The Walt Disney Company To Acquire Twenty-First Century Fox, Inc., After Spinoff Of Certain Businesses, For $52.4 Billion In Stock

December 14, 2017December 15, 2017

Acquisition complements and enhances The Walt Disney Company’s ability to provide consumers around the world with more appealing content and entertainment options
Transaction to include 21st Century Fox’s film and television studios, cable entertainment networks and international TV businesses
Popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic to join Disney’s portfolio
Expands Disney’s direct-to-consumer offerings with addition of 21st Century Fox’s entertainment content, capabilities in the Americas, Europe and Asia; Hulu stake becomes a controlling interest
Addition of extensive international properties, including Star in India and Fox’s 39% ownership of Sky across Europe, enhances Disney’s position as a truly global entertainment company with world-class offerings in key regions
Robert A. Iger to remain Chairman and CEO of The Walt Disney Company through 2021

The Walt Disney Company and Twenty-First Century Fox, Inc. (21st Century Fox) today announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment). Building on Disney’s commitment to deliver the highest quality branded entertainment, the acquisition of these complementary assets would allow Disney to create more appealing content, build more direct relationships with consumers around the world and deliver a more compelling entertainment experience to consumers wherever and however they choose. Immediately prior to the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders.

Under the terms of the agreement, shareholders of 21st Century Fox will receive 0.2745 Disney shares for each 21st Century Fox share they hold (subject to adjustment for certain tax liabilities as described below). The exchange ratio was set based on a 30-day volume weighted average price of Disney stock. Disney will also assume approximately $13.7 billion of net debt of 21st Century Fox. The acquisition price implies a total equity value of approximately $52.4 billion and a total transaction value of approximately $66.1 billion (in each case based on the stated exchange ratio assuming no adjustment) for the business to be acquired by Disney, which includes consolidated assets along with a number of equity investments.

Popular Entertainment Properties to Join Disney Family

Combining with Disney are 21st Century Fox’s critically acclaimed film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, which together offer diverse and compelling storytelling businesses and are the homes of Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian—and its storied television creative units, Twentieth Century Fox Television, FX Productions and Fox21, which have brought The Americans, This Is Us, Modern Family, The Simpsons and so many more hit TV series to viewers across the globe. Disney will also acquire FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox’s interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group.

“The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “We’re honored and grateful that Rupert Murdoch has entrusted us with the future of businesses he spent a lifetime building, and we’re excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings. The deal will also substantially expand our international reach, allowing us to offer world-class storytelling and innovative distribution platforms to more consumers in key markets around the world.”

“We are extremely proud of all that we have built at 21st Century Fox, and I firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace in what is an exciting and dynamic industry,” said Rupert Murdoch, Executive Chairman of 21st Century Fox. “Furthermore, I’m convinced that this combination, under Bob Iger’s leadership, will be one of the greatest companies in the world. I’m grateful and encouraged that Bob has agreed to stay on, and is committed to succeeding with a combined team that is second to none.”

At the request of both 21st Century Fox and the Disney Board of Directors, Mr. Iger has agreed to continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021.

“When considering this strategic acquisition, it was important to the Board that Bob remain as Chairman and CEO through 2021 to provide the vision and proven leadership required to successfully complete and integrate such a massive, complex undertaking,” said Orin C. Smith, Lead Independent Director of the Disney Board. “We share the belief of our counterparts at 21st Century Fox that extending his tenure is in the best interests of our company and our shareholders, and will be critical to Disney’s ability to effectively drive long-term value from this extraordinary acquisition.”

Benefits to Consumers

The acquisition will enable Disney to accelerate its use of innovative technologies, including its BAMTECH platform, to create more ways for its storytellers to entertain and connect directly with audiences while providing more choices for how they consume content. The complementary offerings of each company enhance Disney’s development of films, television programming and related products to provide consumers with a more enjoyable and immersive entertainment experience.

Bringing on board 21st Century Fox’s entertainment content and capabilities, along with its broad international footprint and a world-class team of managers and storytellers, will allow Disney to further its efforts to provide a more compelling entertainment experience through its direct-to-consumer (DTC) offerings. This transaction will enable Disney’s recently announced Disney and ESPN-branded DTC offerings, as well as Hulu, to create more appealing and engaging experiences, delivering content, entertainment and sports to consumers around the world wherever and however they want to enjoy it.

The agreement also provides Disney with the opportunity to reunite the X-Men, Fantastic Four and Deadpool with the Marvel family under one roof and create richer, more complex worlds of inter-related characters and stories that audiences have shown they love. The addition of Avatar to its family of films also promises expanded opportunities for consumers to watch and experience storytelling within these extraordinary fantasy worlds. Already, guests at Disney’s Animal Kingdom Park at Walt Disney World Resort can experience the magic of Pandora—The World of Avatar, a new land inspired by the Fox film franchise that opened earlier this year. And through the incredible storytelling of National Geographic—whose mission is to explore and protect our planet and inspire new generations through education initiatives and resources—Disney will be able to offer more ways than ever before to bring kids and families the world and all that is in it.

Enhancing Disney’s Worldwide Offerings

Adding 21st Century Fox’s premier international properties enhances Disney’s position as a truly global entertainment company with authentic local production and consumer services across high-growth regions, including a richer array of local, national and global sporting events that ESPN can make available to fans around the world. The transaction boosts Disney’s international revenue mix and exposure.

