CBright7831
2016/17 Poster of the Year
- Messages
- 3,858
- Reaction score
- 0
- Points
- 0
According to the New York Times (via Topless Robot), Disney has agreed to acquire Marvel Entertainment for $4 billion in cash and stock. This deal gives Disney rights to over Marvel’s 5,000+ characters, not to mention control over Marvel’s licensing, publishing, and film production capabilities. This acquisition is interesting for many reasons, not the least of which is that one year ago Marvel re-upped its contract with Paramount to distribute its next five films, including Iron Man 2, The Avengers, and Thor, among others. Furthermore, there are a plethora of loose ends, licensing-wise, that Disney will have to contend with before this deal starts to show its true worth.
Undoubtedly, the effects of this massive shift in the entertainment industry will be felt for quite some time. This is one of the largest acquisitions in Disney’s recent history, surpassed only by its acquisition of Pixar for $7.4 billion in 2006 (and I think it’s safe to say that deal had a pretty significant impact on both companies involved).
More details on the repercussions of this deal are sure to come in the near future, but for now, you can find some highlights from the press release after the jump. Leave your thoughts, excitements, and predictions of doom and gloom in the comments.
SOURCE
Undoubtedly, the effects of this massive shift in the entertainment industry will be felt for quite some time. This is one of the largest acquisitions in Disney’s recent history, surpassed only by its acquisition of Pixar for $7.4 billion in 2006 (and I think it’s safe to say that deal had a pretty significant impact on both companies involved).
More details on the repercussions of this deal are sure to come in the near future, but for now, you can find some highlights from the press release after the jump. Leave your thoughts, excitements, and predictions of doom and gloom in the comments.
SOURCE