SenjutsuSage
Banned
They seem to be claiming an outright buy is possible. Was late, I saw it, and I'm not exactly aware of the site's reputation, but it seemed interesting because we know Disney is serious about owning Spider-Man if at all possible.
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Disney about to purchase all of Sony for Spider-Man rights?
- Thread starter SenjutsuSage
- Start date
They seem to be claiming an outright buy is possible. Was late, I saw it, and I'm not exactly aware of the site's reputation, but it seemed interesting because we know Disney is serious about owning Spider-Man if at all possible.
Xenon
Member
I can see Sony wanting to offload Sony Pictures. When you consider the current situation with films and theaters right now, Spider man would be the carrot to off load the entire package for a good price. Disney would not only get Spider Man but they would get more content for Disney+.
TheMay30thMan
Member
It would be easier to just buy Spider-Man lol
BattleScar
Member
Oh I know. There's no way Disney could afford Sony.
RoboFu
One of the green rats
Disney's net worth is almost at 150 billion. they are only in long term debt around 50 billion and have already post a 4 billion profit in their parks alone for this year. Streaming, and movies have yet to be counted.
According to the Walt Disney's most recent financial statement as reported on February 11, 2021, total debt is at $58.27 billion, with $52.88 billion in long-term debt and $5.40 billion in current debt. Adjusting for $17.07 billion in cash-equivalents, the company has a net debt of $41.21 billion
Sony's net worth is around 55 billion. According to the Sony Group's most recent financial statement as reported on June 22, 2021, total debt is at $2.09 trillion, with $773.29 billion in long-term debt and $1.32 trillion in current debt.
not the same ...
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V1LÆM
Gold Member
lmfao the sony bois are out in force here i see.
sony wish they could afford even just half of disney. disney could easily buy sony out and end them. i'd fucking laugh so hard if the end of sony came cause The Mouse wanted spidyman rights.
fun fact: for comparison, MS could buy both Disney + Sony without breaking a sweat:
sony = $121,000,000,000
disney = $316,000,000,000
MS = $2,187,000,000,000
sony wish they could afford even just half of disney. disney could easily buy sony out and end them. i'd fucking laugh so hard if the end of sony came cause The Mouse wanted spidyman rights.
fun fact: for comparison, MS could buy both Disney + Sony without breaking a sweat:
sony = $121,000,000,000
disney = $316,000,000,000
MS = $2,187,000,000,000
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Bo_Hazem
Banned
Exclusive: Disney Considering Buyout Of Sony For Spider-Man Characters
We've exclusively learned that Disney is considering a major move to finally get the Spider-Man character rights from Sony.www.giantfreakinrobot.com
Holy shit if that happens. It would mean Disney owns Playstation. Which would make things highly interesting.
Sony is too big to be bought from a struggling company like Disney that is suffocating from debts. If anything it's most likely that Sony would buyout Disney as a whole.
Also the website sounds like garbage source.
Bo_Hazem
Banned
Sony is protected by the Japanese government, same with most of Japanese major companies. So it's not happening.
Bryank75
Banned
You're using Yen figures.... Sony only has 9 billion of longterm debt..
How could ANY company have a trillion or more of debt???? Think about that!
Faithless83
Banned
Up Next: Microsoft will buy Nintendo to have a Samus cameo on Halo Infinite.
That's not how market cap works
Market capital is the value of all outstanding shares of a company, no ms does have enough cash on to theoretically buy out sony, it would either require approval of the majority of sonys shareholders and not cause a spike in value with that buyout offer (it would)
The second option is a hostile take over in which ms would try to jus buy a majority of sonys ownership by just acquiring shares, this would again cause the value to spike
And both these scenarios would see government oversight , so it's a non starter as the Japanese government would never allow it
Also quick edit just for fun everyone please remember sony paid 7 million dollars for the rights to spiderman movies
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TGO
Hype Train conductor. Works harder than it steams.
Yeah I finally read the article, the writer doesn't know what they're talking about.
And it's GFR, nothing but BS rumors come from them.
ButchCat
Member
The last of us prt 2 didn't do it for you?
S0ULZB0URNE
Gold Member
Such a fanboy that you had to throw a irrelevant MS comparison in eh?
Warnen
Don't pass gaas, it is your Destiny!
