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Disney sells 21 regional sports networks to Sinclair in deal valued at USD 10.6 bln

2019-05-06 09:14:00| Telecompaper Headlines

(Telecompaper) Disney said it has sold the 21 regional sports networks it acquired at the time it bought 21st Century Fox to the Sinclair Broadcast Group, for a total value of USD 10.6 billion. The total price reflects a purchase price of USD 9.6 billion and adjustments for minority equity interests. The deal will complete after receiving the usual closing conditions, including the approval of the US Department of Justice. It has been unanimously approved by the voard of directors of both Sinclair and Disney.

Tags: sports deal regional networks


Last week in media: Alphabet leads the sector down, Facebook and Google working on privacy, Sinclair nearing deal with Disney

2019-05-06 07:00:00| Telecompaper Headlines

(Telecompaper) First, earnings season was well on its way with reports from:

Tags: with privacy media week


How Avengers put Disney at the top of the charts

2019-05-03 23:19:20| BBC News | Business | UK Edition

How Avengers: Endgame helped make Disney the dominant force in world cinema.

Tags: the top put charts


Last week in media: video and gaming up, music down, Walt Disney sets record, CEOs in the spotlight

2019-04-29 07:00:00| Telecompaper Headlines

(Telecompaper) The Telecompaper Stock Index Global Consumer Media gained 2.8 percent in week 17, mainly as a result of solid performances from the heavyweights Alphabet and Facebook. Twitter was the week's winner, but games manufacturers Activision Blizzard (+6.3%) and Take-Two Interactive (+6.1%) also did quite well. McClatchy (-7.0%) was the weakest media stock. The S&P 500 was up 1.2 percent for the week.

Tags: in the video music


Disney Goes Over the Top: How Does Its Streaming Service Stack Up?

2019-04-19 14:00:00| TechNewsWorld

The Walt Disney Corporation officially announced Disney+, its direct-to-consumer streaming service, during its Investor Day webcast last week. The new over-the-top service will become available on Nov. 12 for a $6.99 month subscription. Disney+ will arrive with more than 25 new TV programs, as well as more than 10 new movies. The service will expand to include Disney classics and other IP.

Tags: top service up disney


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