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What's Next: Bob Iger Wins Fox: Comcast ...

Posted: Jul 19, 2018 5:39 PM
Updated: Jul 19, 2018 5:39 PM

What's Next: Bob Iger Wins Fox: Comcast has dropped its pursuit of 21st Century Fox, allowing Disney to proceed with its $71.3 billion takeover of Fox's entertainment assets. The deal will give Iger the most formidable content portfolio in Hollywood, from the Marvel Cinematic Universe and the X-Men to "Star Wars" and "The Simpsons," as well as majority ownership of Hulu.

But ... it does not bring an end to the war between Iger and Brian Roberts. Comcast says it will now focus on its pursuit of Sky Broadcasting, the major direct-to-consumer platform in Europe that Iger had hoped to acquire through his purchase of Fox.

The Big Questions:

- Can Disney now tower over Hollywood?

- Will Iger and the Murdochs cede Sky?

More below.

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Today's PACIFIC

Good morning. One week from tomorrow, Fox shareholders will gather at the New York Hilton in Manhattan to vote on Disney's takeover offer, which has already won approval from the Justice Department. ... Iger may be just days away from securing his prize.

Closer to Home: My boss Jeff Zucker has announced he will take a six week leave to undergo elective heart surgery to address a long-standing condition. "He assured everyone he is going to be just fine," my colleague Brian Stelter tweets. "All of us are wishing him a very speedy recovery." Amen.

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Iger's Empire: The Mouse and the Fox

"Holy crap." That was Bob Iger's response when he was informed by CNBC's David Faber that Comcast had decided to drop its pursuit of Fox.

The Big Picture: Disney may now be the only pure media player that can compete with both Netflix and the tech and telecom giants that are rapidly taking over Hollywood, simply because of its unparalleled content portfolio.

Disney will now be able to offer all this content through direct-to-consumer platforms it's launching on its own and the ones it will acquire through Fox: Hulu in the US, Hotstar in India and, possibly, Sky in Europe.

Hardest Hit: Netflix. Disney announced last year that it will pull out of Netflix by the end of this year, which means anyone who wants access to the aforementioned franchises will need to go through Disney.

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Consolation Prize: Who gets Sky?

Open question. Now that he's not chasing Fox, Brian Roberts can compete a lot more aggressively for the UK broadcaster.

Technically, Rupert Murdoch is the one bidding against him, but he is doing so on behalf of Iger, who will assume the ownership and the debt. Neither Disney nor Fox are commenting.

Make no mistake: Iger wants Sky. He's called it a "crown jewel" of the Fox assets, and it would give Disney instant direct-to-consumer relationships with 23 million subscribers across five European countries.

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The Art of Closing: Roberts, Iger play nice

Roberts: "I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company."

Iger: "Our incredible enthusiasm for this acquisition and the value it will create has continued to grow as we've come to know 21st Century Fox's stellar array of talent and assets. We're extremely pleased with today's news, and our focus now is on completing the regulatory process and ultimately moving toward integrating our businesses."

Real Talk: Iger and Roberts really don't like each other.

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David Zaslav re-ups at Discovery

"Discovery has extended Chief Executive David Zaslav's stock-rich employment contact through December 2023 ... Zaslav received compensation valued at $42.2 million last year - which was $6 million more than Walt Disney Chief Executive Bob Iger was paid to run a much larger company." (LAT)

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Thunder Road: Netflix lands Springsteen ... why not HBO?

Why didn't HBO land the rights to Bruce Springsteen's Broadway show?

Netflix did, and it will release it as a special this December. NYT's Michael Paulson reports that Springsteen "invited a private audience for two extra performances this week - one Tuesday and one Wednesday - while cameras recorded the event for the special," which will air December 15.

The Big Picture: Five years ago -- hell, three years ago -- this would have been on HBO. The now-WarnerMedia network ran a Springsteen documentary in 2010 and broadcasts the Rock and Roll Hall of Fame induction ceremony every year. It's right in their wheelhouse.

Maybe HBO didn't want it. But if it did, it would have needed to do three things to land it: Recognize the opportunity, establish the necessary relationships and pay the appropriate price. If WarnerMedia is serious about competing with Netflix, it needs to push HBO to do all three.

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New at Netflix

- A stand-up comedy channel on Sirius XM.

- A 'Midnight's Children' TV series from Salman Rushdie.

- A new French original starring Omar Sy.

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The Trust Crisis: The Dispassion of the Zuck

The Big Picture: Mark Zuckerberg sees his company's role in the world in clear terms, sources who work closely with him tell me:

- Facebook is a platform connecting people.