When I saw the headline I assumed they meant Sony Pictures, not PlayStation. Don’t get why it’s in the gaming section as well. Sony is already trying to sell off Bond (there only other big ticket franchise). If they have to sell spider man back to keep the lights on might as well let it all go and get some more monies.
V1LÆM
Gold Member
i don't own an xbox tho. nice try.
TGO
Hype Train conductor. Works harder than it steams.
And thinks MS can spend $437,000,000,000 no sweat!
Must think MS can go to a ATM and see $2,187,000,000,000 easily available to withdraw at anytime
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Bryank75
Banned
They never owned Bond, just had a deal to publish and distribute.
Amazon owns MGM now, who have half of Bonds rights.... the other half belong to the Estate of Broccoli and are under direction of Barbera Broccoli. The rights are complicated.
S0ULZB0URNE
Gold Member
Doesn't stop you from being a fanboy.
BattleScar
Member
What in the...?
SenjutsuSage
Banned
Sony is too big to be bought from a struggling company like Disney that is suffocating from debts. If anything it's most likely that Sony would buyout Disney as a whole.
Also the website sounds like garbage source.
I'm not married to the source. I just saw it and posted it lol. If the source is trash then it's trash.
SoloKingRobert
Banned
BattleScar
Member
You should apply a little common sense before posting a thread like this though. Even a cursory understanding of business financials would have this headline triggering alarm bells.
If it was late and you were tired or whatever, it can wait till the next day.
Konnor
Member
He probably googled it and found the debt in yen
Sony is considered part of that infrastructure
Reptars Revenge
Member
lol they have always been considering it as well as getting universal's share of theme park rights but with a perpetual contract so in favor of Sony and universal the price would have to be astronomical.
onesvenus
Member
Don't stock exchanges happen from time to time? I don't know anything about finances but I seem to recall that in some mergers they do some exchange changes in addition to a small amount of money
You don’t need enough cash/market cap to buy a company. Smaller companies buy larger companies in M&A all the time (even if less common than vice versa).
The purchaser only needs an underwriting investment bank to fund the purchase. The purchase loan is often secured by the target company’s assets.
The purchaser only needs an underwriting investment bank to fund the purchase. The purchase loan is often secured by the target company’s assets.
SenjutsuSage
Banned
Why would I apply common sense to a board where 90% of the time more than 90% of the people don't utilize common sense? I'm just fitting in.
thicc_girls_are_teh_best
Member
NGL, in my personal opinion this could actually be HORRIBLE for Sony if they let it happen. Disney is in a shitton of debt last I checked, and the parks haven't been at their best of late (though they've slowly started turning that around). Disney has had to borrow loans repeatedly due to overspending on the Fox acquisition, and let's just say some of the "choices" they've been making with various properties these days (including pretty much sullying Star Wars) haven't gone over well with a lot of fans.
On the other hand, it could be immensely beneficial for them to build off of some of Sony's IP. Games like Rachet & Clank could actually get a good animated adaptation with Pixar maybe giving it a shot. Speaking of, there'd be a lot of 3D design and animation talent studios like Pixar and some of Sony's teams could share (though doing film animation is a different ballpark than game animation, from what I've seen been said). Getting certain Sony studios to make games based on Disney properties would probably ensure guaranteed critical and commercial hits, too.
But, it just feels like a deal that'd benefit Disney a lot more at this point in time over Sony, IMO. I also wonder if it would complicate Sony's deal with Netflix. Finally, this actually COULD be veering into a monopolistic situation; Disney has already been accused of abusing power with theaters over the years to favor Disney's films over competitors, now they'll get to do that with Fox AND Sony Pictures movies, as well? There aren't too many major film studios in the industry and I think with this acquisition Disney would have over 50% of the market, which would be grounds for potential lawsuits. Only way to avoid it would be to spin off Sony Pictures into its own entity, but then that negates one of the chief reasons of Disney making the deal (to get Spider-Man film rights for the MCU). This is already on top of Sony possibly having too much flex with anime distribution in the West thanks to owning Funimation and now Crunchyroll.
What I'm saying is, if Disney does acquire Sony (which I dunno will happen; how credible is this rumor and its source btw?), depending on the particulars of the deal it could open up legitimate grounds of talks regarding corporate consolidations, anti-competitive practices, monopolies etc., at least regarding the film side of things. It's gonna be interesting to see if anything of substance comes from this rumor, but I have my doubts.
