Chewbacca meets the Incredible Hulk: Disney's (DIS) deal to snap up the Star Wars franchise for a cool $4.05B has the entertainment industry buzzing and analysts chatty. Barclays says the company will monetize the property and roll it through the Disney ecosystem, while both JPMorgan and Wells Fargo call the purchase positive for future earnings. By all accounts, the relationship between 2%-Disney owner George Lucas and the House of Mouse will remain positive with Lucas adding creative input, but not calling the shots on scripts. DIS +2.5% premarket.

    | Oct. 31, 2012, 8:24 AM | 7 Comments
  • Oct. 30, 2012, 5:34 PM

    Mentioned during the Disney-Lucasfilm call: Disney (DIS) is (naturally) looking for ways to further profit from Star Wars merchandising and other non-film opportunities. There are some restrictions on what Disney can do in terms of "exploiting" Star Wars characters, but not as many as there were for the Marvel deal. Disney thinks 3D will allow the upcoming movies to gross more than the prequel. No value was assigned to Lucasfilm's Indiana Jones rights due to existing ties with Paramount. (live blog)

    | Oct. 30, 2012, 5:34 PM
Company Description
The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through five business segments: Media Networks, Parks & Resorts, Studio Entertainment, Consumer Products and Interactive Media. The Media Networks segment is comprised of a domestic... More
Sector: Services
Industry: Entertainment - Diversified
Country: United States