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  1. #1

    • Resident Ghost
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    Disney to buy Marvel

    Associated Press:

    LOS ANGELES — The Walt Disney Co. said Monday it is acquiring Marvel Entertainment Inc. for $4 billion in cash and stock, bringing characters like Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E.
    Under the deal, Disney will acquire ownership of 5,000 Marvel characters. Many of them, including favorites such as the Fantastic Four and the X-Men, were co-created by the comic book legend Stan Lee.
    Disney said Marvel shareholders will receive $30 per share in cash, plus 0.745 Disney shares for every Marvel share they own. That values each Marvel share at $50 based on Friday's closing stock prices.
    Marvel shares jumped $10.09, or 26 percent, to $48.74 in trading before the market opened. Disney shares fell 70 cents, or 2.6 percent, to $26.14.
    Disney said the boards of both companies have approved the transaction, but it will require an antitrust review and the approval of Marvel shareholders.
    Disney CEO Robert Iger said the acquisition combines Marvel's "strong global brand and world-renowned library of characters" with Disney's "unparalleled global portfolio of entertainment properties" and ability to maximize value across multiple platforms and territories.
    The Associated Press: Disney to buy comic book powerhouse Marvel for $4B

    What do you think about this? This seems a bit strange to me...

  2. #2

    • Lonestar Louisianian
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    Re: Disney to buy Marvel

    It makes me wonder it that was a smart move, during this economy, for Disney to make that purchase. It worries me on where (or what) they will cut back in order to make this captial outlay. While I can see a few good points in making this purchase, the timing and overall cohesiveness worries far outweigh the pros at this point.
    ______________________________________________
    "Screw with my pixie dust at your own peril!" - Mr. Wiggins

  3. #3

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    Re: Disney to buy Marvel

    I wonder what this does for Islands of Adventure. I assume they have an agreement in place for quite a few years. What does this do for Florida though? Does the rumored 5th theme park now become a superhero park? It will be interesting.

  4. #4

    • Your Average Joe
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    Re: Disney to buy Marvel

    Wow!

    I think its a good move. The movies (think Iron Man, Spider-Man) can make Disney a ton of money.

    Iron Man 2 is coming out soon. I also hear that there is a Thor and Captain America movie in the works.

  5. #5

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    Re: Disney to buy Marvel


  6. #6

    • Beach Expert
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    Re: Disney to buy Marvel

    I think this is a great idea.

    Disney has tried so hard to attract a male audience, and save for a few hits every now and then, has not done so well.

    This is a huge improvement and something I look forward to that should freshen up their image.

  7. #7

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    Re: Disney to buy Marvel

    Wall Street Journal is live-blogging the investor call. From the blog:

    10:33: Disney: Even with DVD sales slowing, movies with strong, brand name characters such as Marvel characters will hold up better than others. “It’s not bulletproof”

    10:35: Iger: ...What was attractive to us about this deal was that it was about acquiring writers who know these chraracters and storylines well.

    10:36: Question from UBS: What about video games and international opportunities through Marvel?

    10:39: Disney: We already work with Marvel on our animated channel Disney XD and we can expand that program and expand it internationally. It’s very popular with boys....

    10:43: Analyst Question: Will Pixar and Marvel collaborate?

    10:45: Disney: We won’t co-brand, but they will collaborate. When we put these two creative groups together. “Sparks will fly.”...

    10:51: JP Morgan: Any competing bids for Marvel?

    10:52: Disney: We’ve admired Marvel for many years and a few months ago, we reached out to Marvel. We believe in the creative team at marvel and we think they have a good pipeline and we don’t want to upset that apple cart.

    10:56: Iger: ...Our goal is not to rebrand Marvel...but to put a broader spotlight on [the] Marvel brand.

    10:58: S&P analysts also asks: why did Disney pay such a steep price? [$4 billion]...

    11:00: Disney CFO Tom Staggs: “This was not a deal that Marvel had to do or a deal that Disney had to do. We are acquring a premiums company and a premium assets and we had to pay a fair price...."

    NOTE - Interview with Bob Iger on CNBC can be found here.

    ALSO - From Market Watch: "Chief Financial Officer Tom Staggs told analysts Monday that Marvel's current third-party licensing deals with such studios as Sony and Fox [and Universal] remain in place under the terms Marvel agreed to in those transactions...As those agreements expire, Disney will consider bringing those deals in-house, or could pursue other third-party deals, depending on the circumstances. Disney is also looking forward to bringing several Marvel characters to the big screen that remain less known to the general public, Staggs added."

    ALSO #2 - "Under the arrangement, Marvel will continue to be operated by longtime President and CEO Ike Perlmutter, who will oversee the brand but will not join the Disney board."
    Last edited by Goofus; 08-31-2009 at 07:41 AM.

