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Disney acquires 21st Century Fox for $66 billion

Written by Matti Vähäkainu @ 14 Dec 2017 12:28 User comments (4)

Disney acquires 21st Century Fox for $66 billion

The media conglomerates Disney and 21st Century Fox have agreed on a deal in which the former will acquire most of the latter for a whopping $66 billion. After the acquisition Fox will retain control of only the news and sports businesses, including Fox News.
Disney will get a host of immaterial property, including the X-Men and Fantastic Four franchises, which also means that this is the first time all Marvel franchises are controlled by the same company. One of the more important TV franchises to move to Disney is The Simpsons, a Fox show that's been running for nearly 30 years.

In addition to immaterial rights, Disney will gain control of the movie studio 20th Century Fox, Fox-owned cable TV networks that include FX and National Geographic, as well as stakes in British pay TV operator Sky and Asian network Star TV.

Disney will also get the 30 percent stake Fox owned of Hulu, which will make Disney the majority owner of the online streaming service with 60 percent ownership. The rest are split with Comcast (30%) and Time Warner (10%).

Rupert Murdoch will gain a five percent stake in Disney and the rest of the payment will be in cash. The cash portion is said to be around $52 billion. Murdoch has been trying to shed some of the extra baggage of less profitable entertainment branches and wants to focus more on news and sports.

This also means that Disney is in a strong position to perhaps introduce their own online platform with content ranging from Star Wars to Marvel, and from Disney stories to Pixar animations. However, currently Disney is in cooperation with Netflix while still competing against it with Hulu.

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4 user comments

114.12.2017 21:21

Hopefully, Disney will kill Fox News.

216.12.2017 02:05

This deal doesn't include Fox News...but even if it did, I wouldn't expect a whole lot of change there. We are talking about Disney after all...

316.12.2017 09:24

I guarantee this will put Disney out of business in a very shot time. Good Riddance.

416.12.2017 09:26

Great for the workers as always !! Disney-Fox Deal: 5,000 To 10,000 Jobs Will Likely Be Shed: Analyst

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