Fox Reportedly Favoring Deal with Disney Over Other Suitors

Bloomberg is reporting that Rupert Murdoch and his sons James and Lachlan, who control 21st Century Fox Inc., are favoring Disney as buyer of most of Fox’s assets, because it’s thought to be a better strategic fit and presents fewer regulatory hurdles. News first broke in early November about the potential asset sale. Talks apparently broke down, but then ramped up again this past week.

Although Fox is also in talks with Comcast, insiders are saying the Murdochs are favoring Disney as the buyer of the 20th Century Fox film and TV studio and Fox’s stake in the U.K. pay-TV provider Sky Plc. Fox will retain ownership of Fox News, the Fox broadcast network or the Fox Sports 1 channel.

Fox’s current CEO, James Murdoch, could potentially join Disney in a C-suite role, which would make the issue of Iger’s successor take a new twist. Iger is set to retire in 19 months. Chatter within the company is currently that Bob Chapek, Chairman of Parks and Resorts, is being groomed for the CEO role.

Sky Plc adds an interesting twist to Disney’s plans to launch new streaming services. If Disney buys Fox’s 39 percent stake in Sky, it would trigger a mandatory offer for the rest under U.K. Takeover Panel rules.

TV Series Based On “Star Wars”, “Monsters Inc.” And “High School Musical” Coming to Disney’s Upcoming Streaming Service

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Bob Igeer has announced that new TV series’ based on the popular franchises, “Star Wars” , “Monsters Inc.” and “High School Musical” will be coming to Disney’s upcoming streaming service.

From Variety:

Disney is planning a live-action “Star Wars” TV series to air on its entertainment streaming service that is expected to launch by the end of 2019.

Disney chairman-CEO Bob Iger announced the “Star Wars” news during the company’s quarterly earnings call. In addition to the “Star Wars” TV series, Disney is working on TV series adaptations of Pixar’s “Monsters Inc.,” the Disney Channel’s “High School Musical” franchise and an original entry from Marvel.

Of the nascent entertainment-focused streaming service, Iger said Disney would produce four to five original movies a year for the service, in addition to the original TV series. Iger said it would not have traditional advertising in the form of commercials. Sponsorship opportunities may be available, however.

Iger also said he expects the Disney-branded streaming service to be priced “substantially below” Netflix’s $10.99 a month because the service will have less content overall. “The price will reflect that,” he said. “Our goal is to attract as many subs as possible starting out.”

Source: Variety

Disney CEO Bob Iger Extends Contract Through 2019

On Thursday, the Walt Disney Company announced the extension of current CEO Bob Iger’s contract to July 2, 2019.  The complex nature of finding a suitable replacement has proven challenging in the years since Mr. Iger first announced his desire to retire.   Since it is a “robust process of identifying a successor and ensuring a smooth transition” the Board of Directors felt keeping the steady approach Mr. Iger has provided would best serve the Company.

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Robert A. Iger

In the release, the Independent of Lead Director of the Disney Board Orin C. Smith highlighted Mr. Iger’s success’s over his first 11 years as CEO.  Among those achievements are the 448% growth in shareholder returns while simultaneously increasing the market capitol of the company from $46 billion to $177 billion.

Mr. Iger expressed his gratitude in saying “leading this Company is a tremendous privilege, and I am honored to have been asked to continue serving as CEO” adding “even with the incredible success the Company has achieved, I am confident that Disney’s best days are still ahead”.

As part of his agreement, Mr. Iger will receive a $5 million dollar bonus for staying on.  In addition to the bonus, Mr. Iger will remain a consultant for the company for 3 years following his retirement.  Back in 2011, Mr. Iger announced his intentions to step down in 2015.  The departures of CFO Jay Rasulo and COO Tom Staggs left no clear successor within the company.  This latest extension marks the 3rd time that Mr. Iger’s contract has been extended since his initial announcement.

With Pandora: World of Avatar set to open this spring and both Toy Story and Star Wars Lands set to open by 2019, it makes sense that Mr. Iger would want to stay on for those openings as the acquisition of both Pixar and Lucasfilm have been huge success under the Iger tenure.

