Disney-Fox Deal Closer Than Ever As Both Sides Talk With Their Bankers

Variety is reporting that the Disney – Fox deal is heating up, and is now closer than it has ever been, as both sides are in number-crunching mode to come to an agreement on valuation in the deal.

 width=Disney’s bankers include JP Morgan and Guggenheim Partners, both of which have worked with Disney previously. Goldman Sachs and Centerview Partners are working with 21st Century Fox.

A source has indicated that the deal could be finalized in the next couple of weeks.

Bernstein Research analyst Todd Juenger has calculated the value of the Fox assets at $57.4 billion, give or take a few million. Deals usually command a premium to the value of anywhere between 20-30%, so Disney could be looking at a price tag of $69-74 billion.

The assets in play are:

  • 20th Century Fox film and TV studio
  • All of the FX Networks
  • National Geographic Channels group
  • 22 regional sports networks
  • Fox’s collection of international channels, including Star India
  • Fox’s 39% stake in Sky

Fox would then be left with:

  • Fox Broadcasting Company
  • 28 Fox-owned-and-operated TV stations
  • The national Fox Sports network
  • The Fox News operations

It is also speculated that Fox’s current CEO, James Murdoch, would take a position with Disney, while Fox executive chairman Lachlan Murdoch would stay behind and manage the remaining Fox assets.

As reported previously, Disney CEO Bob Iger will likely stay on past his planned July 2019 retirement if the deal does happen.

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Classic Images of Walt Disney Now Available From the Walt Disney Archives

Just in time for what would have been Walt Disney’s 114th birthday on December 5, 2015, Disney launched Photographs from the Walt Disney Archives, a new online print-on-demand photo service that allow fans to own vibrant images from Disney’s rich history, including classic images of Walt himself.

Disney Photo

Iconic photographs, from a young Walt circa 1932 surrounded by more than a dozen plush Mickey Mouse dolls to a shot of Sleeping Beauty Castle at Disneyland on opening day in 1955, are available for purchase in an array of sizes and formats, including photographs and canvas. Each image tells a story, including a rare behind-the-scenes photograph of musicians during the filming of the concert epic Fantasia (1940), as well as a shot of Walt and his staff with the groundbreaking multiplane camera during the 1951 filming of Alice in Wonderland.

With multiple sizes and frames to choose from, individuals can customize their orders—from an 11’’ x 14’’ print on paper or gallery–wrapped canvas ($59.00) to a 20’’ x 20’’ print in a natural or black wood frame ($150.00).

All artwork comes from the photo library operated by the Walt Disney Archives. Comprised largely of original negatives, the roughly 4 million photos rarely leave their cold storage facilities to see the light of day. As more and more digital copies have been created, the Archives is offering this special opportunity to own a print from its one-of-a-kind collection.

Photographs from the Walt Disney Archives launched December 5, 2015 at DisneyPhotoArchives.com.

Hurrell Exhibit Brings Hollywood Glamour To The Walt Disney Family Museum

“Our world was a storybook –  a romantic fantasy.” – George Hurrell

In the special exhibition, Lights! Camera! Glamour! The Photography of George Hurrell, the Walt Disney Family Museum steps outside of its expected area of concentration and finds itself right where it belongs.

And while the allure of Hurrell’s photographic content may seem diametrically opposed to the work of Walt Disney, both men raised their particular crafts to an unprecedented level, through artistry, innovation and imagination, while communicating nearly opposite worlds of fantasy.

After all, the Scottish origin of the word glamour meant magic, or enchantment.

WDFM_George Hurrell_Self Portrait

Proto-Selfie:  Courtesy of Pancho Barnes Trust Estate Archive, © Estate of George Hurrell.

On display through June 29, the show brings together a selection of rare, vintage prints from George Edward Hurrell (1904–1992), one of the world’s most admired photographers, whose professional career helped define beauty for the motion picture industry and the world at large.

The “Golden Age of Hollywood” was in many ways a reaction to hard times.  A movie was a 25-cent exchange for a couple of hours of escape. Not exactly cheap, but a grand bargain. And while the world suffered through the Great Depression the movie industry thrived. Harrell’s work promoted and projected precisely that “idea” of the motion picture industry.  Both supported each other by bringing unparalleled elegance to a financially depressed and demoralized public.

WDFM_George Hurrell_Douglas Fairbanks Jr., 1933

Chiseled With Light: Douglas Fairbanks Jr., 1933. Image courtesy of Pancho Barnes Trust Estate Archive, © Estate of George Hurrell.

Hurrell’s big break was a sitting with actress Norma Shearer, who sought to cast off her good-girl film image. She posed for a series of sensual portraits which convinced her husband, legendary MGM Production Chief Irving Thalberg, that she could play the lead in MGM’s racy new film, The Divorcee (1930) for which she won the Best Actress Academy Award. It brought Hurrell a job as a staff portrait photographer for MGM.

WDFM_George Hurrell_Carole Lombard The Princess Comes Across_1936

In Shadow: Carole Lombard (1936). Image courtesy of Pancho Barnes Trust Estate Archive, © Estate of George Hurrell.

Trained as a painter, he brought a fine art aesthetic to his photographic work. He invented the Boom Light, among other techniques, as a means to “paint” with light.  He manipulated negatives with incredible precision. Be it removing numerous freckles from an a make-up free face, or lengthening and thickening eyelashes to a sumptuous state.

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Sizzling Sensuality: Jean Harlow 1933. Image courtesy of Pancho Barnes Trust Estate Archive, © Estate of George Hurrell.

Hurrell married Walt Disney’s niece, Phyllis Bounds, and they had three children. In the 1950s, the family founded Hurrell Productions, a television production studio located on The Walt Disney Studios lot in Burbank. The companies were wholly separate, but it did allow a “sharing” of animators and staff for the creation of animated television commercials. Walt’s daughter, Sharon, was employed as the assistant to her cousin, Phyllis Hurrell, and was personally delivered each morning to the door of the Hurrell Productions offices by her father.

WDFM_George Hurrell_Walt Disney, 1940

Walt Disney: (1940) Image courtesy Laguna Art Museum and The Walt Disney Company.

The Walt Disney Family Museum is located at 104 Montgomery St. in the Presidio of San Francisco.