Walt Disney's $4 billion offer for Marvel Entertainment would give it more than 5,000 comic book characters, including such mighty heroes as Iron Man, Spider-Man, and the Fantastic Four. Disney's Bob Iger told CNBC that the expanded roster will help bring more boys to the home of the Magic Kingdom, where Snow White, Cinderella and the Little Mermaid have long reigned supreme.
Media moguls and executives at Sun Valley spend a lot of time talking about how to best prepare for the challenges of Web and mobile disruption in the 21st Century.
******We sprinkled updates into this blog. We’re highlighting them like this.******Thanks to TechCrunch, U.S. tech reporters are about to spend another weekend working instead of playing. UPDATE: Or maybe Kara Swisher at All Things D will save them!******Two sources told proprietor Michael Arrington that Google “is in late stage negotiations to acquire Twitter.” He wrote:***
We don’t know the price but can assume its well, well north of the $250 million valuation that they saw in their recent funding.
Guess where the paparazzi are training their lenses these days? For those of you who missed it, The New York Times writes that gossip rags have all but abandoned Britney Spears for the thrill of capturing corporate excesses on camera. From the paper:
******Current valuations for media companies must have opened up some opportunities for dealmaking, right? It’s hard to argue that things aren’t getting cheap.******Well, two of the industry’s top dogs, Viacom CEO Philippe Dauman and Time Warner CEO Jeff Bewkes, seem to have differing views on whether the media meltdown makes for a good time to wheel and deal. Both were asked about it during presentations at the Deutsche Bank Annual Media & Telecommunications Conference.******Dauman said Viacom, owner of MTV and Paramount, wants to focus on internal growth, mentioning Nickelodeon’s international expansion and the Colors television channel in India. “I continue to believe that we are better off investing in growing our own brands than spending significant money on acquisitions,” he said “I don’t see our using huge dollars to make an acquisition anytime soon.”******Bewkes left the door slightly more ajar. He said a lot of the assets or companies out there — “you can fill in the usual suspects” — have previously been way overpriced. “Up ’til now, those things have been around at prices that just don’t provide a return,” he said.******Deals may now make more sense. “We have room for acquisitions if there are real opportunities out there that don’t represent stupid prices or acquisitions risks,” he said when asked if they were on the prowl.******Time Warner, of course, knows a thing of two about stupid prices and acquisition risks.******Speaking of which… Not surprisingly, Bewkes was asked about AOL. He provided fairly stock answers, saying he was disappointed in ad sales and would still consider a deal for the troubled web business. “We always remain open for scale combinations that put any of our businesses in a better position,” he said. “We remain open to that.”******(Photo: Reuters)
Far be it for us to be the umpteenth person to assail Wired editor Chris Anderson’s much quoted and yet much maligned book, The Long Tail, but Time Warner would rather keep churning out more “Dark Knights” and “Harry Potters” than fiddling down its long tail, thank you very much
Christmas was good to Hollywood.
The top holiday movie, “Marley & Me,” sold an estimated $37 million worth of tickets during the traditional three-day weekend beginning on Friday, and overall Christmas Day sales reached $75 million, up about $10 million from last year.