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GEOFF JOHNS Exits as DC Entertainment President and CCO6566

COLLECTOR JLS_Comics private msg quote post Address this user
Pretty big news if you ask me!
He's launched Mad Ghost Productions which will have an exclusive contract with DC/WB. Jim Lee will be taking over for Johns

he'll be writing the Green Lantern Corps script

He's writing a 'SHAZAM!' book and one called 'Three Jokers' and opening up a new imprint called 'The Killing Zone' with DC
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Collector Paulbg2000 private msg quote post Address this user
It certainly is big news...I think with Jon Berg's exit last year it was only a matter of time before he left. Good to see that he's still going to be involved in some of the DC properties though...

"His first film projects will be Warner Bros. Pictures’ Green Lantern Corps, based on his New York Times bestselling series that saw an impressive nine-year run, spawning additional spin-off titles and comic book events. Johns will write and be a producer on the film. Additionally, he co-wrote and executive produced Aquaman, which releases worldwide December 21, and is writing and executive producing the second installment of the Wonder Woman franchise with director Patty Jenkins, releasing in November 2019. New Line’s Shazam!, slated for an April 2019 release, is based on his original graphic novel."
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COLLECTOR JLS_Comics private msg quote post Address this user
Exactly! And with Diane Nelson having left just last week, the writing was on the wall
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Collector Dalkiel private msg quote post Address this user
Green Lantern Corps would be better as a series I think.
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COLLECTOR kaptainmyke private msg quote post Address this user
This is going to make his signature more and more unobtainable.

Yay for me



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COLLECTOR JLS_Comics private msg quote post Address this user
Ok. So apparently the judge is deciding on the WB/ATT merger tomorrow (Tuesday June 12)

It all makes sense now
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COLLECTOR kaptainmyke private msg quote post Address this user
Weird merger
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COLLECTOR JLS_Comics private msg quote post Address this user
Well, it’s really ATT and Time-Warner (who owns HBO, WB,etc.)
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COLLECTOR JLS_Comics private msg quote post Address this user
We will know Judge Leon's ruling by 4:30 or 5 pm today
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COLLECTOR JLS_Comics private msg quote post Address this user
People are being let in to Leon's court room now. We should have a ruling in about an hour or so
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COLLECTOR JLS_Comics private msg quote post Address this user
Oral opinion will be read at 4pm (3 minutes from now)
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COLLECTOR JLS_Comics private msg quote post Address this user
Approved! The merger is going forward
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COLLECTOR JLS_Comics private msg quote post Address this user
So this is good for ATT/Time Warner (and WB) as it allows WB and DC to stay together however it's a "wait and see" to see the industry ripple affect and what impact it'll have on the Comcast/Disney/Fox bidding war
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Collector Lonestar private msg quote post Address this user
Quote:
Originally Posted by JLS_Comics
So this is good for ATT/Time Warner (and WB) as it allows WB and DC to stay together however it's a "wait and see" to see the industry ripple affect and what impact it'll have on the Comcast/Disney/Fox bidding war

The initial impact is that Comcast will in fact be making a bid to buy Fox. This may happen as soon as today. Comcast had previously stated that they were waiting until the ATT/Time Warner merger was approved before making a bid. Now it will likely be a bidding war between Comcast & Disney.
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COLLECTOR JLS_Comics private msg quote post Address this user
Disney will just need to add about $10B to their offer to match Comcast's current bid
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COLLECTOR kaptainmyke private msg quote post Address this user
They can, and will.
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Collector Lonestar private msg quote post Address this user
@JLS_Comics @kaptainmyke It's not just about adding $10B to their offer. The two offers will be structurally different. Disney's current offer is an all-stock offer, while Comcast is reportedly going to make an all cash offer. So even if Disney matches the amount, Fox would need to consider which offer is more attractive. They also need to consider which will have an easier approval from regulators, but some of that was diminished with the ATT/Time Warner ruling.
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COLLECTOR JLS_Comics private msg quote post Address this user
I over simplified it but yes you are correct. one is all-stock and one is all-cash. One important consideration in the decision will be the tax factor.

Fox will be making their decision in July and the expectation is that it will get through legal in about a year. Fox had a meeting a month or two ago telling their employees to be ready to go live with the new "Fox Lite" company next summer.
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Collector GAC private msg quote post Address this user
Quote:
Originally Posted by JLS_Comics
I over simplified it but yes you are correct. one is all-stock and one is all-cash. One important consideration in the decision will be the tax factor.

Fox will be making their decision in July and the expectation is that it will get through legal in about a year. Fox had a meeting a month or two ago telling their employees to be ready to go live with the new "Fox Lite" company next summer.


For tax considerations alone the Disney deal appears more desirable. An all cash deal will see your IRS take a significant portion I believe.
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Collector Lonestar private msg quote post Address this user
Comcast's bid is in. $65 Billion.

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