Disney ups Jetix chunk

Disney has acquired the outstanding shares of Jetix Europe.
Author:
Publish date:
Social count:
0
5_Pocoyo.jpg

The purchase of the 11 per cent share brings Disney's ownership of the pan-European kids entertainment company to approximately 96 per cent.

Following completion of the deal at the end of the year, Disney intends to obtain ownership of 100 per cent of the shares in Jetix, including through statutory buy-out proceedings. In addition, Disney and Jetix intend to seek termination of Jetix's listing on Euronext Amsterdam.

The acquisition will position Disney to better serve its large and growing Jetix audience and distribution partners through improved programming, more targeted branding, more integrated management and implementation of company-wide synergies.

“Television continues to be a strong brand builder for Disney around the world and this investment enhances our efforts to reach kids and families,” said Anne Sweeney, co-chair, Disney Media Networks and president, Disney-ABC Television Group.

“By achieving operating efficiencies, we will have additional opportunities to create more family-friendly programming and locally-produced content across Europe.”

Related

5_Pocoyo.jpg

Disney up in Q2

Disney?s second quarter results show an increase in both profit and turnover. Disney said net income was $1.13 billion, or 58 c

5_Pocoyo.jpg

Disney dips in Q1

Disney's president says the firm will be reducing costs after first quarter results saw group turnover and profit both fall.

Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.

Liberty

UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.