disney bought marvel
Monday, August 31st, 2009It could lead to new rides, movies, action figures and other outlets for Marvel’s 5,000 characters, although Marvel already was aggressively licensing its properties for such uses. [1]
LOS ANGELES — The Walt Disney Co. is punching its way into the universe of superheroes and their male fans with a deal announced Monday to acquire Marvel Entertainment Inc. for $4 billion, bringing characters such as Iron Man and Spider-Man into the family of Mickey Mouse and “Toy Story.” [2]
NEW YORK (CNNMoney.com) — The Walt Disney Co. announced Monday that it has agreed to purchase comic book and action hero company Marvel Entertainment for about $4 billion. [3]
NEW YORK/LOS ANGELES (Reuters) - Walt Disney Co on Monday agreed to buy Marvel Entertainment Inc for $4 billion in the biggest media deal of the year, banking on Marvel’s roster of superheroes to broaden its lineup of movie franchises that appeal to boys. [4]
The Walt Disney Co. says it is acquiring Marvel Entertainment Inc. for $4 billion US in cash and stock, bringing characters like Iron Man and Spider-Man into the Disney family. [5]
The deal won’t have benefits right away, and Disney stock sank on the news. [1]
The deal is expected to close by the end of the year and marks Disney’s biggest acquisition since it purchased Pixar Animation Studios Inc., the maker of “Up” and “Cars,” for $7.4 billion in stock in 2006. [6]
SAN FRANCISCO (MarketWatch) — DreamWorks Animation SKG Inc. saw its shares shoot up Monday as news of a $4 billion acquisition of Marvel Entertainment Inc. by Walt Disney Co. ignited speculation that the animated filmmaker may also be a buyout candidate. [7]
On a conference call with investors, Iger said the deal will allow Disney to sell Marvel’s vast array of characters and properties across different media platforms and in many more markets. [3]
Iger said the deal would bring benefits like the ones Disney got from buying “Toy Story” creator Pixar Animation Studios Inc. for $7.4 billion in stock in 2006. [8]
The deal pairs a comic book publisher that just recently began to produce its own movies with one of the largest international media companies in the world. [3]
“‘Sparks will fly’ is the expression that comes to mind,” Iger told analysts. [2]
Although it began producing its own movies, starting with “Iron Man” last year, Marvel has several deals with other movie studios that Disney said it will honor and re-examine upon expiration. [9]
Another storied comic book maker, DC Comics, has been under the wings of a major studio since 1969, when Warner Bros. [8]
Disney expects a short-term profit hit, and Marvel characters from X-Men to Daredevil are locked up in deals with other movie studios and theme parks. [2]
Sources:
[1] Pow! Disney captures Spider-Man, Iron Man and other Marvel characters …
[2] Disney to buy comic book powerhouse Marvel for $4B - Business - News …
[3] Disney to buy Marvel Entertainment for $4 billion - Aug. 31, 2009
[4] Disney to buy Marvel for $4 billion | Entertainment | Reuters
[5] Disney buys Marvel for $4B US
[6] islandpacket.com | Disney to buy comic book powerhouse Marvel for $4B
[7] DreamWorks shares jump on Disney-Marvel deal - MarketWatch
[8] Disney to buy comic book powerhouse Marvel for $4B - Latest Hollywood …
[9] Disney Buying Marvel for $4 Billion - AOL Money & Finance