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Disney to buy Marvel


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  • Disney to buy Marvel

    Associated Press:

    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
    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
      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
        Re: Disney to buy Marvel


        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
          Re: Disney to buy Marvel

          NY Times article:

          Visit my blog:


          • #6
            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
              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, 08:41 AM.


              • #8
                Re: Disney to buy Marvel


                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

                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

                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 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

                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
                Jonathan Friedland
                Corporate Communications
                Lowell Singer
                Investor Relations

                Copyright Business Wire 2009
                Visit my blog:


                • #9
                  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.
                  Check out my other blog:


                  • #10
                    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....
                    sigpic...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
                      Re: Disney to buy Marvel

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


                      • #12
                        Re: Disney to buy Marvel

                        Courtesy of The Tonight Show with Conan O'Brien:


                        The Incredible Duck


                        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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