- People have a right to free speech.

- Once you start telling people what they can and can't say, you go down a slippery slope of censorship.

This dispassionate worldview does not do well in these very, very passionate times. So when Zuckerberg told Recode's Kara Swisher that Facebook would not take down a post denying the Holocaust, he brought his company back into an all-too-familiar spotlight.

What Zuckerberg told Swisher:

- "I'm Jewish, and there's a set of people who deny that the Holocaust happened. I find that deeply offensive. But at the end of the day, I don't believe that our platform should take that down because I think there are things that different people get wrong."

What Zuckerberg told Swisher later:

- "I enjoyed our conversation yesterday, but there's one thing I want to clear up. I personally find Holocaust denial deeply offensive, and I absolutely didn't intend to defend the intent of people who deny that."

- "Our goal with fake news is not to prevent anyone from saying something untrue -- but to stop fake news and misinformation spreading across our services. ... These issues are very challenging but I believe that often the best way to fight offensive bad speech is with good speech."

The zeitgeist is against Zuckerberg, and for good reason. Facebook is a publisher, and being a publisher means being responsible for your content. Facebook is also trying to convince the world that it is working to combat misinformation, and Holocaust denial is the creme de la creme of misinformation.

But he also has a point. If you start telling people that they're not allowed to express their belief in falsehoods, you open up a Pandora's Box of thought-policing that, counterintuitive as it may seem, works against the fundamental principles of a free civil society

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What Next: The Supreme Court of California has put the kibosh on that asinine plan to split up California.

See you tomorrow.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 549830

Reported Deaths: 7067
CountyCasesDeaths
Hennepin1145171675
Ramsey47380851
Dakota42007420
Anoka38065415
Washington24723273
Stearns20819218
St. Louis16620297
Scott15798117
Wright14643125
Olmsted1268297
Sherburne1046080
Carver970145
Clay777389
Rice7554101
Blue Earth690640
Kandiyohi623979
Crow Wing607986
Chisago543749
Otter Tail539373
Benton526097
Mower449532
Douglas438970
Goodhue438271
Winona437249
Nobles398748
Morrison391159
McLeod387854
Beltrami370557
Isanti370359
Itasca366052
Polk362467
Steele357714
Becker350248
Lyon346748
Carlton327052
Freeborn325029
Pine309221
Nicollet304142
Brown293139
Mille Lacs277350
Le Sueur268022
Todd267230
Cass247426
Meeker232737
Waseca229520
Martin211529
Wabasha19913
Roseau195518
Hubbard170541
Dodge17033
Renville169743
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Fillmore15149
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Chippewa144636
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Sibley134910
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Murray10209
Pope10146
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Wilkin76512
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Cook1440

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Data is updated nightly.

Cases: 356912

Reported Deaths: 5810
CountyCasesDeaths
Polk55819602
Linn20248329
Scott18949234
Black Hawk15517306
Woodbury14872220
Johnson1397781
Dubuque13115202
Dallas1087696
Pottawattamie10703162
Story1028547
Warren553586
Clinton536490
Cerro Gordo521186
Webster507991
Sioux505073
Marshall476874
Muscatine457896
Des Moines440665
Wapello4250120
Buena Vista421440
Jasper407670
Plymouth396779
Lee367755
Marion354375
Jones292955
Henry285937
Carroll279050
Bremer278960
Crawford262039
Boone257833
Benton249655
Washington249249
Dickinson240643
Mahaska224049
Jackson217842
Kossuth212362
Clay209825
Tama206571
Delaware202539
Winneshiek193933
Page190320
Buchanan188231
Cedar183423
Fayette182841
Wright180135
Hardin179242
Hamilton177949
Harrison175373
Clayton166655
Butler162434
Mills158020
Cherokee156738
Floyd155242
Lyon154341
Madison153519
Poweshiek152433
Allamakee149051
Iowa145324
Hancock143334
Winnebago135831
Grundy135032
Cass134354
Calhoun133111
Jefferson130535
Emmet128340
Shelby127337
Sac126819
Appanoose126647
Louisa126549
Mitchell125241
Union124032
Chickasaw122515
Humboldt118126
Guthrie117729
Franklin112521
Palo Alto110421
Howard102822
Montgomery100237
Unassigned10020
Clarke98023
Keokuk94430
Monroe93528
Ida89433
Adair84332
Pocahontas83321
Monona80930
Davis79924
Greene76410
Osceola75016
Lucas74922
Worth7078
Taylor65112
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Decatur5899
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