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Walt Disney will reclaim Star Wars TV rights (Topic)

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Walt Disney will reclaim Star Wars TV rights

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Walt Disney intends to reclaim all rights to television screenings of Star Wars movies previously sold to AT & T Inc. ’ s Turner Broadcasting to develop its own streaming service. This is reported by Bloomberg.

Note that the deal, which was estimated at $ 275 million, was concluded back in 2016, when Walt Disney did not start creating its own service. Under the terms of the agreement, AT & T's TBS and TNT have acquired the right to broadcast both old trilogies and new movies set in the Star Wars universe.

The contract is concluded until 2024, but Walt Disney plans to terminate it in 2019. According to sources, preliminary negotiations have already been held, but the parties have not yet been able to agree on the size of the "compensation" and the content that Walt Disney is ready to offer its partners instead of "Star Wars".

Recall that only in the box office movies created after the acquisitions of Lucasmovie, have earned Walt Disney more than $ 4 billion. The company's earnings from the sale of various rights and the production of merchandise are unknown.

The Topic of Article: Walt Disney will reclaim Star Wars TV rights.
Author: Jake Pinkman


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