Angry Web

Marvel previewed their upcoming June comic series, “Heralds”, on G4 this week which tells the tale of the hotties of Marvel and even a new character which has yet to be discussed much. Here is a clip from the show:

Huge news here – Disney has acquired Marvel Entertainment for a whopping $4 billion!  The agreement not only gives the studio the rights to over Marvel’s 5,000+ characters, but control over its licensing, publishing, and film production capabilities.  This will be one of the largest acquisitions in Disney’s history following its 2006 acquisition of Pixar for $7.4 billion.

Well, we can surely say that this will definitely bring a massive shockwave to the entertainment industry in the coming years ahead.  While it’s been announced that the deals for movies on characters from Marvel (Spiderman, X-Men, Iron Man, etc.) will stay in place under the terms set by Marvel, Disney does intend to self-distribute down the line.

Check out the press release:

Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company has agreed to acquire Marvel Entertainment, Inc. in a stock and cash transaction, the companies announced today.

Under the terms of the agreement and based on the closing price of Disney on August 28, 2009, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration.

Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion.

“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,” said Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company. “Ike Perlmutter and his team have done an impressive job of nurturing these properties and have created significant value. We are pleased to bring this talent and these great assets to Disney.”

“We believe that adding Marvel to Disney’s unique portfolio of brands provides significant opportunities for long-term growth and value creation,” Iger said.

“Disney is the perfect home for Marvel’s fantastic library of characters given its proven ability to expand content creation and licensing businesses,” said Ike Perlmutter, Marvel’s Chief Executive Officer. “This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney’s tremendous global organization and infrastructure around the world.”

Under the deal, Disney will acquire ownership of Marvel including its more than 5,000 Marvel characters. Mr. Perlmutter will oversee the Marvel properties, and will work directly with Disney’s global lines of business to build and further integrate Marvel’s properties.

The Boards of Directors of Disney and Marvel have each approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, effectiveness of a registration statement with respect to Disney shares issued in the transaction and other customary closing conditions. The agreement will require the approval of Marvel shareholders. Marvel was advised on the transaction by BofA Merrill Lynch.

This comic, entitled “Case of the Mondays”, examines how much coffee is so awesome!

This comic, entitled “Relationship at a Crossroads”, delves into the psycho-dynamics of a married couple struggling to keep their passion alive after being with each other for so many years, raising the question, “How can we work together to ensure that our love remains strong with mutual respect?”.  Also, the wife’s a whore.

We’ll be updating this post as we take more photographs of the event. Stay tuned.