Monday, August 31, 2009

Disney to buy Marvel Entertainment for $4 billion

Click on over to ComingSoon.net for the story that I thought had to have been a joke when I first heard about it this morning.

But it's true: Disney is purchasing Marvel Entertainment and everything that comes with it - comics, characters, movies, the whole shebang - for $4 billion in cash and stock transaction.

All that I can think of at the moment is that this will probably become the entertainment industry's equivalent to Ted Turner's Time Warner purchasing of America Online.

1 comments:

Mark said...

Great post. I think this is a good move, so could see Spiderman vs Donald Duck :), but it makes me laugh that Universal Studios will have to pay Disney royalties for the Spider man ride.

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