Bob Iger Shows Off The Millennium Falcon In The Latest Issue Of Fortune Magazine

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In the January issue of Forbes magazine, Disney CEO Bob Iger is shown with some new photos of the Millennium Falcon from “Star Wars: The Force Awakens”. Iger also shares the cover (below) with the new Millennium Falcon. You can tell that this Millennium Falcon is the new version from The Force Awakens by the new rectangular satellite dish. The article highlights the acquisitions of such franchises such as Pixar, Marvel and Lucasfilm under Bob Iger’s tenure as Disney CEO and what their impact has been for The Walt Disney Company.

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“Star Wars” Theme Park Attractions Will Be Based On New Movies, Not Old

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Variety reported today that according to Disney CEO, Bob Iger, future Star Wars theme park attractions will be based solely on the new movies, starting with “Star Wars: The Force Awakens”. Development on Star Wars theme park attractions was halted for Imagineers until a clear vision of what J. J. Abrams was intending for The Force Awakens was fully revealed to them. Iger felt it best to have Star Wars attractions based on future movies, basically saying, someone who sees the Force Awakens wants to go on a ride based on the movie they just saw. At one point Iger mentions that the rides may have a blend of past, future and present, so there will be some presence of the original 6 movies in future attractions.

Original Source: Variety.com

Two years after buying Lucasfilm for $4 billion, Disney is starting to reveal just how “Star Wars” will be integrated into the company’s theme parks.

Main attractions will be based on new sequels and spinoffs — the first of which, “Star Wars: The Force Awakens,” bows next year — not the older films in George Lucas’ sci-fi franchise, according to Walt Disney Co. chief Bob Iger.

“There will be a much larger ‘Star Wars’ presence in our parks globally,” Iger said during a Q&A at Variety‘s Dealmakers Breakfast on Wednesday, presented by Bank of America and sponsored by Delta. “But we want to do this big, which takes time, and to do it right.”

For Disney and its team of theme park designers at Walt Disney Imagineering, that meant waiting until director J.J. Abrams could reveal his plans for “The Force Awakens.”

Disney could have easily started producing new rides based on the original “Star Wars” films — and early development on new rides did revolve around the first six “Star Wars” movies. But Iger didn’t want a situation in which theme park guests would be disappointed with an attraction after seeing “The Force Awakens.”

I didn’t want someone to say, ‘I just saw the movie and there’s nothing in that movie in this (attraction),” Iger said. “We waited to see what this film would have in it.”

As a result, Iger stopped early development on theme park attractions at Imagineering. “We couldn’t tell them what was new,” Iger said, until Abrams was finished developing and producing the sequel. “I slowed it all down so what we come forward with will have a blend of the past, present and maybe the future,” referencing upcoming sequels and spinoff films. “Now we have a sense of what’s in ‘Star Wars 8,’ and what some of the standalone films will have in them.”

The older films, their worlds and characters already are featured in the “Star Tours” attraction at Disney’s parks.

Iger has previously said that “Star Wars” would have “a significant presence” inside the company’s resorts. “Why not?” he asked on Wednesday. “We bought the thing. We can do that now.” The first look at the new “Star Wars” attractions are expected to be revealed next year.

During the conversation with Variety co-editor-in-chief Claudia Eller inside the Palm restaurant in Beverly Hills, Iger noted how he has repeatedly stressed to Abrams that the future of the franchise and the company’s acquisition of Lucasfilm rides on the success of “The Force Awakens,” out in theaters Dec. 18, 2015.

“I keep telling J.J. Abrams this is a $4 billion movie,” Iger said, in reference to the Lucasfilm deal, not the actual budget of the film. “We need to treat this very special. It’s an unbelievable privilege and unbelievable responsibility to take a jewel and treat it in a way that is respectful of its past but brings it into the future.”

Early reaction to a teaser trailer already has been strong.

The 88-second teaser, which includes just 39 seconds of footage, has been viewed over 110 million times, Iger said, in addition to 40 million views of spoofs created around the footage.

