Five years ago, Disney was on the verge of making a major acquisition. According to New York Times, Mickey’s firm was to take over the huge production company Warner Bros. Pictures as well as all its subsidiaries, film studios, streaming services (HBO), etc. In other words, Disney would have acquired the rights to Harry Potter, Marvel, DC Comics and many more.
In 2016, Disney was on the verge of absorbing one of the largest production companies in the world, la Warner Bros. Pictures. An agreement should have been signed between Mickey’s firm and the parent company of Marvel, HBO and DC Comics five years ago. Bob Iger – executive chairman and chairman of the board of the Walt Disney Company – reportedly made a proposal to Jeff Bewkes at the time. Obviously, this will never be successful.
Disney could have acquired the Warner Bros. five years ago
The Warner Bros. Pictures, a subsidiary of WarnerMedia and headquartered in New York, was created in 1923. With a estimated revenue of $ 13.8 billion in 2017, Warner owns the most popular franchises and films of the moment, such as Looney Tunes, Superman, Batman, Harry Potter, The Lord of the Rings and even Dragon Ball.
On the other hand, Harry Potter – along with the Fantastic Beasts Spin-offs – is the world’s third-largest film franchise, grossing $ 9 billion, well beyond James Bond.
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The acquisition attempt would have been initiated by Bob Iger in 2016. According to the New York Times, the current CEO of Disney would have contacted Jeff Bewkes, then director of Time Warner / WarnerMedia, to ask if the company would be interested in a merger. As the New York daily reports, Iger’s call is ” arrived too late Because Time Warner was already in the process of merging with AT&T.
Bob Iger would then have hung up before deciding to acquire a similar business. History will remind us that the Disney executive called Rupert Murdoch to buy 20th Century Studios instead, for 47 billion euros …
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