Disney’s international reach would greatly expand through the addition of Sky, which serves nearly 23 million households in the UK, Ireland, Germany, Austria and Italy; Fox Networks International, with more than 350 channels in 170 countries; and Star India, which operates 69 channels reaching 720 million viewers a month across India and more than 100 other countries.

Prior to the close of the transaction, it is anticipated that 21st Century Fox will seek to complete its planned acquisition of the 61% of Sky it doesn’t already own. Sky is one of Europe’s most successful pay television and creative enterprises with innovative and high-quality direct-to-consumer platforms, resonant brands and a strong and respected leadership team. 21st Century Fox remains fully committed to completing the current Sky offer and anticipates that, subject to the necessary regulatory consents, the transaction will close by June 30, 2018. Assuming 21st Century Fox completes its acquisition of Sky prior to closing of the transaction, The Walt Disney Company would assume full ownership of Sky, including the assumption of its outstanding debt, upon closing.

Transaction Highlights

The acquisition is expected to yield at least $2 billion in cost savings from efficiencies realized through the combination of businesses, and to be accretive to earnings before the impact of purchase accounting for the second fiscal year after the close of the transaction.

Terms of the transaction call for Disney to issue approximately 515 million new shares to 21st Century Fox shareholders, representing approximately a 25% stake in Disney on a pro forma basis. The per share consideration is subject to adjustment for certain tax liabilities arising from the spinoff and other transactions related to the acquisition. The initial exchange ratio of 0.2745 Disney shares for each 21st Century Fox share was set based on an estimate of such tax liabilities to be covered by an $8.5 billion cash dividend to 21st Century Fox from the company to be spun off. The exchange ratio will be adjusted immediately prior to closing of the acquisition based on an updated estimate of such tax liabilities. Such adjustment could increase or decrease the exchange ratio, depending upon whether the final estimate is lower or higher, respectively, than the initial estimate. However, if the final estimate of the tax liabilities is lower than the initial estimate, the first $2 billion of that adjustment will instead be made by net reduction in the amount of the cash dividend to 21st Century Fox from the company to be spun off. The amount of such tax liabilities will depend upon several factors, including tax rates in effect at the time of closing as well as the value of the company to be spun off.

The Boards of Directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions.

Important Information About the Transaction and Where to Find It

In connection with the proposed transaction between The Walt Disney Company (“Disney”) and Twenty-First Century Fox, Inc. (“21CF”), Disney and 21CF will file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will include a joint proxy statement of Disney and 21CF that also constitutes a prospectus of Disney. 21CF will file with the SEC a registration statement for a newly formed subsidiary (“SpinCo”), which is contemplated to own certain assets and businesses of 21CF not being acquired by Disney in connection with the proposed transaction. 21CF and Disney may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the joint proxy statement/prospectus or registration statement or any other document which 21CF or Disney may file with the SEC. INVESTORS AND SECURITY HOLDERS OF 21CF AND DISNEY ARE URGED TO READ THE REGISTRATION STATEMENTS, THE JOINT PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the registration statements and the joint proxy statement/prospectus (when available) and other documents filed with the SEC by 21CF and Disney through the web site maintained by the SEC at www.sec.gov or by contacting the investor relations department of :

21CF
1211 Avenue of Americas
New York, NY 10036
Attention: Investor Relations
1 (212) 852 7059

Disney
c/o Broadridge Corporate Issuer Solutions
P.O. Box 1342
Brentwood, NY 11717
Attention: Disney Shareholder Services
1 (855) 553 4763

Participants in the Solicitation

21CF, Disney and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding 21CF’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in 21CF’s Annual Report on Form 10-K for the year ended June 30, 2017 and its proxy statement filed on September 28, 2017, which are filed with the SEC. Information regarding Disney’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is available in Disney’s Annual Report on Form 10-K for the year ended September 30, 2017 and its proxy statement filed on January 13, 2017, which are filed with the SEC. A more complete description will be available in the registration statement on Form S-4, the joint proxy statement/prospectus and the registration statement of SpinCo.

