Breakingviews

from Viewsroom:

Viewsroom: Ultimate Fighting, Uber drivers and fintech

May 12, 2016

Mixed martial arts' premier promoter may be on the block for as much as $4 billion, putting it in some pricey company. Uber drivers, meanwhile, scored a win in New York, where the ride hailing service blessed their affiliation with a labor union that could help them negotiate better benefits. Finally, alternative lenders may face more regulation in the wake of a kerfuffle at Lending Club that cost the company's boss his job.

Comcast’s DreamWorks bid turns up heat on Disney

April 27, 2016

The media and cable firm may offer $3 bln for the maker of “Shrek” and other animated films. The small but significant addition could help CEO Brian Roberts’ company compete with the Mouse, which it tried to buy in 2004. It might also ease the pain of losing Time Warner Cable.

from Viewsroom:

Viewsroom: M&A overdose, Panama papers, Disney demise

April 8, 2016

The Pfizer-Allergan deal comes to a screeching halt, while a document dump exposes the elite's offshore tax finagling. Plus: An heir apparent loses the keys to the Magic Kingdom.

Disney awakens the financial power of the Force

December 15, 2015

The media conglomerate appeared to have fallen for a hokey religion when it paid $4 bln for Star Wars maker Lucasfilm. Now, as it prepares to unleash the first of six new movies, it could more than triple its money. Even Jabba the Hutt would be happy with that payoff.

Disney could use Time Warner cord-cutting tips

August 5, 2015

The entertainment giant insists on selling cable shows in a bundle, despite losses at ESPN attributable to growing viewer preference for buying à la carte. Time Warner is benefiting from the trend, offering HBO separately. A business built on TV’s status quo looks like fantasy.

Wall Street can relate to Hollywood underdog tale

March 26, 2012

A smash debut for “The Hunger Games” makes Lions Gate the studio equivalent of a boutique bank landing the year’s biggest deal. And Disney’s $200 mln loss on “John Carter” raises questions about Tinseltown’s bulge bracket. Indies in both industries are fighting for the spotlight.

Comcast deal extends content’s precarious reign

July 11, 2012

Feuds between U.S. TV program creators and distributors are as ugly as the one in “Hatfields & McCoys.” So the $19 bln valuation implied by Comcast’s sale of a stake in the hit show’s parent company A&E is impressive. But fee fights like DirecTV and Viacom’s are the future.

Disney puts faith and $4 bln in power of the Force

October 31, 2012

That’s what CEO Bob Iger is paying for Lucasfilm - his latest attempt to purchase the creativity that Disney can’t seem to cultivate in-house. Like Marvel and Pixar, Lucasfilm’s returns remain on the dark side. But making at least three more Star Wars films may win over skeptics.

Disney chief’s unlikely fairy godfather: Murdoch

November 21, 2012

With News Corp snapping up a piece of the Yankees TV network, Bob Iger’s battle with Rupert Murdoch is becoming more intense. But News Corp’s rich price for the deal implies a punchy valuation for Disney’s much-coveted ESPN. That could make the whole Magic Kingdom worth more.

Disney magic hasn’t exactly worked on Pixar

August 5, 2013

“Monsters University” should enhance the company’s latest earnings, but a Breakingviews analysis suggests the animation studio’s value falls short of the $7.4 bln Disney boss Bob Iger paid in 2006. Pricey deals for Marvel and Lucasfilm may also disappoint investors over time.