  8. #8

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    Re: Disney to buy Marvel

    ANOTHER IN DEPTH ARTICLE

    Worldwide leader in family entertainment agrees to acquire Marvel and its
    portfolio of over 5,000 characters

    Acquisition highlights Disney`s strategic focus on quality branded content,
    technological innovation and international expansion to build long-term
    shareholder value

    An investor conference call will take place at approximately 10:15 a.m. EDT /
    7:15 a.m. PDT August 31, 2009. Details for the call are listed in the release.
    BURBANK, Calif. & NEW YORK--(Business Wire)--
    Building on its strategy of delivering quality branded content to people around
    the world, The Walt Disney Company (NYSEIS) has agreed to acquire Marvel
    Entertainment, Inc. (NYSE:MVL) in a stock and cash transaction, the companies
    announced today.

    Under the terms of the agreement and based on the closing price of Disney on
    August 28, 2009, Marvel shareholders would receive a total of $30 per share in
    cash plus approximately 0.745 Disney shares for each Marvel share they own. At
    closing, the amount of cash and stock will be adjusted if necessary so that the
    total value of the Disney stock issued as merger consideration based on its
    trading value at that time is not less than 40% of the total merger
    consideration.

    Based on the closing price of Disney stock on Friday, August 28, the transaction
    value is $50 per Marvel share or approximately $4 billion.

    "This transaction combines Marvel`s strong global brand and world-renowned
    library of characters including Iron Man, Spider-Man, X-Men, Captain America,
    Fantastic Four and Thor with Disney`s creative skills, unparalleled global
    portfolio of entertainment properties, and a business structure that maximizes
    the value of creative properties across multiple platforms and territories,"
    said Robert A. Iger, President and Chief Executive Officer of The Walt Disney
    Company. "Ike Perlmutter and his team have done an impressive job of nurturing
    these properties and have created significant value. We are pleased to bring
    this talent and these great assets to Disney."

    "We believe that adding Marvel to Disney`s unique portfolio of brands provides
    significant opportunities for long-term growth and value creation," Iger said.

    "Disney is the perfect home for Marvel`s fantastic library of characters given
    its proven ability to expand content creation and licensing businesses," said
    Ike Perlmutter, Marvel`s Chief Executive Officer. "This is an unparalleled
    opportunity for Marvel to build upon its vibrant brand and character properties
    by accessing Disney`s tremendous global organization and infrastructure around
    the world."

    Under the deal, Disney will acquire ownership of Marvel including its more than
    5,000 Marvel characters. Mr. Perlmutter will oversee the Marvel properties, and
    will work directly with Disney`s global lines of business to build and further
    integrate Marvel`s properties.

    The Boards of Directors of Disney and Marvel have each approved the transaction,
    which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements
    Act, certain non-United States merger control regulations, effectiveness of a
    registration statement with respect to Disney shares issued in the transaction
    and other customary closing conditions. The agreement will require the approval
    of Marvel shareholders. Marvel was advised on the transaction by BofA Merrill
    Lynch.

    Investor Conference Call:

    An investor conference call will take place at approximately 10:15 a.m. EDT /
    7:15 a.m. PDT today, August 31, 2009. To listen to the Webcast, turn your
    browser to http://corporate.disney.go.com/inves...tations.htmlor dial in
    domestically at 800-260-8140 or internationally at 617-614-3672. For both
    dial-in numbers, the participant pass code is 51214527.

    The discussion will be available via replay on the Disney investors website
    through September 14, 2009 at 7:00 PM EDT/4:00 PM PDT.

    About The Walt Disney Company

    The Walt Disney Company, together with its subsidiaries and affiliates, is a
    leading diversified international family entertainment and media enterprise with
    five business segments: media networks, parks and resorts, studio entertainment,
    interactive media and consumer products. Disney is a Dow 30 company with
    revenues of nearly $38 billion in its most recent fiscal year.

    About Marvel Entertainment, Inc.

    Marvel Entertainment, Inc. is one of the world`s most prominent character-based
    entertainment companies, built on a library of over 5,000 characters featured in
    a variety of media over seventy years. Marvel utilizes its character franchises
    in licensing, entertainment (via Marvel Studios and Marvel Animation) and
    publishing (via Marvel Comics).

    Forward-Looking Statements:

    Certain statements in this communication may constitute "forward-looking
    statements" within the meaning of the Private Securities Litigation Reform Act
    of 1995. Such statements relate to a variety of matters, including but not
    limited to: the operations of the businesses of Disney and Marvel separately and
    as a combined entity; the timing and consummation of the proposed merger
    transaction; the expected benefits of the integration of the two companies; the
    combined company`s plans, objectives, expectations and intentions and other
    statements that are not historical fact. These statements are made on the basis
    of the current beliefs, expectations and assumptions of the management of Disney
    and Marvel regarding future events and are subject to significant risks and
    uncertainty. Investors are cautioned not to place undue reliance on any such
    forward-looking statements, which speak only as of the date they are made.
    Neither Disney nor Marvel undertakes any obligation to update or revise these
    statements, whether as a result of new information, future events or otherwise.