EDIT: A lot of people keep saying "Japan wouldn't allow this", and while in probably any other instance I'd say they are wrong (it's not like foreign companies HAVEN'T purchased Japanese companies before; Microsoft basically did so recently getting Tango Gameworks through the Zenimax purchase), in THIS case, I think they are actually correct.
The reason being that while as a gaming-only entity there's grounds to debate if Sony would be considered a "protected industry entity" (I mean, their PS performance in Japan has been declining every gen and that looks to continue with PS5), Sony is still an electronics juggernaut, and they're also involved in the financing field. Pretty sure they also have involvement in providing products and equipment to network studios, production firms, government bodies, medical fields etc. within Japan, even if PlayStation as a corporation now exists in California.
Which, actually makes me wonder if an acquisition of PlayStation specifically would be exempt from the "Japan wouldn't allow this" rule, since it's now considered an American corporation (though I'm sure Sony Japan still owns all or the majority of it), but Sony as a whole? No, I think they are too involved in other sectors of Japanese economy and would fall under a protected status from being purchased from a foreign corporation.
On the other hand, it could be immensely beneficial for them to build off of some of Sony's IP. Games like Rachet & Clank could actually get a good animated adaptation with Pixar maybe giving it a shot. Speaking of, there'd be a lot of 3D design and animation talent studios like Pixar and some of Sony's teams could share (though doing film animation is a different ballpark than game animation, from what I've seen been said). Getting certain Sony studios to make games based on Disney properties would probably ensure guaranteed critical and commercial hits, too.
But, it just feels like a deal that'd benefit Disney a lot more at this point in time over Sony, IMO. I also wonder if it would complicate Sony's deal with Netflix. Finally, this actually COULD be veering into a monopolistic situation; Disney has already been accused of abusing power with theaters over the years to favor Disney's films over competitors, now they'll get to do that with Fox AND Sony Pictures movies, as well? There aren't too many major film studios in the industry and I think with this acquisition Disney would have over 50% of the market, which would be grounds for potential lawsuits. Only way to avoid it would be to spin off Sony Pictures into its own entity, but then that negates one of the chief reasons of Disney making the deal (to get Spider-Man film rights for the MCU). This is already on top of Sony possibly having too much flex with anime distribution in the West thanks to owning Funimation and now Crunchyroll.
What I'm saying is, if Disney does acquire Sony (which I dunno will happen; how credible is this rumor and its source btw?), depending on the particulars of the deal it could open up legitimate grounds of talks regarding corporate consolidations, anti-competitive practices, monopolies etc., at least regarding the film side of things. It's gonna be interesting to see if anything of substance comes from this rumor, but I have my doubts.
EDIT: A lot of people keep saying "Japan wouldn't allow this", and while in probably any other instance I'd say they are wrong (it's not like foreign companies HAVEN'T purchased Japanese companies before; Microsoft basically did so recently getting Tango Gameworks through the Zenimax purchase), in THIS case, I think they are actually correct.
The reason being that while as a gaming-only entity there's grounds to debate if Sony would be considered a "protected industry entity" (I mean, their PS performance in Japan has been declining every gen and that looks to continue with PS5), Sony is still an electronics juggernaut, and they're also involved in the financing field. Pretty sure they also have involvement in providing products and equipment to network studios, production firms, government bodies, medical fields etc. within Japan, even if PlayStation as a corporation now exists in California.
Which, actually makes me wonder if an acquisition of PlayStation specifically would be exempt from the "Japan wouldn't allow this" rule, since it's now considered an American corporation (though I'm sure Sony Japan still owns all or the majority of it), but Sony as a whole? No, I think they are too involved in other sectors of Japanese economy and would fall under a protected status from being purchased from a foreign corporation.
thicc_girls_are_teh_best
Member
This is true; Disney didn't buy Fox with 100% of their own money IIRC, they got a lot of it from an investment bank or two. The reason that's the less preferable way to do these though is because those banks obviously expect a return of loan with interest attached.
GeorgioCostanzaX
Gold Member
Closest you could expect is Sony Pictures which hasn’t been a box office powerhouse in years but lately is probably just fine by focusing on making content for Neflix and networks to buy. As someone who worked at Disney when they dismantled all in house game development a total Sony buyout including Playstation would be a disaster for gaming. Film and TV no issues.
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Unknown?