No Offer or Solicitation

This communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

Cautionary Notes on Forward Looking Statements

This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements, including the failure to consummate the proposed transaction or to make any filing or take other action required to consummate such transaction in a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction may not occur on the anticipated terms and timing or at all, (ii) the required regulatory approvals are not obtained, or that in order to obtain such regulatory approvals, conditions are imposed that adversely affect the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction, (iii) the risk that a condition to closing of the transaction may not be satisfied (including, but not limited to, the receipt of legal opinions and rulings with respect to the treatment of the transaction under U.S. and Australian tax laws), including a legal opinion on the tax-free treatment of the transaction to 21CF’s stockholders, (iv) the risk that the anticipated tax treatment of the transaction is not obtained, (v) an increase or decrease in the anticipated transaction taxes (including due to any changes to tax legislation and its impact on tax rates (and the timing of the effectiveness of any such changes)) to be paid in connection with the Separation prior to the closing of the transactions could cause an adjustment to the exchange ratio, (vi) potential litigation relating to the proposed transaction that could be instituted against 21CF, Disney or their respective directors, (vii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions, (viii) risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction, (ix) negative effects of the announcement or the consummation of the transaction on the market price of Disney’s common stock, (x) risks relating to the value of the Disney shares to be issued in the transaction and uncertainty as to the long-term value of Disney’s common stock, (xi) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of Disney’s operations after the consummation of the transaction and on the other conditions to the completion of the merger, (xii) the risks and costs associated with, and the ability of Disney to, integrate the businesses successfully and to achieve anticipated synergies, (xiii) the risk that disruptions from the proposed transaction will harm 21CF’s or Disney’s business, including current plans and operations, (xiv) the ability of 21CF or Disney to retain and hire key personnel, (xv) adverse legal and regulatory developments or determinations or adverse changes in, or interpretations of, U.S., Australian or other foreign laws, rules or regulations, including tax laws, rules and regulations, that could delay or prevent completion of the proposed transactions or cause the terms of the proposed transactions to be modified, (xvi) as well as management’s response to any of the aforementioned factors.These risks, as well as other risks associated with the proposed transactions, will be more fully discussed in the joint proxy statement/prospectus that will be included in the registration statement on Form S-4 that will be filed with the SEC in connection with the proposed transactions, as well as in the registration statement filed with respect to SpinCo. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 and the registration statement of SpinCo are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on 21CF’s or Disney’s consolidated financial condition, results of operations, credit rating or liquidity. Neither 21CF nor Disney assumes any obligation to publicly provide revisions or updates to any forward looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

The financial information in this presentation includes financial information that is not presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Non-GAAP financial measures, including EBITDA, may be considered in addition to GAAP financial information, but should not be used as substitutes for the corresponding GAAP measures. Non-GAAP measures in this presentation may be calculated in a way that is not comparable to similarly titled measures reported by other companies.

Everything You Need to Know Before You See Star Wars: The Last Jedi

December 14, 2017

By Jim Frye

As the world prepares to climb back into the cockpit of the Millennium Falcon and hyperdrive across the galaxy in Star Wars: The Last Jedi, which opens this Friday, December 15, D23 catches you up on everything you need to know before you see the film.

The Journey So Far
A long time ago (in 1977’s Star Wars: A New Hope, to be exact) in a galaxy far, far away, a ragtag team of rebels, led by Luke Skywalker, Princess Leia, and Han Solo, overthrew the evil galactic Empire and restored peace to the galaxy. Thirty years later (in 2015’s Star Wars: The Force Awakens), Supreme Leader Snoke and his oppressive First Order rise up from the ashes of the Empire and use their Starkiller Base to destroy much of the New Republic. Standing against this new menace is the Resistance, led by General Leia Organa, aided by our new heroes—Rey, Finn, and Poe—along with a familiar face: Han Solo. Together, they face off against the dark warrior Kylo Ren on their quest to find Luke Skywalker, the last of the Jedi—their only hope.

New Heroes

Rey
Rey, the central character of The Force Awakens, is a scavenger, a survivor toughened by life on the harsh desert planet of Jakku. When the droid BB-8 shows up and needs help, Rey finds herself drawn into a galaxy-spanning conflict and learns that her life is being shaped by the mysterious power of the Force. She soon faces off against the dreaded Kylo Ren before flying off in the Millennium Falcon to find the elusive and legendary Luke Skywalker.

Poe
Poe Dameron is a commander in the Resistance’s Starfighter Corps and one of Leia Organa’s most-trusted operatives. While on a mission to deliver important intel to the Resistance, he is captured by Kylo Ren, but later escapes and leads the attack on the First Order’s Starkiller Base.

Finn
The stormtrooper FN-2187 was trained to serve the First Order, but his conscience drove him to help Resistance pilot Poe Dameron escape, after which Poe gave him the nickname “Finn.” He teamed up with Rey, the droid BB-8, and Han Solo on their quest to help the Resistance by finding Luke Skywalker.

Old Friends

Leia
Ranked among the galaxy’s greatest heroes because of her leadership in ending the tyranny of the Empire, Leia Organa has grown from princess to general of the Resistance, leading the fight against the First Order. Having suffered incredible personal loss, she is still determined to find her brother, Luke Skywalker, in the hope that he can help to finally bring peace to the galaxy.

Luke
Tatooine farmboy Luke Skywalker rose from humble beginnings to become one of the greatest Jedi the galaxy has ever known. Along with his friends Han and Leia, he helped end the Empire and the terror of the Sith. A generation later, he is being called upon to again defend the galaxy from a new evil.

New Threats

Kylo Ren
A dark warrior strong with the Force, Kylo Ren reveres the history of Darth Vader and resists the influence of his parents, Han and Leia. As a leader of the First Order and a student of Supreme Leader Snoke, Kylo seeks to destroy the New Republic, the Resistance, and the legacy of the Jedi.

Supreme Leader Snoke
The mysterious dark figure Supreme Leader Snoke looms large and menacing, commanding the forces of the First Order, while also training Kylo Ren in the ways of the Force.

Inside the Walt Disney Archives’ Holiday Exhibit

December 14, 2017January 8, 2018

By Rick Lorentz, Archivist, Walt Disney Archives

On December 8, 2017, the Walt Disney Archives presented Holiday Memories from The Walt Disney Archives—their first winter holiday exhibit on The Walt Disney Studios lot in more than 10 years. Cast members had the opportunity to view 150-plus holiday-themed historical objects from the Archives collection that were displayed inside the historic Hyperion Bungalow. Two days later, on December 10, D23 members were treated to festive food and craft offerings around the lot, holiday entertainment (including a screening of Have Yourself a Goofy Little Christmas), and the chance to visit the exhibit.

