Key Developments: Walt Disney Co (DIS)

DIS on New York Consolidated

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22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Walt Disney Co Company Completes Lucasfilm Acquisition
Friday, 21 Dec 2012 05:00pm EST 

Walt Disney Co announced that Disney has completed its acquisition of Lucasfilm Ltd. LLC. Under the terms of the merger agreement, at closing Disney issued 37,076,679 shares and made a cash payment of $2,208,199,950. Based upon the closing price of Disney shares on December 21, 2012 at $50.00, the transaction has a total value of approximately $4.06 billion.  Full Article

Cox Communications Inc and The Walt Disney Company Announce Comprehensive Distribution Agreement
Thursday, 13 Dec 2012 05:49pm EST 

Cox Communications Inc and The Walt Disney Company announced a comprehensive long-term distribution agreement to deliver Disney’s robust lineup of sports, news and entertainment content to Cox TV customers across televisions, computers, smartphones, tablets, gaming consoles and internet-enabled televisions. The new early renewal agreement enhances the multichannel business model and supports the companies’ mutual goal to deliver the best video content to customers across multiple platforms. As part of the new multi-year agreement, WatchESPN (ESPN, ESPN2, ESPN3, ESPNU, ESPN Goal Line and ESPN Buzzer Beater) launches today as the first of TWDC’s existing authenticated products being made available to Cox customers. Additional authenticated products including WATCH Disney Channel, WATCH Disney XD and WATCH Disney Junior will launch next week. The to-be-launched WATCH ABC and WATCH ABC Family services will also be made available to Cox customers. These products will give Cox customers more opportunities to access live and video on demand content, both in-home and out-of-home, on their computers, smartphones, tablets and gaming consoles.  Full Article

Netflix Inc Gets Pay Tv Rights For Walt Disney Co's Movies-Reuters
Tuesday, 4 Dec 2012 02:14pm EST 

Reuters reported that Netflix Inc signed a multi-year agreement with Walt Disney Co, gaining exclusive U.S. pay television rights to Disney movie releases from 2016. Netflix subscribers will be able to watch new Disney movies on TV, tablets, computers and mobile phones. Disney's direct-to-video new releases will also be made available on Netflix starting 2013.  Full Article

Walt Disney Co Board Increases Annual Cash Dividend By 25 % To $0.75 Per Share
Wednesday, 28 Nov 2012 04:05pm EST 

Walt Disney Co announced that board has declared an annual cash dividend of $0.75 per share, up 25 %, or $0.15 per share, from the previous year. The dividend is payable on December 28, 2012 to shareholders of record at the close of business on December 10, 2012. The December payment represents the 57th consecutive dividend payment to shareholders.  Full Article

Walt Disney Co's ESPN Strikes Deal For New U.S. College Football Playoffs-Reuters
Wednesday, 21 Nov 2012 04:47pm EST 

Reuters reported that Walt Disney Co's ESPN said, it has locked up the TV rights for U.S. college football playoff games for 12 years in a new deal that was worth more than $7 billion. ESPN did not disclose financial terms of the agreement with the group that will administer the new college football playoff system, which starts in 2014. The deal will run from 2014 until January 2026, the network said in a statement. ESPN would pay $470 million a year, or $5.64 billion over 12 years to carry the games that are part of the new playoff format that was approved in June by a committee of university presidents.  Full Article

Walt Disney Co to Acquire Lucasfilm Ltd.
Tuesday, 30 Oct 2012 03:53pm EDT 

Walt Disney Co announced that it has agreed to acquire Lucasfilm Ltd. in a stock and cash transaction. Lucasfilm is 100% owned by Lucasfilm Chairman and Founder, George Lucas. Under the terms of the agreement and based on the closing price of Disney stock on October 26, 2012, the transaction value is $4.05 billion, with Disney paying approximately half of the consideration in cash and issuing approximately 40 million shares at closing. The final consideration will be subject to customary post-closing balance sheet adjustments.  Full Article

Cablevision Systems Corp And The Walt Disney Company Announce Comprehensive Distribution Agreement
Thursday, 4 Oct 2012 10:00am EDT 

Cablevision Systems Corp and The Walt Disney Company announced a comprehensive distribution agreement to deliver Disney’s robust lineup of top sports, news and entertainment content to Cablevision TV customers across television, internet, tablets and handheld devices. The new agreement enhances the multichannel business model and supports the companies’ mutual goal to deliver the video content to customers across multiple platforms. As part of the new multi-year agreement, Cablevision will launch several new services, including the full suite of authenticated WATCH products, ESPN3 and ESPN 3D, as well as the upcoming ABC News/Univision Joint Venture, a 24/7 news, information and lifestyle multi-platform network for English-dominant and bilingual Hispanics, the youngest and growing demographic in the U.S. In total, approximately 70 services are covered by the broad scope of this agreement including: ABC, ABC Family, Disney Channel, Disney Junior, Disney XD, ESPN, ESPN2, ESPNU, ESPN Deportes, ESPNEWS, ESPN Classic, ESPN Goal Line, ESPN Buzzer Beater, ESPN 3D, ESPN GamePlan, ESPN FullCourt, ESPN3 and Longhorn Network; retransmission consent for WABC-TV and WPVI-TV, as well as more than 10 high-definition networks  Full Article

University of California Sues Facebook Inc, The Walt Disney Company Over Patents-Reuters
Thursday, 13 Sep 2012 01:00pm EDT 

Reuters reported that a University of California patent licensee which has sued some of the U.S. companies is taking on three more, Facebook Inc, Wal-Mart Stores, Inc. and The Walt Disney Company. Eolas Technologies Inc and the Regents of the University of California filed lawsuits on Wednesday over four patents they believe the companies are infringing. The patents for interactive technology, including hypermedia display and interaction, were issued to the university and licensed to Eolas, a Texas company chaired by Michael Doyle. The company was founded to help the University of California commercialize patent technology, its website says, including patents Doyle and his team helped develop while he worked at the University of California, San Francisco.  Full Article

A&E to take a stake in Vice Media at $2.5 billion valuation

- A&E Networks is close to taking a 10 percent stake in Vice Media that would value the company at $2.5 billion, a Vice Media spokesman confirmed on Friday.

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