Report
Neil Macker
EUR 100.00 For Business Accounts Only

Dominant cable networks and branded franchises give Disney pricing power.

On April 12, the UK Panel on Takeovers and Mergers ruled that Disney must offer to buy the 61% free float of Sky’s shares at GBX 875 per share if it succeeds in its acquisition of the agreed assets it is buying from Fox, and neither has Fox already bought in the shares of Sky it doesn’t already own, nor has Comcast acquired more than 50% of Sky’s shares. We find the ruling a bit strange unless this is a precursor to rejecting Fox’s bid to acquire the Sky shares and stating it won’t require Disne...
Underlying
Walt Disney Company

Walt Disney is an entertainment company. The company's segments are: Media Networks, which includes domestic cable networks, broadcast television network and domestic television stations, and television production and distribution; Parks, Experiences and Products, which includes theme parks and resorts, and consumer products operations; Studio Entertainment, which includes motion picture production and distribution, music production and distribution, and post-production services; and Direct-to-Consumer and International, which includes international television networks and channels, direct-to-consumer streaming services, and other digital content distribution platforms and services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Neil Macker

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