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Posts Tagged ‘Monday Night Football’

Morning Media Newsfeed: SoftBank Eyes DWA Purchase | Marvel Settles With Kirby Estate

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DreamWorks Animation in Sale Talks With Japan’s SoftBank (THR)
Japanese conglomerate SoftBank is in talks to acquire DreamWorks Animation in a deal that would value the company at $3.4 billion, according to a source with knowledge of the situation. NYT SoftBank reportedly offered $32 a share for the boutique studio DreamWorks Animation, a 45 percent premium over the share price. That would value it at $3.4 billion. A DreamWorks Animation spokeswoman, Allison Rawlings, on Saturday night said, “We don’t comment on rumor and speculation.” Re/code / Reuters An acquisition of DreamWorks by SoftBank would make the Hollywood studio that created Shrek part of a the communications and media company that, under founder and CEO Masayoshi Son, has shown a willingness to take big bets on combining seemingly unrelated businesses. Two weeks ago, SoftBank booked a $4.6 billion gain on the share listing of Alibaba Group in New York. SoftBank retains a 32 percent stake in the Chinese e-commerce company, making it Alibaba’s biggest shareholder. Deadline Hollywood DreamWorks’ balance sheet had weakened in Q2 with $400 million in debt and $32 million in cash vs. Q2 2011, when it had no debt and $116 million in cash. DreamWorks also disclosed in July that its next two films – The Penguins Of Madagascar and Home – were costing them approximately $10 million more than planned: $135 million not including incentive-based compensation. Variety However, DreamWorks has scored considerably with its fruitful acquisition of AwesomenessTV, a digital network targeting a young online audience — that and its relationship with Netflix likely helped attract the attention of SoftBank. DreamWorks Animation has operated as a publicly traded company since 2004.

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Morning Media Newsfeed: Shareholders OK DirecTV Sale | FAA Allows Drones for Film

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DirecTV Shareholders Approve $48.5 Billion Sale to AT&T (THR)
At a special meeting in New York on Thursday, DirecTV shareholders gave the company the go-ahead to sell its satellite business to AT&T in a deal valued at $48.5 billion. Reuters The deal, currently under review by U.S. and international regulators, was approved by 99 percent of votes cast, the company said in a statement. The votes cast represent 77 percent of shares outstanding. Bloomberg DirecTV CEO Mike White reiterated Thursday that he expects to reach a deal by the end of the year with the NFL over rights to air the Sunday Ticket package — an important milestone as the AT&T transaction is contingent on that contract being extended. WSJ The deal comes as the communications landscape transforms with people relying more on Internet-connected devices for entertainment and media consumption. Earlier this year, Comcast Corp. agreed to buy Time Warner Cable for $45 billion. The companies agreed to the merger after considering a deal for a few years. It is AT&T’s biggest acquisition since its $85 billion deal to buy BellSouth in 2006. The Hill Along with Comcast’s planned acquisition of Time Warner Cable, the AT&T-DirecTV merger is the second major media deal before federal regulators this year. AT&T’s purchase of DirecTV has raised less opposition than the Comcast-Time Warner Cable deal, though some critics on the left have raised concerns that it represents a growing consolidation of major media companies. The two media companies have said that their merger is a matter of marketplace necessity.

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Monday Night Football Targets Latino Community

With another exciting weekend of football right around the corner, I had to share this great new Monday Night Football commercial that targets the Latino community.

When the NFL returns to Los Angeles, it should use this commercial as an example on how to attract a wide and diverse fanbase.