Through a careful selection of holiday objects, the Archives shared memories that included original art, props and costumes from The Walt Disney Studios, Walt Disney Parks and Resorts, and well-known Disney films.

Beginning in the late 1930’s, artists at The Walt Disney Studios created one-of-a-kind artwork for the annual studio holiday card that would be sent to employees, business partners, and friends of Walt Disney. Several pieces of original art were restored and framed for presentation in the Holiday Memories exhibit. The art often reflected the latest film release from the Studio, or looked forward to banner releases for the coming year. Included in the exhibit were works representing Bambi (1942) and Mary Poppins (1964). Mickey Mouse even had the honor of representing 1948! The holiday art from that year depicts Mickey in his pajamas and nightcap carrying a lighted candle. The glow of the candle projects a bright snowflake image and is accompanied by the holiday sentiment, “Seasons Greetings.” Each year, the interior of the card contained more original art plus a monthly calendar for the upcoming year.

The month of December was always a special time for Walt Disney. Along with the holidays, there were several Disney family member birthdays to celebrate during the last month of the year. Walt’s staff kept meticulous records of the many gifts that Walt and Lillian would send, not only to immediate family but also to an extended family of performers, directors, and studio cast members. The Walt Disney Archives was pleased to present a couple of the card and gift lists that were once kept in Walt’s private business office. In the exhibit, an index card labeled “Fred MacMurray” lists the gifts that were sent to Katherine and Laurie, Fred’s daughters, over the course of several years.

It is during the holiday seasons when Walt Disney Parks and Resorts really sparkle, and helping to make special holiday memories are the festive parades and classic seasonal merchandise. The reindeer character costume from Magic Kingdom Park at Walt Disney World stands at a towering height of 8-feet, 6-inches. Parade dancers also marched while carefully maneuvering a 5-foot-wide snowflake as part of their holiday costume.

Country Bear Christmas Special was a seasonal treat at Disneyland Park from 1984–2000. In the show, Liver Lips McGrowl played a custom electric guitar designed to resemble a Christmas tree and a penguin, shivering inside a ice cube, was enlisted to assist Terrance in his frosty rendition of “Blue Christmas.” Imagine the excitement of Archives staff when it was discovered that the attraction’s penguins were still in working order and ready for the show to go on!

Charles Dickens’ A Christmas Carol has been interpreted by Disney in three major films—Mickey’s Christmas Carol (1983), The Muppet Christmas Carol (1992), and Disney’s A Christmas Carol (2009). We selected a variety of development art, models, and miniatures from the Archives collection that were used in the production of the three films.

A special holiday treat was the chance to see the hat, scarf and shoes worn by the Great Gonzo in The Muppet Christmas Carol. Thank you to our friends at The Muppet Studios for loaning the priceless costume pieces!

Another favorite holiday film, Babes in Toyland (1961), featured beautifully detailed costumes designed by Bill Thomas. The red cape with white fur trim was worn by Annette Funicello as Mary Contrary while a white suit with red silk underlining was worn by Tommy Sands as Tom Piper.

Tim Allen portrayed Santa Claus in three movies, The Santa Clause (1994), The Santa Clause 2 (2002), and The Santa Clause 3: The Escape Clause (2006). On display in the exhibit was a large variety of props used in the film, as well as several costumes, including one of the smallest costumes in the Archives collection, Judy the Elf.

At the close of the exhibit, more than 2,000 Disney cast members and D23 members had visited the Hyperion Bungalow—and hopefully created a few holiday memories of their own to cherish for years to come!

Golden Globes, The Last Jedi, and Epcot Art Fest—Plus More in News Briefs

December 14, 2017

By Courtney Potter

Learn about the new worlds of The Last Jedi, and read up on Disney’s recent Golden Globe nominations… See more, along with other news from around Disney, in this week’s news briefs!

New “Worlds” Featurette from Star Wars: The Last Jedi

Listen, y’all: The holidays are upon us and that’s very nifty, but here’s what’s really getting us excited… the fact that Star Wars: The Last Jedi light speeds into theaters this Friday! Mere hours from now! We almost can’t contain ourselves, honestly.

Thankfully, the good folks at Lucasfilm have been providing some great behind-the-scenes “featurette” content to keep us happy these last few weeks—and just this past weekend, they released a brand-new clip, all about the incredible worlds of The Last Jedi (and what real-life locations were employed to become them).

Check out the featurette, above… then get your cosplay ready; make sure you have your tickets; gas up the car (or figure out your public transport/ride-sharing route); and we’ll see you at the cineplex on Friday!

