When a company with a $60 billion marketcap, trading on the NYSE (Ticker: DIS) decides to take a 10% stake in a company people listen. When you have the chance to grab shares in that company for $.06 then I'd run and grab some. POWN shares have traded below $.10 for the very last time in my opinion.
Disney has already acquired Marvel Comics for $4.3 billion you have to wonder if POWN could be next.
This stock could see some heavy action come Monday. Those who listened to this press release on Friday will be rewarded with some serious gains as this news gets digested with a surge in POWN shares.
LOS ANGELES, Jan 2, 2010 (UPI via COMTEX) -- The Walt Disney Co. reportedly purchased a 10 percent stake in POW! Entertainment, a production company formed by U.S. comic book creator Stan Lee. The Hollywood Reporter said Saturday Disney's $2.5 million stake purchase expands the company's ties to Lee's production group as Disney and POW! signed a first-look arrangement in 2007.
The Reporter said Disney is also acquiring exclusive consulting services and unspecified "enhanced rights" from POW!
Lee, who helped form POW! in 2001, is best known for helping create famous comic book characters such as Spider-Man, Iron Man, the Fantastic Four, the Hulk, Daredevil and the X-Men.
The Reporter said Disney's plan to merge with Marvel Entertainment was approved by Marvel stockholders Thursday.
The merger, which is subject to conditions with documents filed with U.S. Securities and Exchange Commission, is estimated to be worth $4.3 billion.
LOS ANGELES, Dec 31, 2009 (BUSINESS WIRE) -- Building on an already successful three year creative and business relationship, POW! (Purveyors of Wonder) Entertainment Inc. (Pink Sheets: POWN), the advanced media and entertainment company led by comic book and motion picture icon Stan Lee, announced today it is deepening its ties with The Walt Disney Company. "Enhancing our relationship with one of the world's most creative and innovative entertainment companies makes perfect sense given all the exciting projects we have underway," said Lee, Chairman and Chief Creative Officer of POW! "Disney has been a great partner for us and we look forward to working closely with them in the coming years. In addition to the huge creative opportunity this affords POW!, it also provides for the next positive stage in the expansion of the company itself."
Walt Disney Studios entered into a first-look deal with POW! in 2007 and since then has worked closely with the world-renowned Lee on the development of a number of projects. Under the new arrangement, Walt Disney Studios expands that relationship through enhanced rights to the creative output of POW! as well as certain exclusive consulting services. Disney will also take a 10% equity stake in POW! for $2.5 million.
Earlier this year, Disney agreed to acquire Marvel Entertainment Inc., the company that owns the most iconic characters associated with Lee, including Spider Man, The Incredible Hulk and X Men. Marvel shareholders were expected to vote today on the transaction.
"Stan has incredible creative energy and continues to come up with great original stories that can work across many of our platforms, ranging from console games to motion pictures and from our boys-focused Disney XD network to mobile devices," said Bob Chapek, President, Worldwide Distribution, Walt Disney Studios. "Put that together with his knowledge and familiarity of the Marvel universe and it makes perfect sense to extend our excellent working relationship with Stan and POW!"
ABOUT POW! (PURVEYORS OF WONDER) Entertainment, Inc.: An advanced media and entertainment company with a first-look deal with Disney, POW! was founded by Stan Lee, together with award winning producer Gill Champion and intellectual property specialist Arthur Lieberman Esq., to create, produce and license original intellectual properties. POW! specializes in franchises for the entertainment industry, including animation and live-action feature films, plus television, DVDs, video games, merchandising and related ancillary markets, all of which contribute to global expansion. To find out more, check out www.powentertainment.com.
SOURCE: POW! Entertainment Inc.
CONTACT:POW! Entertainment, Inc. Gill Champion 310-275-9933 gchampion@powentertainment.com
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