Early bird
tickets
available now!
Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13784)           
UK only International

Fox acquisition offers new horizons for Disney, as operator enjoys record quarter for its parks

By Tom Anstey    08 Aug 2018
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.

Disney's parks division will soon likely be gaining new Fox additions
Disney  Bob Iger  Fox  theme parks  IP  parks and resorts 
Sign up for FREE ezines
Related news

Company profile

Company profile: Spivi
Spivi is an immersive fitness gamification platform that helps gym operators to achieve better retention by utilizing existing wearables, equipment, and sensors in the club.
View full profile >
More company profiles

Featured Supplier

Developing tomorrow’s champions: BLK BOX and Cardiff Met’s Archers Performance Centre
The BLK BOX team is thrilled to unveil its design and construction work on the brand-new Cardiff Metropolitan University's Archers Performance Centre.
View full details >
More featured suppliers

Property & Tenders

Location: Jersey
Company: Jersey War Tunnels
Location: Chiswick, Gillingham, York and Nottingham
Company: Savills
Location: Cleveland Lakes, Wiltshire and Gloucestershire
Company: Cotswold Lakes Trust
Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
More properties & tenders

Diary dates

03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
20-22 Sep 2024
Locations worldwide,
More diary dates