Save the Date!
Be sure to mark these upcoming Disney events on your calendar:

D23 and Walt Disney Archives
December 15, 2017
A Force-Filled Star Wars Evening on the Lot
December 17, 2017
Exclusive D23 Holiday Gingerbread House Workshop
January 12, 2018
Lunch with a Disney Legend—Bob Gurr
January 13, 2018
The Official Walt Disney Studios Tour—Presented by D23
February 2, 2018
D23 Member Night at Disney’s Aladdin at the Hollywood Pantages Theatre
February 20, 2018
D23 Member Night at Disney’s The Lion King in Orlando
Parks
November 9, 10, 12, 14, 16, 17, 26 and 28. December 1, 3, 5, 7, 8, 10, 12, 14, 15, 17, 19, 21 and 22
Mickey’s Very Merry Christmas Party at Walt Disney World Resort
November 10–January 7
Holidays at the Disneyland Resort
December 16
Star Wars: Galactic Nights returns to Disney’s Hollywood Studios
February 28–May 28, 2018
Epcot International Flower & Garden Festival
April 13, 2018
Pixar Fest begins at the Disneyland Resort
Summer 2018
Star Wars: Pixar Pier opens at Disney California Adventure
2019
Star Wars-Themed Lands Opening at Disneyland and Walt Disney World

Studios
December 15, 2017
Star Wars: The Last Jedi opens in theaters
February 16, 2018
Marvel Studios’ Black Panther opens in U.S. theaters
March 9, 2018
Disney’s A Wrinkle in Time opens in U.S. theaters
May 4, 2018
Marvel Studios’ Avengers: Infinity War opens in U.S. theaters
June 15, 2018
Incredibles 2 opens in U.S. theaters
Television
December 1–25, 2017
Disney|ABC’s 25 Days of Christmas

Disney’s Big Nominees for the 75th Golden Globes®

Awards season is in full swing, and the Hollywood Foreign Press Association recently unveiled all the TV and film nominees for their upcoming 75th Golden Globes—to be presented on January 7. Check out Disney’s nominees, including Disney•Pixar’s sumptuous Coco, right here at D23.com.

Disney On Broadway Brings Star Power to Epcot Festival of the Arts

Epcot at Walt Disney World Resort is already an incredible place to visit (don’t get us started on the amazing fish and chips at the Rose & Crown Pub in the United Kingdom pavilion)—but they somehow go about making it even cooler by offering several fabulous festivals throughout the year. Example: the Epcot International Festival of the Arts, running from January 12 to February 18! After last year’s inaugural—not to mention successful—outing, the Fest returns to celebrate all things art… performing, visual, and even culinary.

And this just in: As part of their “12 Days of Disney Parks Christmas,” our pals at the Disney Parks Blog recently made a big Fest-related announcement… Disney On Broadway performances will once again thrill visitors each weekend (Friday through Monday) during the 2018 event!

Broadway stars Ashley Brown (Mary Poppins), Josh Strickland (Tarzan), Kissy Simmons (The Lion King), Kevin Massey (Tarzan), and Alton Fitzgerald White (The Lion King) are all returning—and they’ll be joined for the first time this year by Kara Lindsay, known for her role as Katherine Plumber in Newsies. To find out more about the Disney On Broadway performance schedule during the Festival of the Arts, or about the Fest itself, visit disneyworld.com/ArtfulEpcot.

The Lion King Releases First Dual-Language Music Video

Speaking of Disney On Broadway, Disney’s The Lion King has been stunning audiences on the Great White Way for 20 years… and now, the show has released its very first dual-language music video, for the show’s epic ballad, “Can You Feel the Love Tonight”… or, in Spanish, “Puedes Sentir El Amor.” Delight your senses by taking a gander at the charming clip, above.

Performed in Spanish and English, the video features Agustín Argüello, who plays Simba in the Mexico City production (now playing at the Telcel Theater), and Adrienne Walker, who currently stars as Nala on Broadway. It’s all in celebration of the show’s 20th anniversary on Broadway at the Minskoff Theatre—as well as the show’s whopping 24 productions around the globe. Find out more about The Lion King’s incredible history on the musical theater stage right here.

Read Up on Walt Disney World’s New Disney Skyliner System

Another recent announcement from the Disney Parks Blog’s “12 Days” event concerns the brand-new transportation system—first disclosed at D23 Expo 2017—coming to Walt Disney World Resort. Soon, you’ll be able to take an exciting airborne trip, in a cool Skyliner cabin, from select resort hotels to either Epcot or Disney’s Hollywood Studios. Check out some of the colorful renderings if the Skyliner System here at D23.com.

Intriguing A Wrinkle in Time Character Posters

The classic Madeleine L’Engle book comes to life this spring at your local movie house, courtesy of Disney and director Ava DuVernay… and now, thanks to the recent release of four new character posters, we’re getting an intriguing close-up look at the film’s stars.
The images above feature Oprah Winfrey as Mrs. Which and Reese Witherspoon as Mrs. Whatsit, while the posters below feature Storm Reid as Meg Murry and Mindy Kaling as Mrs. Who.

A Wrinkle in Time is an epic adventure based the timeless classic, in which audiences will travel across dimensions of time and space, examining the nature of darkness versus light and, ultimately, the triumph of love. Through one girl’s journey—led by three mysterious celestial guides—moviegoers will discover that strength comes from embracing one’s individuality… and that the best way to triumph over fear is to travel by one’s own light. Also starring Chris Pine, Gugu Mbatha-Raw, and Zach Galifianakis, the film debuts March 9.