Member
Bet you use shitty Windows though.
yurinka
Member
Sony is a Japanese company, and PlayStation is a Sony brand, so PlayStation is Japanese brand independently of where the main office of the division that handles that brand is located. As a global corporation, they have a shit ton of offices spread around the world. In any case, the article said Disney wanted to buy Sony, not PlayStation, because they wanted to get the rights of the Spider-Man movies. If they wanted to buy the division who has the Spider-Man rights they would buy Sony Pictures, not PlayStation.
In any case, Japan protects their strategical companies, in this case huge technological companies like Sony or Nintendo. Not Tango because it was a small studio. So no, it won't happen. Even if Sony would want to sell the company (not the case, they don't have any reason to sell the company, Sony Pictures or PlayStation) and if Disney was able to pay enough for it (they don't have enough money and have a lot of debt), the Japanese government wouldn't allow it.
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Bryank75
Banned
They can issue new stock but it may devalue the outstanding stock...they can't reclaim outstanding stock, they have to offer a 'repurchase' and that usually gives a premium to the seller.
PaintTinJr
Member
Given the way Disney could probably use Spider-man as a 1 film multiplier for new films across their existing Ensemble of Avengers, his worth to them is probably equal or more than what they can earn from SW films/series - given the way they trashed Lucas' legacy for movies - so if each were allowed to retain rights - like Sony for Spider-man games, and Disney for SW merchandise/theme park attractions and any Sony SW films/series being timed exclusive to Disney+ - maybe a trade or long term swap would work for SW and Spider-man.
Sony would make far better movies for SW than Disney - and legitimately let the world know that 7-9 aren't SW anymore - and Sony's ties with Epic for Unreal and the Sony camera and Atomview technology UE used on the Mandalorian would save Disney money, and would also align to PlayStation's use of cinema grade cgi models in UE5 powered games, which PlayStation would exploit much better than Disney managed with SW, selling the rights to EA.
Sony would make far better movies for SW than Disney - and legitimately let the world know that 7-9 aren't SW anymore - and Sony's ties with Epic for Unreal and the Sony camera and Atomview technology UE used on the Mandalorian would save Disney money, and would also align to PlayStation's use of cinema grade cgi models in UE5 powered games, which PlayStation would exploit much better than Disney managed with SW, selling the rights to EA.
AnotherDayAnotherDollar
Banned
Sony's Music division is significantly more successful than their Pictures (including TV) division.
That said, yes this site is not reliable and every now and again this rumor comes up. It's all hearsay.
This much I know:
- Sony will NOT sell the Spider-Man rights they own unless they are leaving the Pictures/TV business altogether (which I think they should since it's the lowest ROI division they have by far, and has been for awhile).
- Disney's leverage ratio is still historically high (though Wall Street is okay, and will be okay for the foreseeable future, with them having high ratio due to Disney+ and streaming). They also have a lot of financial expenses coming their way soon. They have to pay the NHL 350MM by the end of Sept. Possibly, probably have to pay MLB 800MM+ by the end of 2022. Probably 5.8B (likely 9-15B) to Comcast by 2024 (likely earlier due to current arbitration).
- Disney COULD add more debt if so required. They would not want to buy all of SPE, but could buy it and divest non core franchises (i.e. selling them to AMZN, NFLX, etc). Or even lead a conglomerate of interested companies to buy SPE and split off the franchises/library/production facilities/etc
- The current anime push from Sony leads me to believe they want to stay in some capacity on pictures/movies distribution. Or at the very least in the Anime space where they are having close to a distribution monopoly in the west.
Again though this site is not reliable. I would take it with a huge grain of salt.
EverydayBeast
ChatGPT 0.1
Doesn’t matter who “owns” a super hero, the publisher, studio etc. hardly has any presence, a movie or game comes down to talent no one here is wondering if the next spider man will have a Disney or Sony logo on it cmon man.
Dlacy13g
Member
.... Reading is fundamental. this is not Disney buying Playstation...they are looking to buy out the full rights to Spider man as right now that licensing is a mess especially for Disney movies where they want Spiderman as part of the MCU.Exclusive: Disney Considering Buyout Of Sony For Spider-Man Characters
We've exclusively learned that Disney is considering a major move to finally get the Spider-Man character rights from Sony.
Holy shit if that happens. It would mean Disney owns Playstation. Which would make things highly interesting.
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