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EM.TV to Sell Muppets to Jim Henson's Children for $89 Million

Discussion in 'Muppet Headlines' started by Phillip, May 7, 2003.

  1. radionate

    radionate New Member

    What I would like to know is:
    • What will Charlie's role be in the company now
    • Are the kids just looking at this as a continuation of thier father's legacy, or are they going to turn around and sell the company again in a few years for more money
    • Will Brian be doing his characters now (I know there was talk around here when he stepped down that he wouldn't carry on with his stable of felt troops, i.e. Sal)
    • Will this cause more bad blood between the company and Eisner? Will there be any chances of crossover projects?
    • Will they focus on the main troop of Muppets, or repeat history and focus more on the creature shop
     
  2. The Count

    The Count Moderator Staff Member

    So is it too soon to start raising frog-labeled banners in honor of the homecoming and start singing "Together Again"? And a few questions...
    What does this mean for the overall company's promotion of the Muppets?
    What does this mean for future seasons, should there be any, of Sesame Street?
    What does this mean for, should they happen, any future Muppet crossovers?
    What does this mean, if anything, for the future of the vonderful vork done by Palisades Toys with their current Muppet action figure line?

    Great thanks go out to those who can shed some light on these new Muppety mysteries. Thanks and have a good day.
     
  3. ZootandDingo

    ZootandDingo Member

    This is fantastic news!!!!!!

    Let us hope that mouse never rears its ugly head again.

    :cool:
     
  4. Muppets1985

    Muppets1985 Member

    sooooo?...Henson DID buy them offically buy the muppets!????:rolleyes: :concern: :concern:
     
  5. BoyRaisin2

    BoyRaisin2 Active Member

    They've started the process. They still need approval, though. Though at Hoover's Online the Henson Company is listed as "Private" again.

    And Phil, when you add this to the timeline, call them the Jim Henson Family, and not his children or kids. They are of course, but Family is just sounds classier and more official.

    And also, we've broken the "most users ever online" thing from 2/27/03. And we're nearing 200. And what better day to break that mark, eh? Let's keep it up!
     
  6. BlueFrackle

    BlueFrackle Active Member

    Raisin,

    the reason we broke it is because everyone on the mailing list got an email telling them what has happened today, So they want to come and read the press release and post.


    see ya
     
  7. Fozzie Bear

    Fozzie Bear Well-Known Member

    PRAISE THE LORD! AMEN!! HALLELUJAH!!!

    Never again shall I threaten to thwarp Brian Henson in the back of his head with my rubber chicken!!

    He has totally and undeniably just redeemed himself of the EM.TV mistake all those years ago.

    I had no idea, and was terrified that it was between Disney and Classic Media, and am SO thrilled to find out who the unnamed party bidding on the JHC was the 'Jim Henson Five' all along!!

    Yes, that's what I shall call them now: The Jim Henson Five.

    OOOH! I'm so happ-ee!!

    I offer up a celebratory
    WOCKA! WOCKA!!
     
  8. Daylight

    Daylight New Member

    Woah! :eek: Wow! :excited: And Wohoo!!!!!! :)

    I may be a bit emotional due to my current life circumstances, but I swear reading the email from Phil started me crying. :cry:

    I'd just like to say 'Good Luck' to the Henson Family. It's a rough road ahead, but I believe you're the best people for the job. :)
     
  9. Fozzie Bear

    Fozzie Bear Well-Known Member

    http://search.cnn.com/cnn/search?source=cnn&invocationType=search/top&sites=cnn&query=HENSON
    ************************
    I don't know what CNN.com was thinking by applying a photo of Elmo and Hoots the Owl from Sesame Street as part of this story, but I suppose as a news reporter it isn't your job to be 100% accurate :rolleyes: :
    ***********************
    Muppet family back together

    Wednesday, May 7, 2003 Posted: 11:59 AM EDT (1559 GMT)

    FRANKFURT, Germany (Reuters) -- Kermit the Frog, Miss Piggy and their Muppet friends are homeward bound.

    Ailing German media company EM.TV & Merchandising AG said on Wednesday it agreed to sell Jim Henson Co., the producer of the Muppets, to the children of their creator -- the late Jim Henson -- for $89 million.

    The deal ends a nearly two-year hunt for a buyer.

    Taking more turns than Miss Piggy's mood, the auction had attracted interest from several media firms, including giant Walt Disney Corp., media investor Haim Saban and a group around investor Dean Valentine.

