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Fox acquisition offers new horizons for Disney, as operator enjoys record quarter for its parks
POSTED 08 Aug 2018 . BY Tom Anstey
The assets we're buying fit perfectly with our plans to substantially grow our intellectual property portfolio and to bring our products to market in ways that consumers, as well as the creative community find extremely compelling
– Bob Iger
Disney chief Bob Iger has said the company's acquisition of Fox will offer new compelling ways for it to bring its products to market, utilising newly-acquired intellectual property to create never-before seen products across its portfolio, including in its theme parks.

The US$71.3bn (€63bn, £56.6bn) acquisition of Fox, which has now been approved by Disney's shareholders, sees Disney gain a huge media library and the rights to the first Star Wars film and the film rights to the Fantastic Four and X-Men franchises – two IPs not obtained through its previous multi-billion-dollar acquisitions of Lucasfilm and Marvel.

The move is expected to have a significant impact on the theme park industry, with Disney likely planning to bring its new Fox IPs to its parks.

"In this era of unprecedented consumer choice, brands matter more than ever and our incredible portfolio of high-quality, in demand branded content uniquely positions us to strategically and successfully navigate this increasingly dynamic marketplace," said Iger, speaking during an earnings call.

"The assets we're buying fit perfectly with our plans to substantially grow our intellectual property portfolio and to bring our products to market in ways that consumers, as well as the creative community find extremely compelling."

For the quarter, Parks and Resorts revenue at Disney increased 6 per cent to US$5.19bn (€4.47bn, £4bn), with operating income up 15 per cent to US$1.3bn (€1.12bn, £1bn). These figures represent a new high for Disney in what is the operator's third quarter.
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NEWS
Fox acquisition offers new horizons for Disney, as operator enjoys record quarter for its parks
POSTED 08 Aug 2018 . BY Tom Anstey
The assets we're buying fit perfectly with our plans to substantially grow our intellectual property portfolio and to bring our products to market in ways that consumers, as well as the creative community find extremely compelling
– Bob Iger
Disney chief Bob Iger has said the company's acquisition of Fox will offer new compelling ways for it to bring its products to market, utilising newly-acquired intellectual property to create never-before seen products across its portfolio, including in its theme parks.

The US$71.3bn (€63bn, £56.6bn) acquisition of Fox, which has now been approved by Disney's shareholders, sees Disney gain a huge media library and the rights to the first Star Wars film and the film rights to the Fantastic Four and X-Men franchises – two IPs not obtained through its previous multi-billion-dollar acquisitions of Lucasfilm and Marvel.

The move is expected to have a significant impact on the theme park industry, with Disney likely planning to bring its new Fox IPs to its parks.

"In this era of unprecedented consumer choice, brands matter more than ever and our incredible portfolio of high-quality, in demand branded content uniquely positions us to strategically and successfully navigate this increasingly dynamic marketplace," said Iger, speaking during an earnings call.

"The assets we're buying fit perfectly with our plans to substantially grow our intellectual property portfolio and to bring our products to market in ways that consumers, as well as the creative community find extremely compelling."

For the quarter, Parks and Resorts revenue at Disney increased 6 per cent to US$5.19bn (€4.47bn, £4bn), with operating income up 15 per cent to US$1.3bn (€1.12bn, £1bn). These figures represent a new high for Disney in what is the operator's third quarter.
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Florida’s tallest launch coaster, Tigris, has now opened at Busch Gardens Tampa Bay, boasting a 150ft (45.7m) skyward surge and an inverted heartline roll, getting riders to speeds of more than 60mph (97kmph).
Italian Design Museum opens in Milan with expansion plans already in place
More than 1,500 objects previously exhibited in the Triennale di Milano have found a permanent home in Milan's newly-opened Italian Design Museum.
Vitali Klitschko holds talks with Europa Park about potential Kiev theme park destination
The former WBC heavyweight champion of the world, Vitali Klitschko – now mayor of Kiev, Ukraine – has held talks with bosses at German theme park Europa Park about the development of a potential theme park in the city he governs.
+ More news   
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Salary: Up to £24,000
Job location: Oxford, UK
Head of Cultural and Community Services
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Salary: Up to £65,000
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Attraction Operations Manager
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Salary: Competitive
Job location: Tempe, Arizona, USA
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Salary: Competitive
Job location: Sydney NSW, Australia
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Merlin Entertainments Group
Salary: Competitive
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Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

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