Celebrate the Force of Friendship with These 13 Disney Duos

December 12, 2017

By Megan Deppe

The Star Wars franchise has gifted us with so many iconic friendships, from R2-D2 and C-3PO and Luke and Han, to Rey and BB-8. We’re inspired when we see two friends stand by each other, support each other… and maybe even tease a little bit. Friendships as strong as these can be found throughout the many worlds of Disney, so we decided to look back at some of the dynamic duos that we aspire to find in our own lives.

1. Finn and Poe (Star Wars: The Force Awakens)
We’re excited for everything that The Last Jedi has to offer, and we’re hoping we’ll get to see the continued bromance of Finn and Poe. Ever since Poe gave Finn his jacket—and, of course, a real name—these two characters have had a relationship like no other. Even BB-8 loves the two of them! All fingers are crossed that they get sent on more missions together as they fight to free the galaxy from the First Order.

2. Lilo and Stitch (Lilo & Stitch)
This human-alien duo danced their way into our hearts while they danced along to Elvis, learning how to create an ‘ohana’ when their worlds were falling apart. When Lilo wished upon a star for “the nicest angel you have” to be her friend, she didn’t get quite what she asked for, but exactly what they both needed.

3. Judy Hopps and Nick Wilde (Zootopia)
Who could have imagined that such a great pair could come from a couple of clever hustles? Nick hustled Judy into a free jumbo pop, and she paid him back by blackmailing him into helping her track down Mr. Otterton. Judy’s optimism and determination are a good match for Nick’s street smarts, and the city of Zootopia is safer with the two of them on patrol. It doesn’t matter who is predator and who is prey—the two of them make the world a better place!

4. Timon and Pumbaa (The Lion King)
Have you ever used one of these names in a sentence without automatically including the other? These two misfits took in a lost little lion cub and taught him the meaning of “Hakuna Matata,” becoming one of the best duos Disney has ever brought to the screen. Whether they’re chowing down on grubs or distracting the hyenas, they belong together, with no worries for the rest of their days!

5. Chip and Dale (Chip ’n’ Dale Rescue Rangers)
Chip and Dale have been amusing us since 1943, but the inseparable chipmunks’ friendship has stood the test of time. Whether they are just annoying Donald or working as Rescue Rangers, these chipmunks can navigate any obstacle, as long as they’re together.

6. Tod and Copper (The Fox and the Hound)
“You’re not even aware you’re such a funny pair.” That is the ultimate friendship goal, to enjoy each other’s company so much that you don’t care what anyone else thinks. On paper, this duo should never have come to be—a hound dog and the fox he is born to hunt—but that makes their friendship all the sweeter. They prove that you should never let anyone else tell with whom you can and cannot be friends.

7. Rocket and Groot (Marvel Studios’ Guardians of the Galaxy)
Sometimes the best duos are the ones that only make sense to the duo itself. Rocket and Groot are a complete set, and they bring out the best in each other. Rocket, the only one who can understand the many subtleties of “I am Groot,” makes sure that no one pushes his big tree around, and Groot doesn’t hesitate to remind Rocket to be a little nicer to people. Even before the Guardians formed, Rocket and Groot were a package deal and we’d never want to see them any other way.

8. Mike and Sulley (Monsters, Inc.)
From college rivals to scare floor bros, Mike and Sulley have been one of the greatest Disney pairs, no matter how much they may bicker. These two have worked their way up to become the best Scare team in the company, but they also learn together how effective they can be when they turn their energies toward something more positive. There’s nothing like having a friend to push you to do your best, especially when you can repay him by calling him “Googly-Bear” whenever you get the chance.

9. Cogsworth and Lumiere (Beauty and the Beast)
We all need a little balance in our lives, and balance is what makes Lumiere and Cogsworth “a cut above the rest.” Though the two have different ideas about how to accomplish their goals, they can respect each other and work together to accomplish them. Their teamwork keeps Beast’s castle functioning—and also hopeful!—and they make it possible for the relationship between Belle and Beast to grow. You can’t get much better as a duo than that!

10. Kim Possible and Ron Stoppable (Kim Possible)
Their names may be polar opposites, but these two teenage crime fighters come together as an unbeatable pair. Even before these two crime-stoppers started dating (FINALLY), they complemented each other perfectly from the moment they met at nap time. Kim is a perfectionist who holds herself to high standards, while Ron is more laid back and calm, which helps Kim take herself less seriously. Kim’s bravery helps to inspire Ron to be the best he can be.

11. Buzz and Woody (Toy Story)
If any duo could go to infinity and beyond, it is definitely our favorite cowboy and Space Ranger. Whether they’re trapped together in a claw machine or escaping daycare, Buzz and Woody have stuck by each other. Sure, it may have started off a little rocky at first when someone may have pushed someone else out the window, but these two definitely have a friend in each other now!

12. Kenai and Koda (Brother Bear)
What friendship doesn’t start off with a little annoyance? Kenai may not have connected with Koda from the very beginning, but these two eventually realized that they’re actually quite a bit alike. They share a love for fun and can’t help but engage in some harmless brotherly teasing to make a road trip less boring. Koda helps Kenai come to terms with the tragic loss of his brother, and as the two become a new “family,” Kenai also gives Koda something he’d never had before—a sibling of his own.

