 |
|
|
 |
08 Aug 2018
Fox acquisition offers new horizons for Disney, as operator enjoys record quarter for its parks
BY
Tom Anstey
|
Disney's parks division will soon likely be gaining new Fox additions
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.
 |
|
|
|
|
|
|
|
|
|
Connect with
World Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
| News headlines |
|
|
 |
 |
|
23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection.
.... more>> |
|
|
|
 |
|
23 Apr 2024
With the launch of its 49th John Reed, RSG Group is looking for more opportunities for its high-end brand in the US and Europe. Cosmopolitan cities
.... more>> |
|
|
|
 |
|
23 Apr 2024
PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans to develop 200 new clubs in the next three to four years.
.... more>> |
|
|
|
 |
|
23 Apr 2024
The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East. Bathed in
.... more>> |
|
|
|
|
|
 |
|
| Company profile |
|
Technogym UK Ltd
Technogym offers a complete ecosystem of connected smart equipment, digital services, on-demand training experiences and apps that allow every single end-user to access a completely personalized training experience anytime and anywhere
View full profile>> |
|
| Catalogue gallery |
|
|
| Featured Supplier |
|
 |
|
|
|
in this issue
• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources
|
|
|
|
|
|
|
 |
| World Leisure jobs |
 |
Party Leader
Salary: Competitive
Location: Gainsborough
Company: Everyone Active
|
|
|
|
|
|
| Diary dates |
|
| Powered
by leisurediary.com |
 |
|
|
|
|
