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Tag: National Geographic Channels

  • 21CF special meet on Disney merger issue on July 10

    21CF special meet on Disney merger issue on July 10

    NEW DELHI: Is the Disney-21st Century Fox merger a done deal? The twists and turns in real life probably match a Hollywood corporate thriller produced by the media company. Second suiter Comcast hasn’t yet given up even as the Rupert Murdoch family-promoted company said on Wednesday that on 10 July 2018 a special meeting has been scheduled for vote on the merger agreement with The Walt Disney Company.

    In a statement put out, 21CF said the special meeting of its stockholders would, among other things, “consider and vote” on a proposal to adopt the previously announced merger agreement with The Walt Disney Company and certain of its subsidiaries.

    21CF’s board of directors recommends that stockholders vote in favour of the proposal to adopt the Disney Merger Agreement and the other proposals to be voted on at the special meeting.

    Comcast in recent times has said that it’s preparing a new bid for 21CF to counter the Disney offer, which if okayed by both the companies’ shareholders and boards, and regulators, would go on to create a global behemoth straddling most streams of media and entertainment sectors. It would also decide the roadmap for India’s biggest (unlisted) media company, Star India.

    The official statement from the Murdoch company said: “21CF is aware of the press release of Comcast Corporation of 23 May 2018, in which Comcast states that ‘it is considering, and is in advanced stages of preparing, an offer for the businesses of Fox that Fox has agreed to sell to Disney’. Under the Disney Merger Agreement, if any event occurs that 21CF determines, after consultation with outside legal counsel, is reasonably likely to require under applicable law the filing or mailing of any supplemental or amended disclosure, 21CF may postpone or adjourn the special meeting of its stockholders to allow reasonable additional time for the filing, mailing, dissemination and review by its stockholders of any such disclosure prior to the special meeting.”

    21st Century Fox is one of the world’s leading portfolios of cable, broadcast, film, pay TV and satellite assets spanning six continents across the globe. Reaching more than 1.8 billion subscribers in approximately 50 local languages every day, 21st Century Fox is home to a global portfolio of cable and broadcasting networks and properties, including FOX, FX, FXX, FXM, FS1, Fox News Channel, Fox Business Network, FOX Sports, Fox Sports Network, National Geographic Channels, Star India, 28 local television stations in the U.S. and more than 350 international channels.

    The portfolio also includes film studio Twentieth Century Fox Film, television production studios Twentieth Century Fox Television, 50 per cent ownership interest in Endemol Shine Group, apart from approximately 39.1 per cent of the issued shares of Sky, Europe’s leading entertainment company, which serves nearly 23 million households across five countries.

    Also Read :

    With Star India, Disney emerges as India’s largest M&E firm

    Lachlan Murdoch to lead New Fox after Disney sale, James is out

    Uday Shankar becomes president of 21st Century Fox, Asia

    Disney expected to announce 21 CF buyout tomorrow: media reports

  • 21st Century Fox buys out Sky in USD 14.8-bn deal

    21st Century Fox buys out Sky in USD 14.8-bn deal

    MUMBAI: 21st Century Fox has stated that Sky had agreed to a takeover offer worth USD 14.8 billion as the media tycoon Rupert Murdoch attempts to create a global media giant stretch across the U.K., U.S, and Europe.

    21st Century Fox is one of the world’s largest entertainment companies, with a broad portfolio of broadcast, cable, pay TV, film, and satellite assets across six continents.

    Fox group said in a statement that it had reached an agreement with Sky plc on the terms of a recommended pre-conditional cash offer to buy the rest of the European pay broadcaster, beyond the 39 per cent it already owns. The deal is worth USD 14.8 billion (Rs 1004 billion) in total for the cash purchase, the statement said. The terms of the formal offer, Sky News stated, would mean Fox paying 10.75 pounds per Sky share, for the remainder 61% of Sky.

    The new deal will create an improved balance between affiliate fee, subscription, advertising and content revenues.

    Fox’ cable and broadcasting properties include include STAR India, Fox News Channel, Fox Business Network, FOX, National Geographic Channels, 28 television stations in the U.S and over 300 international channels.

  • 21st Century Fox buys out Sky in USD 14.8-bn deal

    21st Century Fox buys out Sky in USD 14.8-bn deal

    MUMBAI: 21st Century Fox has stated that Sky had agreed to a takeover offer worth USD 14.8 billion as the media tycoon Rupert Murdoch attempts to create a global media giant stretch across the U.K., U.S, and Europe.

    21st Century Fox is one of the world’s largest entertainment companies, with a broad portfolio of broadcast, cable, pay TV, film, and satellite assets across six continents.

    Fox group said in a statement that it had reached an agreement with Sky plc on the terms of a recommended pre-conditional cash offer to buy the rest of the European pay broadcaster, beyond the 39 per cent it already owns. The deal is worth USD 14.8 billion (Rs 1004 billion) in total for the cash purchase, the statement said. The terms of the formal offer, Sky News stated, would mean Fox paying 10.75 pounds per Sky share, for the remainder 61% of Sky.

    The new deal will create an improved balance between affiliate fee, subscription, advertising and content revenues.

    Fox’ cable and broadcasting properties include include STAR India, Fox News Channel, Fox Business Network, FOX, National Geographic Channels, 28 television stations in the U.S and over 300 international channels.

  • NGC prez Howard T Owens to step down in June

    NGC prez Howard T Owens to step down in June

    MUMBAI: The National Geographic Channels US president Howard T Owens has decided to move on from the network post June, 2014.

     

    Owens has been with NGC since late 2011. He was previously a longtime exec at Reveille and an agent at William Morris Agency. During his tenure at NGC he launched the franchise series Wicked Tuna, Brain Games and Ultimate Survival Alaska, among others, and led the move into event productions like SEAL Team Six and The ’80s: The Decade That Made Us. He also introduced original scripted programming to the channels for the first time. Owens also served as president of Nat Geo Wild.

     

    “Howard injected remarkable energy into the National Geographic Channels brand,” said NGC US CEO David Lyle in a press statement. “He has been an invaluable member of our leadership team and we wish him nothing but the best in his future business endeavors.”

     

    “We have truly benefited from Howard’s zeal for bringing audiences innovative programming that underscores the uniqueness and depth of the National Geographic Channels brand,” added Fox Networks Group chairman and CEO Peter Rice. “From a creative and programming perspective, Howard’s work consistently broke new ground, and National Geographic Channels are uniquely positioned for the future as a result of his efforts.”

     

    Owens stated: “As I get ready for my next adventure I can’t help but reflect on what has been an incredible experience for me, both personally and professionally. National Geographic Channels have some of the brightest minds in the television business, and I’m proud of the work we have accomplished together – specifically in defining the National Geographic Channels as a destination for innovative, original and brand-defining creativity. I am deeply grateful to Peter, David and the entire National Geographic family for their collaboration and support, and look forward to working with them in new ways in the future.”