13. Han and Chewbacca (Star Wars)
Leia may have initially dismissed them as a scruffy-looking nerf-herder and walking carpet, but Han and Chewbacca’s friendship is iconic! This is the type of friendship we all want, one with unconditional support (even if you have to make fun of your buddy a little…) and someone who will stay true to the end. Their “Chewy, we’re home” moment in The Force Awakens filled us with tears of joy, and we’re looking forward to seeing the earlier days of their relationship in the upcoming Solo: A Star Wars Story.

The Force is Strong in These 5 Star Wars Gifts

December 12, 2017January 8, 2018

By D23 Team

The holidays are approaching at lightspeed! And whether you’re a Jedi master of gift giving, or a mere padawan struggling with the dilemma of what to give the Star Wars fan in your life, the force of shopDisney is with you always. In honor of the upcoming release of Star Wars: The Last Jedi, we’ve put together a list of Star Wars must-haves—just in time for the opening of the latest installment in the Star Wars franchise. We believe these are the gifts you’re looking for… but you can also journey to shopDisney.com to check out more out-of-this-galaxy options. And D23 Gold Members, remember to use your shopDisney discount!

1. Rey Lightsaber

The Jedi in your family can use Rey’s blue lightsaber to train in the ways of the Force this holiday season (though your trees may not thank us)! Complete with motion-sensor sounds, a glowing blue blade, and battle-clash rumble effects, you, too, can learn the path of the Jedi.

2. Darth Vader Light-Up Statue—Star Wars: The Black Series Centerpiece by Hasbro

In an artistic re-creation of the exciting scene in which Darth Vader boards the Rebel ship Tantive IV in Rogue One: A Star Wars Story, this light-up centerpiece can brighten your holidays on the table, on a bookshelf, or guarding a plate of cookies for Santa!

3. Star Wars: The Last Jedi Force Link Starter Kit by Hasbro

Transport your kids’ playtime to a galaxy far, far away with the Star Wars: The Last Jedi Force Link Starter Kit, which uses wearable technology that enables kids to activate real movie phrases and battle-action sounds. The Starter Kit includes a Kylo Ren action figure, and can connect to more than 30 other Force Link figures—making the force of imagination stronger than ever before.

4. Rey of Jakku & BB-8 Action Figure Set—Star Wars: Forces of Destiny

Young fans can celebrate The Last Jedi and the new animated web series Star Wars: Forces of Destiny by reimagining some of Rey’s greatest adventures with this figurine. BB-8 tags along on the adventure, ready to help Rey search for Luke and save the galaxy. Rey is fully poseable and swings her lightsaber, while BB-8’s head turns so as not to miss a minute of the action.

5. Resistance Bomber by LEGO—Star Wars: The Last Jedi

Build the story, brick by brick, as you assemble the Resistance Bomber by LEGO. Join Poe Dameron and Vice Admiral Holdo on their raids, complete with a bomb-release function, spring-loaded shooters, and opening gun turrets. Complete the 780-piece LEGO creation by December 15, and you can re-create scenes from the movie at home!

5 Things to Watch for in The Muppet Christmas Carol

December 11, 2017January 8, 2018

By William Keck

The Muppet Christmas Carol has everything Muppet fans expect to see in a Kermit/Piggy movie. Big name guest star? Check! A wise-cracking bear? Check! Feel-good musical numbers? Plenty! But if you plan on re-watching the timeless holiday classic on the occasion of its 25th anniversary (and we highly recommend you do), you’ll want to keep an eye out for a few special gems (characters, costumes, cool effects) unique to this film. And be sure follow Sir Michael Caine’s lead (see item No. 4 below) by resisting the urge to blink, because if you do, you’ll surely miss something sensational, inspirational or even Muppetational.

1. In each of his Muppet movies, Jim Henson challenged himself to create an effect that had never before been attempted on screen. So it’s no surprise that when Brian Henson was developing The Muppet Christmas Carol, the young director looked to emulate his late father’s tradition. The result is a brief moment in the film that at the time was truly head-scratching for audiences: seeing Kermit from head to toe dancing down a cobblestone street with nephew Robin perched on his shoulder. Accomplished without digital effects so commonplace today, Henson pulled off the trick by positioning Kermit atop a rolling barrel texturized with snow-covered cobblestone so as to blend seamlessly with the street beneath his little webbed feet. “We never had a Muppet walking full-figured before,” says Henson, still proud of his innovation. “It was tricky, but it worked!”

2. In addition to Jim Henson, The Muppet Christmas Carol is dedicated to the memory of puppeteer Richard Hunt, who voiced such Muppet favorites as Scooter, Janice, Sweetums, and Statler before his death in January 1992. As a nod to their late friend, Brian Henson, along with puppeteers Dave Goelz (Gonzo) and David Rudman, who inherited some of Hunt’s characters, included an Easter Egg tribute during the “It Feels Like Christmas” musical number when Scrooge’s cold heart begins to noticeably melt. “David Rudman and I choreographed two horses dancing, and I thought I’d make one a tribute to Richard, who for a long while had a gap between his two front teeth that was part of his identity,” Goelz says. “So I cut the two front teeth apart on one of the horses and named him ‘Richmond.’ As a continuing joke between Brian and me, the horse sent Brian emails wanting to get in more scenes.”

