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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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New York flagship announced for Museum of Ice Cream as operator plans international expansion
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Kings Dominion unveils new water attractions for 2020
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David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
+ More profiles  
FEATURED SUPPLIER

EAS rebrands to IAAPA Expo Europe ahead of 2019 show in Paris
The Euro Attractions Show has been rebranded as the IAAPA Expo Europe ahead of this year's event at the Paris Expo Porte de Versailles exhibition centre. [more...]
VIDEO GALLERY

Red Raion: Meet the Team - Introduction
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Red Raion Showreel 2018 – Red Raion
Introducing AnimaChat! – Animalive
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

16-19 Sep 2019

IAAPA Expo Europe 2019

Paris Expo Porte de Versailles, Paris, France
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ASTC 2019 Annual Conference

Ontario Science Centre, Toronto, Canada
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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