InsideMobileApps InsideSocialGames 10,000 Words FishbowlNY FishbowlDC LostRemote TVNewser TVSpy AgencySpy PRNewser MediaJobsDaily UnBeige

Disney to Acquire Marvel Entertainment in $4 Billion Deal

disneylogo.jpgIn a deal that will rattle the very foundations of the comic book industry, the Walt Disney Company (NYSE:DIS) has struck a deal to acquire Marvel Entertainment, Inc. (NYSE:MVL).

The company press release valued the cash and stock transaction at $4 billion, based on stock prices on Friday. Disney now owns the rights to more than 5,000 Marvel characters, an nearly endless supply of spin-off possibilities. Hardboiled author and Marvel writer Duane Swierczynski proved this point on Twitter: “I want to write a Punisher/Jiminy Cricket team-up.”

Disney CEO Robert A. Iger had this statement, laying out the huge swath of imaginary territory now controlled by Disney: “This transaction combines Marvel’s strong global brand and world-renowned library of characters including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four and Thor with Disney’s creative skills, unparalleled global portfolio of entertainment properties, and a business structure that maximizes the value of creative properties across multiple platforms and territories.”

Mediabistro Course

Women's Magazine Writing

Women's Magazine WritingPitch and publish in women's magazines with the health director of Family Circle! Starting September 30, Lynya Floyd will teach you how to wow editors with stories they want and need for their publications. You'll learn how to workshop pitch letters to endure editors will read them, master the voice and tone of women's magazines, find sources, and connect with other writers in the industry. Register now!