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It's official. Disney announce acquisition of Fox(Fox News and Fox Sports are not part of the deal)

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LewieP

LewieP

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Oct 26, 2017
18,093
Press release here.

The Walt Disney Company to Acquire Twenty-First Century Fox, Inc., after Spinoff of Certain Businesses, for $52.4 Billion in Stock
21st Century Fox to spin off Fox Broadcasting network and stations, Fox News, Fox Business, FS1, FS2 and Big Ten Network to its shareholders

  • 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
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Lots of detail in the press release.

Fox News is not part of this deal, it will remain with the Murdochs. As will Fox Broadcasting Network, Fox Business, FS1, FS2 and a few other divisions.

Disney get all their TV and movie IP, plus FX, national geographic, and Fox's stakes in Hulu, Sky, Endemol and Fox Sports Regional Network.

Read the full press release for more details.
 
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Brinbe

Brinbe

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Oct 25, 2017
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Terana
goddamn!

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Mabase

Mabase

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Oct 29, 2017
1,038
Hooray for monopolies!

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YaBish

YaBish

Unshakable Resolve - One Winged Slayer
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Oct 27, 2017
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That's a lot of cash. The ramifications of consolidation aside, I'm cautiously optimistic about their future with the properties from Fox.
 
cyba89

cyba89

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Oct 25, 2017
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Yay! Already huge company with way too much control over the market gets even bigger.
 
nib95

nib95

Contains No Misinformation on Philly Cheesesteaks
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Oct 28, 2017
18,498
Can they completely revamp and do-over Fox News, or will this actually mean Fox News has even more money and power to spread their hate and xenophobia?

Also, do competition laws really not impact this?
 
Rvaan

Rvaan

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Oct 25, 2017
13,734
Disney now owns a majority of Hulu. Guess what the Disney streaming services is going to be based off of.
 
TI92

TI92

Alt account
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Oct 25, 2017
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Sucks that media has become even more monopolized but I can't lie I love that the X-Men are back home
 
metalslimer

metalslimer

Avenger
Oct 25, 2017
9,558
Shit I sort of forgot about FX in all this. Disney is going to pull all of their stuff for a new streaming service
 

philipnorth

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Oct 31, 2017
551
I for one am really interested in how this Will work out.

The Marvel part, but Also what' going to happen with the other franchises they get through this.
 

Copper

Banned
Nov 13, 2017
666
Benefits to the consumers ya'll

I SAID BENEFITS, NOW BOW TO YOUR CORPORATE OVERLORDS AND SHUT THE FUCK UP
 
Nothing Loud

Nothing Loud

Literally Cinderella
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Oct 25, 2017
9,975
Disney like owns entertainment now. Damn.

So this means Anastasia is now a Disney Princess? It's better than most other animated movies anyway.
 
Stop It

Stop It

Bad Cat
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Oct 25, 2017
6,349
So Disney may well end up owning Sky? Interesting.

That would be a stepchange in UK broadcasting as Disney would control much of the content it servers via the Sky and NowTV platform.
 
Sandfox

Sandfox

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Oct 25, 2017
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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.

So does this mean Disney did in fact get the Fantastic Four? I know there was a lot of debate over that.
 

Deleted member 11934

User requested account closure
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Oct 27, 2017
1,045
Lol. No one is forced to watch Star Wars, Marvel stuff or anything else. What's with the monopoly argument? There are plenty of other IPs in the world.
 
Mugy

Mugy

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Oct 28, 2017
3,424
Legit question for people who knows about the business. What does exactly this means for media in general? And does this actually means that the X-men and 4F are going to be in the MCU?
 
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