    EM.TV bought Henson from the family for $680 million at the peak of the stock market bubble in 2000. It has since sold off pieces of the company, including the Sesame Street characters and its stake in children's network Noggin.

    Five Henson siblings would be on the 45-year-old company's board. Two of them, Brian and Lisa Henson, would help manage Henson and its singing, wise-cracking puppets.

    The brand and its licensing contracts have suffered under EM.TV's management, according to industry insiders, despite the success of a recent made-for-TV Christmas movie.

    "We will be actively exploring new and expanded strategic relationships," Brian Henson said in a statement.

    EM.TV said the Henson family would pay $78 million in cash for the characters, the TV and motion picture production companies and the special effects unit known as the Creature Shop.

    EM.TV, which would keep Henson Co.'s current liquid assets of $11 million, said it would use the proceeds from the sale to pay back a 12.5 million euro ($14.3 million) loan and to improve its cash position.

    Just five weeks ago, Disney Chief Executive Michael Eisner said at an industry conference that he thought the company was close to a deal for Henson, one it walked away from more than a decade ago.

    Disney had been set to buy the Muppets in 1990, but pulled out after Jim Henson, the company's heart and soul, died suddenly.

    Goldman Sachs advised the Henson family, and Allen & Co. advised EM.TV.
     
  10. Heather Feather

    Heather Feather New Member

    Who are the henson kids?

    This is Wonderful news (Breaths a sigh of relief). I am very excited that it is going back to the Henson's. :)

    :confused:
    But I was courious about the Bio's on the Henson kids.
    I know Who Brian is and what he has been doing with his life, Lisa I kind of know about, I know even less about Cheryl. And I know nothing about Heather or John. What have they done in there lives? What are they doing know? Have they all had an active role in Henson? Whats the scoop on Jim's kids. If anyone know Please share I am very intersted to find out more about them. :halo:
     
  11. Fozzie Bear

    Fozzie Bear Well-Known Member

  12. Zack the Dog

    Zack the Dog Active Member

    Well, oh,...okay:o

    A June bug....

    Yep! A June big was the sign.

    I got home last night from this specail park i like to go to that has a nice pond with ducks and snapping turtles N'stuff, it's a very speacil place and I consiter it to be like Kermits swamp to me.

    I'm going to start going to this park a lot now that the weather is warming up and just like the past five summers it will be my home away from home during the summer, last time i was there was when I took my dog Barney for his "last walk" cause he had to get rid of him back this past Feb. so i was kinda sad, but happy to be there.

    when i got home i heard a sracthing on my window, i first thought it was a mouse or even a rat! then i was hoping it was a squiral or it would be neat if it was a raccoon "the window was shut FYI" i quickly but carefully opend the shutters and it was a large June big tapping on the glass...so...i let him in( it was like he had to tell me somthing, he few around my room then i saw him hide behind my large Fozzie Bear back pack and then he landed behind my Animal in box corgi car..LOL i picked up the June Bug then placed him on a straberry(to eat) and put him on my windowledge.

    :) I know...I'm crazy...:D .weird huh, i told you all, well i guess it DID have something to do with the muppets!

    It just the first June Bug i have seen and i always liked June bugs because June is my birthday month and it's still May now;-) I remember when my dad taught me about june bugs and i would watch them all flying around the trees at my old house when i was a kid.


    How off topic am i? Sorry, this new is so great! I've been flying around my house like a June bug!!!LOL!

    Zachary,
     
  13. Muppets1985

    Muppets1985 Member

    I wonder what EM.Tv is getting out of this deal. I thought Disney was willing to pay at least $100 million. It doesn't seem to make much sense to sell for $78 million if they are seeking to increase liquidity. :confused: :sympathy: ................:boo:
     
  14. electricmayhem

    electricmayhem New Member

    :excited:
    I was so excited when I read the email about this! I didn't have a very firm stance on who I wanted to have the Muppets. I wasn't 100% for any of the canidates but now this is great! It just feels right to have the Muppets back with the Hensons! So I want to congratulate and wish the very best of luck to Brian, Lisa, Cheryl, John, and Heather! You're the right people for the job:)
     
  15. Zack the Dog

    Zack the Dog Active Member

    I think it makes PEFECT SENSE on what is happen right now, lets think of it as the Henson family learing a lesson of bussness and they are Luckly getting there father's company back, a man on which there would be NO Muppets without. This sale was MENT to happen this way, it took time but worked out in the end, God works in misterious ways, this work out pefect, it's like the end to a Happy Muppet Movie!!!!!!And all thanks to a June Bug!!!LOL and the Henson Family's 78 Million;)

    HEY! I think I know what QUINN did with the money he won!!!!LOL j/k:)

    I am going to share with you what is going in my mind right now.

