Disney has officially completed its acquisition of 21st Century Fox, one of the biggest entertainment deals in history.
The $71 billion deal puts Disney in control of Fox’s movie and TV studios, the FX networks, National Geographic, and India’s Star India station. It also puts Disney is its strongest position yet to challenge the might of Netflix — along with whatever streaming service Apple comes up with.
RBC Capital analyst Amit Daryanani has a suggestion for how Apple could spend its cash stockpile, while also growing its presence in media: buy the Walt Disney Company.
“There are plenty of factors to consider,” Daryanani wrote in a note to investors, “but such a deal would create a tech/media juggernaut like no other and instantly scale AAPL’s services, content, and media portfolio, which would make the case for a higher valuation.”
Eddy Cue is among a list of high-profile speakers that will feature at this year’s New Establishment Summit held by Vanity Fair. Walter Isaacson, author of Steve Jobs’ biography, is also in the lineup, alongside Amazon CEO Jeff Bezos and Apple board member Bob Iger.
There was more to Walt Disney than Mickey Mouse. He was an obsessive futurist who used his theme parks to stage ideas of what a world filled with cutting-edge technology and the fruits of scientific ambition might look like.
The upcoming movie Tomorrowland is not only a nod to Disney, it re-imagines his vision with the full 21st-century CGI treatment of a world with robots, flying cars and towers reaching into the clouds.
Disneyland is about to celebrate its 60th anniversary on July 17th, but before Walt’s playground become one of the world’s most popular tourist attractions, it was just an ugly patch of dirt outside L.A.
If you’ve ever visited Disneyland, it’s hard to imagine a time when the Matterhorn and Tower of Terror didn’t peak up above the Anaheim skyline while cruising up I-5, so Disney released a timelapse video of the park’s original construction that shows Disney’s Main Street popping up in the middle of nowhere.
Watch the full video below:
Remember Lodsys, the patent troll that began suing a bunch of indie iOS developers back in 2011 over their use of in-app purchases? Well, it’s back to do more trolling. The company has targeted another ten mobile game makers in its latest complaints, which it has been quietly filing in an East Texas court throughout 2013.
The studios named include Gameloft, Walt Disney, BackFlip Studios, and Gamevil.
Amazon has topped a poll for the best reputation among 14,000 U.S. consumers, narrowly beating Apple who was last year’s number one. The retail giant achieved an 82.62% positive reputation, according to research firm Harris Interactive, while Apple achieved 82.54%. Google nabbed fourth place with a vote of 81.32%.
Apple co-founder and former CEO Steve Jobs threatened Palm CEO Edward Colligan with patent litigation if he did not agree to stop poaching Apple employees, according to a court filing that was made public on Tuesday.
Confidential emails between the pair, along with documents from Adobe and Google, have surfaced in a civil lawsuit that claims a number of major companies in Silicon Valley violated antitrust rules by entering into agreements not to recruit each other’s employees. Five employees are now fighting for class action status and damages for lost wages as a result of the “no-hire” agreements.
Apple CEO Tim Cook must provide a deposition in a lawsuit that claims the Cupertino company, along with other major firms in Silicon Valley, violated antitrust rules by entering into an agreement not to recruit each other’s employees. Apple’s lawyer, George Riley, had objected to the order handed out by U.S. District Judge Lucy Koh in San Jose, California, on Thursday.
Just days after opening the App Store to 32 additional countries, Apple released a press release this morning to announce that the iTunes Store is also extending its reach to another nine countries in Asia today, including Hong Kong, Singapore, and Taiwan.
Apple’s new, iOS-driven Apple TV is largely selling itself to consumers as a box that will allow them to stream all of their favorite television shows for 99-cents a pop whenever they want, but that price point is facing some notable resistance from network executives, and may quickly inflate once the device begins shipping at the end of the month.
Although Apple has inked deals with News Corp’s Fox and Walt Disney’s ABC to make shows available for $0.99 when the Apple TV launches, NBC Universal chief Jeff Zucker does not intend on following suit, claiming that the price point was setting the bar too low.
“We do not think 99 cents is the right price point for our content. … We thought it would devalue our content,” Zucker said at a Goldman Sachs investor conference.
