Posted Monday, August 31, 2009 9:54 AM | Contributed by Viper423
The Walt Disney Company said on Monday that it has agreed to buy Marvel Entertainment, bringing together the house of Mickey Mouse with the publisher of Spider-Man, for $4 billion in cash and stock. Under the terms of the deal, Disney will pay $30 a share in cash and .745 Disney shares for every Marvel share, with no less than 40 percent of the deal being made in stock. Disney valued the deal at $50 a share as of the companies’ share prices on Friday.
Read more from The New York Times.
That is awesome. Good find.
I was also thinking long term. While the franchises aren't theirs for now, the rights would eventually revert back to them and I would expect that there is work on contingencies for them anyway. Plus the damage to the characters (minor as they may be to the general public), it's something they should be concerned about because it is something that they do own a stake in, and Disney is concerned about how their properties are perceived.
Although the public in theory should know that it's Fox's fault and not Marvel, the public may not think even that far. As an alternate example, Batman Begins righted the wrongs of the last few Batman films, and the directors/writers/etc involved with fixing it is not as well known as just the fact that it was a good film as opposed to the previous few. It was just Batman to the general public, and I expect if the rights revert (or the next Spiderman does better), the bad films will be discarded in the mindset of the public. (Disclaimer note: I thought Spiderman 3 was a good film, just seriously outclassed by the other two and should have saved the fights with Venom for another film)
Interesting comment from Iger at D23 about Marvel Purchase:
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