Disney nearly didn’t release a trailer, Iger admitted. Abrams is known for wanting to keep footage of his films under wraps. But the rabid “Star Wars” fanbase prompted Disney to come up with the brief introduction of what the new film would look like.

Iger said there’s a big opportunity to reach a younger demo that’s attracted to the”Star Wars” franchise through Lego toys, as well as foreign markets like China where the original films in the 1970s and ’90s weren’t as popular because of the size of the theatrical market in those territories at the time.

Disney is anticipating that “curiosity will extend beyond the people who grew up with the movies,” Iger said, and Disney “has done a tremendous amount of work in how (the films) will be brought to market and where the opportunities are” in growing the franchise.

One way to do that is the way “The Force Awakens” is produced.

Iger noted how Abrams has relied more on physical sets and props that are significant in size and scope, rather than computer-generated imagery.

“That will give the film a look that will be extremely respectful of the look George (Lucas) created in the ’70s,” Iger said, “and will play well with ardent ‘Star Wars’ fans and play well with audiences today.”

Iger noted how the use of computer-generated graphics has made filmmaking seem “too easy.” “There’s a sameness to a lot of these films today,” Iger said. “The wow factor isn’t what it used to be. J.J. decided to create the physical wow factor.”

Disney CEO Bob Iger to Open D23 Expo 2013; John Lasseter to Host Presentation

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As many of you know, the D23 Expo, the Ultimate Event for Disney Fans, is happening this August 9-11, 2013, in Anaheim, California. It’s always exciting to hear all the special things they will have in store for those in attendance, and some exciting news has just been released!

The grand opening celebration of the Expo on August 9th will feature a Welcome by none other than Disney Chairman and CEO Bob Iger, officially kicking off the amazing three day event.

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Art and Imagination: Animation at The Walt Disney Studios: A presentation hosted by Chief Creative Officer John Lasseter will follow the Opening Welcome, and promises to be filled with surprises and sneak peaks on upcoming animated features, a new film short, surprise celebrities and filmmakers, major announcements in movies, and a live musical performance. This will be held  in the Anaheim Convention Center Arena.

Let the Adventures Begin: Live Action at The Walt Disney Studios: On August 10th in the Arena, Walt Disney Studios Chairman Alan Horn will present all the exciting new live-action releases coming up, including Thor: The Dark World, Tomorrowland, and Saving Mr. Banks. There will be behind-the-scenes footage, exclusive clips, and many other surprises in store!

Both these amazing presentations will be held in the Arena, which holds 4,000 fans, but in case you’re worried you still won’t get in, this year features an additional 2,000 seats in the new overflow theatre, where guests can watch all the excitement through a live-feed!

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For those of you who cannot make the D23 Expo, we’ve got you covered! WDW News Today will be there providing you with up-to-the-minute exclusive coverage of all the weekend’s events. So stay tuned to WDWNT.com.

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Images courtesy of the Walt Disney Company

Bob Iger on Disneyland & The Economy

Here’s a very interesting quote from Bob Iger brought up on the OC Register Around Disney Blog about Disneyland & the state that the economy is currently in:

I was at Disneyland and California Adventure on Sunday, in the middle of this tough economy on a day that started with rain in Southern California and there were 50,000 people at Disneyland and California Adventure combined for the day, which is — I know that doesn’t help because you don’t have much perspective but that’s a pretty strong showing.

And one of the things that was clear is that at California Adventure, where we’ve got good attractions, a new one, Toy Story Mania, for instance, there’s real appeal and real demand. We have an opportunity there because of the size of that property to infuse it with stronger attractions and I believe end up with a park that is substantially more successful than the one that we have today. And as Tom referenced it, because Disneyland itself is so built out, the primary way to really grow that resort is by improving California Adventure and growing that out. And when you consider that what we are putting in there is so attractive, Cars Land will be the anchor, a very, very successful franchise for the company, then we believe not only will we grow the top line but our real focus is to grow the bottom line and to grow our returns on invested capital.