    Actual results may differ materially from those expressed or implied. Such
    differences may result from a variety of factors, including but not limited to:

    * legal or regulatory proceedings or other matters that affect the timing or
    ability to complete the transactions as contemplated;
    * the possibility that the expected synergies from the proposed merger will not
    be realized, or will not be realized within the anticipated time period; the
    risk that the businesses will not be integrated successfully;
    * the possibility of disruption from the merger making it more difficult to
    maintain business and operational relationships;
    * the possibility that the merger does not close, including but not limited to,
    due to the failure to satisfy the closing conditions;
    * any actions taken by either of the companies, including but not limited to,
    restructuring or strategic initiatives (including capital investments or asset
    acquisitions or dispositions);
    * developments beyond the companies' control, including but not limited to:
    changes in domestic or global economic conditions, competitive conditions and
    consumer preferences; adverse weather conditions or natural disasters; health
    concerns; international, political or military developments; and technological
    developments.

    Additional factors that may cause results to differ materially from those
    described in the forward-looking statements are set forth in the Annual Report
    on Form 10-K of Disney for the year ended September 27, 2008, which was filed
    with the Securities and Exchange Commission ("SEC") on November 20, 2008, under
    the heading "Item 1A-Risk Factors" and in the Annual Report on Form 10-K of
    Marvel for the year ended December 31, 2008, which was filed with the SEC on
    February 27, 2009, under the heading "Item 1A-Risk Factors," and in subsequent
    reports on Forms 10-Q and 8-K and other filings made with the SEC by each of
    Marvel and Disney.

    Important Merger Information and Additional Information:

    This communication does not constitute an offer to sell or the solicitation of
    an offer to buy any securities or a solicitation of any vote or approval. In
    connection with the proposed transaction, Disney and Marvel will file relevant
    materials with the SEC. Disney will file a Registration Statement on Form S-4
    that includes a proxy statement of Marvel and which also constitutes a
    prospectus of Disney. Marvel will mail the proxy statement/prospectus to its
    stockholders. Investors are urged to read the proxy statement/prospectus
    regarding the proposed transaction when it becomes available, because it will
    contain important information. The proxy statement/prospectus and other
    documents that will be filed by Disney and Marvel with the SEC will be available
    free of charge at the SEC's website, U.S. Securities and Exchange Commission (Home Page), or by directing a request when
    such a filing is made to The Walt Disney Company, 500 South Buena Vista Street,
    Burbank, CA 91521-9722, Attention: Shareholder Services or by directing a
    request when such a filing is made to Marvel Entertainment, Inc., 417 Fifth
    Avenue New York, NY 10016, Attention: Corporate Secretary.

    Disney, Marvel, their respective directors and certain of their executive
    officers may be considered participants in the solicitation of proxies in
    connection with the proposed transaction.Information about the directors and
    executive officers of Marvel is set forth in its definitive proxy statement,
    which was filed with the SEC on March 24, 2009. Information about the directors
    and executive officers of Disney is set forth in its definitive proxy statement,
    which was filed with the SEC on January 16, 2009. Investors may obtain
    additional information regarding the interests of such participants by reading
    the proxy statement/prospectus Disney and Marvel will file with the SEC when it
    becomes available.



    The Walt Disney Company
    Zenia Mucha
    Corporate Communications
    818-560-5300
    or
    Jonathan Friedland
    Corporate Communications
    818-560-8306
    or
    Lowell Singer
    Investor Relations
    818-560-6601

    Copyright Business Wire 2009

  9. #9

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    • Minion
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    Re: Disney to buy Marvel

    My brain is still trying to wrap itself around the deal.

    1. Marvel, particularly it's film unit, is RED HOT (thanks to advances in CGI).

    2. Disney's live action film business could be discribed as tepid at best since the departure of the Weinsteins.

    3. Guaranteed block busters ahead for Disney in Iron Man 2 plus other films on the docket.

    4. Concerned about culture clash and undervaluing Marvel properties. (This is the same thing we seen Disney do before, eating companies and spitting out the bones.) Let's hope Marvel goes the Pixar route...

    Either way, this is a big day for Stan Lee.

  10. #10

    • Future Imagineer! =D
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    Re: Disney to buy Marvel

    I was going to post the story but too late...

    Anyways, I found this quote
    "Disney CEO Bob Iger said buying Marvel will allow Disney to extend the characters in its parks and stores (watch the video at the bottom of this article)." My source was: Disney buying Marvel for $4 billion- Market Dispatches - MSN Money

    Ummmm, no offense but I don't think I want those characters in the Disney parks....
    ...After a YEAR I finally was able to figure out my password again! I'm baaack! Woohoo!(:
    Disney is my life <3
    Thank Walt for all he did! <3
    Future Imagineer <3
    Keep Disney the way Walt intended it!!


  11. #11

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    Re: Disney to buy Marvel

    I agree...the thought of Spiderman and Wolverine as face characters in Disneyland....<shudder>

  12. #12

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    Re: Disney to buy Marvel

    Disney & Marvel’s Latest Creations | SofaSnark.com

    Courtesy of The Tonight Show with Conan O'Brien:



    Gooferine



    The Incredible Duck



    Thingerella


    More fun -

    Super Punch: Disney is buying Marvel?!

    Super Punch: More Disney/Marvel mashups

    Super Punch: More Disney/Marvel mashups (these ones are funny!)

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