    Think of this large hidden base under a large mountain, it's run by Michael Eisner and nasty greedy comapanies and people and everything and anything bad you can think of...and then some!

    This whole devilish oporration was about to swallow the Muppets, but Brian Henson and his family broken in there and swooped all the muppets up in a jet plane, as fozzie Bear was ruing to the plane he triped on the "MOUNTAIN SELF DISTRUCT Leaver" then Rowlf helped him up and they got on the plane and ZOOMED outta there! just then the WHOLE, THE WHOLE DANG mountain blew SKY HIGH! Kermit looks back and signs with releave and wipes the sweat off his face, then looking to see a rainbow shine down on them all!!!!

    Then from the steaming plie of baddiness baddens, you hear one of Disney's neardy works say"ready to buy the Muffets Mr. Eisner Sir???" You then just hear an "AAAACCCKKK!!!! from Michael Eisner followed by the choking of that neardy worker!

    LOL! hahahaha! The story with a HAPPY endding!!!!!

    Zack)Rowlf the, I know, I know!...I watch TOO many goodie goddie Cartoons!...LOL!Dog
     
  16. Chilly Down

    Chilly Down Member

    This is insane. This is totally out of the blue. This is ABSOLUTELY WONDERFUL!!!! :) (Except for Stevie. Sorry, dude! Don't take it personally.)

    I didn't even know the Henson kids were seriously in the running. This is like something out of one of the Muppet movies -- the whole gang bands together at the end and saves the day!

    So: first of all, the sale is finally over after all the time. I would have been happy just for that. But it isn't Disney or anybody else, thank goodness. The Henson kids have proved they still care. JHC can now move forward with the Fox show, and continuing Farscape and...well, everything!

    I didn't expect this at all. I had resigned myself to Disney buying them. This is so incredible!

    I think I'm going to set a record for the number of times that I use an exclamation point at the end of a sentence!

    Yes, there are legitimate questions for the future, such as where the money's coming from for their next project, and will the Henson kids consider selling again to get that money? But those are questions for another day. Today we get our happy ending and Gonzo bursting through the ceiling with his balloons and the rainbow shining in our faces. :)
     
  17. Jaga828

    Jaga828 New Member

    This is FANTASTIC!!! I can think of no more fitting successors to Jim Henson's Muppets, than the second of Jim's best creations; his own children. Congratulations to the Henson Family, for bringing home the estranged brothers, sisters, frogs, pigs, bears, and whatevers; who were abscent for way too long. The legacy of Jim Henson is now deservedly where it was always meant to be; with a Henson at the helm! Best wishes for a long, successful run!! Thank you!
     
  18. Rubber Ducky

    Rubber Ducky New Member

    Does this mean that Farscape will be brought back? Maybe I missed something...

    I am very happy that the Henson kids bought back the Muppets..this is absolutely wonderful news!!
     
  19. Chilly Down

    Chilly Down Member

    Beautifully put, Jaga! Though I think creating a family and raising the kids exceeds even Jim's other considerable accomplishments. :)

    Does anyone know if the Creature Shop was part of this sale? (I think one of the articles I read said the Sesame characters were part of the sale. Are we to assume that was the writer's error?)

    BTW, Foz, I like that name: the Henson Five. I expect them to come out singing and dancing or something. "A-B-C, it's easy as 1-2-3..." :D
     
  20. frogboy4

    frogboy4 Inactive Member

    I have to admit, the Frogboy is extremely happy. My only concern is that after pulling together all the funds to buy the Muppets, they will have no funds left to promote them. This, however, saves the Fox show and the currend more mature path the Muppets have been forging.

    I have faith that the Henson folk have learned valuable marketing lessons in the past decade or so. I don't want to see a repeat of the 90s. On one hand, these are the same people who tell us Gonzo's nose is really blue and Miss Piggy is really skinny. On the other hand, Disney wouldn't be much better on that point so it's moot.

    I don't know how they are going to find their promotional teeth. I didn't think the Henson family wanted to run the company in the first place. Could this just be another step in a longer process? I would like to see Henson strike some sort of eventual deal with Disney. A licensing merger or something of that sort. They should leave the marketing to the pros and use their pull on the creative side only. Ahh, dreams. But this is definitely a good day. :)
     

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