main
side
curve
  1. Welcome to the new boards! Details here!

James (And Rupert) Murdoch May Finish Up In Control Of LFL/Star Wars

Discussion in 'Lucasfilm Ltd. In-Depth Discussion' started by G-FETT, Dec 5, 2017.

  1. G-FETT

    G-FETT Force Ghost star 7

    Registered:
    Aug 10, 2001
    Looks like Disney is about to take over Fox and James Murdoch (him of phone hacking and News International fame) might well succeed Bob Iger and become CEO of Disney (no doubt with Rupert calling the shots as always)

    https://www.theguardian.com/media/2017/dec/05/disney-james-murdoch-21st-century-fox-ceo

    Just let that sink in for a while eh? The Murdoch's will own LFL and Star Wars...

    As someone once said: "This deal is getting worse all the time..."

    #ComeBackGeorge
     
  2. {Quantum/MIDI}

    {Quantum/MIDI} Jedi Grand Master star 5

    Registered:
    Dec 21, 2015
    This sounds like mulch.
     
  3. Darth Downunder

    Darth Downunder Chosen One star 6

    Registered:
    Aug 5, 2001
    That's a completely inaccurate & sensationalist take on this story. If things were to transpire as the article suggests, Disney will still own SW outright. In fact even more-so since they'll acquire the distribution rights to the older movies, particularly ANH. If James Murdoch were appointed as CEO that doesn't give he or his family one iota of ownership of SW. The CEO is the top employee of the company, not an owner or a director.
     
    Dandelo likes this.
  4. Krueger

    Krueger Chosen One star 5

    Registered:
    Aug 9, 2004
    G-FETT, as per usual, is just trying to stir up trouble. Just like he used to in the forums for the new SW films, although I'm guessing he's been told he can't do that anymore. Luckily no one gives a ####.
     
  5. anakinfansince1983

    anakinfansince1983 Nightsister of Four Realms star 9 Staff Member Manager

    Registered:
    Mar 4, 2011
    Discuss the topic and not other users.
     
  6. Tython Awakening

    Tython Awakening Jedi Knight star 2

    Registered:
    Oct 12, 2017
    Here is an article (Dec 14, 2017) that clarifies some information. It might be old already.

    This deal brings 20th Century Fox under the Disney umbrella of companies. Does that mean the Murdochs could potentially own Lucasfilm or Star Wars? They might get stock in Disney but George Lucas also has heavy stock in Disney. This deal may put them on the same footing as George.



    quoting article:
    <<<<
    Key elements of the transaction unveiled Thursday morning:

    • The deal values the 21st Century Fox assets in the transaction at $66.1 billion, including $13.7 billion in 21st Century Fox debt, or $28 a share. The enterprise value of the deal is $69 billion.
    • Disney chairman-CEO Bob Iger has extended his contract with the company for another two years, through the end of 2021, in order to oversee the integration of the assets.
    • 21st Century Fox shareholders will receive 0.2745 Disney shares for each Fox share held, giving Fox shareholders about 25% of Disney.
    • 21st Century Fox will spinoff Fox Broadcasting Co., Fox Sports, Fox News, Fox Television Stations and a handful of other assets into a new company that will have revenue of $10 billion and earnings of about $2.8 billion. The 20th Century Fox lot in Century City will also remain with the spinoff Fox company.
    • 21st Century Fox will continue to pursue its acquisition of the remaining 61% stake in Euro satcaster Sky that it does not already own with the intention of Disney taking it over when the Disney-Fox transaction is completed.
    • Disney expects to realize $2 billion in cost savings from combining Disney and Fox’s overlapping businesses within two years of the deal’s closing.
    • Disney expects the regulatory review of the acquisition to take as long as 18 months. >>>>>

     
    Last edited: Feb 19, 2018