3. In The Muppet Christmas Carol, the Ghosts of Christmas Past, Present, and Christmas Yet to Come are all played by original puppet creations never seen again—a childlike sprite, a playful ginger giant, and a silent cloaked Grim Reaper-like figure. But in early drafts of the script, familiar Muppet characters were to have filled these roles. “I think we had Scooter or Robin as the Ghost of Christmas Past, Piggy in the Present, and a hooded Gonzo as Christmas Yet to Come,” shares Brian Henson. “But then we started thinking, ‘Where can we sincerely put the Muppet characters?’—and it started to cast itself. We decided it would be more fun if Kermit and Piggy were married and half their kids are frogs and half are pigs.” (One thought was to make the pigs green and the frogs pink, but ultimately Henson vetoed that as “a little too weird.”)

4. Sir Michael Caine is known for never blinking opposite his co-stars, who have included such Hollywood heavy hitters as Christian Bale, Steve Martin, and Mike Myers, to name just a few. Caine applied the same technique in his role as Ebenezer Scrooge while sharing the screen with such favorites as Kermit, Miss Piggy, and Beaker. “In real life, people don’t blink when they’re talking to you,” explains the two-time Oscar^® “It’s only actors who blink in the movies.” And to Caine, his Muppet co-stars were not puppets attached to human puppeteers, but respected thespians just like himself. “All you can see are the puppets, and you just act along with them.” But there was one notable difference Caine came to appreciate about the Muppets in comparison to traditional movie stars. “Human actors can be a little difficult at times. But the puppets and puppeteers were lovely, gentle people. It was extraordinary.”

5. For the film, costume designer Polly Smith and her team were tasked with creating Victorian-era clothing for not only Caine’s Scrooge, but for Fozzie Bear’s Fozziwig, Kermit’s Bob Cratchit, and all the other human and Muppet characters great and small. Such was the attention to detail that real buttons, lining, and even practical pockets were sewn into the character’s coats. “You could unbutton the coats and put something in the pockets,” Goelz says. “They were works of art. We always said the Muppets dressed better than we did.”

Disney•Pixar’s Coco Among Disney’s Golden Globe Nominees

December 11, 2017March 26, 2018

By Beth Deitchman

The Hollywood Foreign Press Association couldn’t forget Disney•Pixar’s Coco, which received two Golden Globe® nominations this morning. The animated feature is up for Best Motion Picture, Animated; as well as Best Original Song, Motion Picture, for the film’s signature song, “Remember Me.” Additionally, series from the Disney|ABC Television Group earned five nominations collectively, including two for ABC’s black-ish.

Congratulations to all of The Walt Disney Company’s nominees, shown below; to view the entire list of nominations for the 75th Golden Globes, visit GoldenGlobes.com. The awards will be presented on Sunday, January 7, 2018.

Best Original Song, Motion Picture
“Remember Me”—Coco, Disney•Pixar
Music and Lyrics by Kristen Anderson-Lopez and Robert Lopez

Best Motion Picture, Animated
Coco, Disney•Pixar

Best Television Series, Musical or Comedy
black-ish, ABC Studios
Smilf, ABC Signature Studios

Best Performance by an Actress in a Television Series, Musical or Comedy
Frankie Shaw, Smilf, ABC Signature Studios

Best Performance by an Actor in a Television Series, Drama
Freddie Highmore, The Good Doctor, ABC Studios

Best Performance by an Actor in a Television Series, Musical or Comedy
Anthony Anderson, black-ish, ABC Studios

Add Some Toy Story Joy to Your Favorite Holiday Photos

December 8, 2017January 8, 2018

Share your favorite holiday photos using our Toy Story-inspired filters below, and enjoy even more holiday magic every day during D23 Days of Christmas.

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More Details on Walt Disney World Resort’s Disney Skyliner System

December 8, 2017December 8, 2017

The Disney Skyliner system, transporting guests in the sky from select Disney resorts to Epcot and Disney’s Hollywood Studios, was first announced this summer at D23 Expo, and now we have a closer look at the new transportation option coming to Walt Disney World.

Select Disney Skyliner cabins will feature Disney characters on their exterior design, including favorites from films, Disney attractions, and of course, the “Fab Five.” Each Disney Skyliner station will be themed to the surrounding area and feature unique views as guests travel above Walt Disney World Resort.

International Gateway at Epcot––Inspired by the European pavilions near the entrance, this station will feature canopies, hand-painted murals, and ornamental steel structures inspired by the early 18th-century Art Nouveau style. Guests traveling to Epcot aboard the Disney Skyliner can take in a stunning aerial view of World Showcase.

Disney’s Caribbean Beach Resort––The station, which will be the hub of activity for Disney Skyliner, will be inspired by the open-air village marketplaces of the Caribbean. Here, guests can transfer gondola routes or enjoy the waterfront.

Disney’s Hollywood Studios––When traveling to Disney’s Hollywood Studios from Disney’s Caribbean Beach Resort, passengers will get a bird’s-eye view of some of the park’s attractions, including The Twilight Zone Tower of Terror. When guests arrive at the station, they’ll recognize the familiar theming and coloring of the park’s main entrance and bus stations at the Disney Skyliner station.

Disney’s Pop Century Resort and Disney’s Art of Animation Resort––The resorts’ shared Disney Skyliner station will be themed in a complementary style to both resorts and will travel above Hourglass Lake and feature a panoramic view of both resorts.

Stay tuned for more information about this exciting addition to Walt Disney World Resort.