Disney Bought 21st Century Fox Assets (Congrats, Marvel)

14 December, 2017, 18:14 | Author: Jacqueline Daniels
  • Drew Angerer  Getty Images

Disney has purchased 21st Century Fox's film studio and a large chunk of its television production assets for $52.4 billion.

The deal, which was announced this afternoon, will see Disney acquire the 39 per cent of Sky now owned by Fox and "full ownership" of the broadcaster when its bid for full control is completed.

In addition to 21st Century Fox's movie studio and regional sports networks, Disney is buying cable channels FX and National Geographic.

Fox has plenty of assets and intellectual properties that Disney could stand to make lots more money from. They will be part of a newly listed company after the close of the deal.

If Your Vehicle Doesn't Require It, Premium May Not Be Worth It
Because prices for premium vary greatly across the USA , both AAA and GasBuddy urge drivers to shop around for the best prices. The Editorial department is independent of Cars.com's advertising, sales and sponsored content departments.

The acquisition will give Disney a new pipeline of shows and movies as it battles technology companies spending billions of dollars on programming shown online to siphon audiences away from traditional TV networks.

"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". With the acquisition of Fox, Disney's stake in Hulu will grow to be a controlling one.

"This is the right move at the right time as the marriage of these assets creates a much more formidable Disney", said Daniel Ives, an analyst at GBH Insights in a note to clients.

"Managing Hulu becomes a little bit more clear... with a controlling shareholder rather than with equal partners", Disney chairman and CEO Bob Iger touted Thursday morning on a conference call.

Winter storm watch issued for Jefferson, Lewis counties
Weather conditions during this period will likely lead to snow-covered, slippery roads, especially in more rural areas. On the back side of the low, lake effect snow will set up, giving us additional snow for Wednesday and into Thursday.

"And, we'll see", Iger added.

In a statement of his own, Murdoch said, "I'm convinced that this combination, under Bob Iger's leadership, will be one of the greatest companies in the world". The broadcaster introduced its first two channels in 2004 (Disney Channel and Toon Disney) and came into the limelight when it made a decision to invest and eventually acquire Ronnie Screwvala's UTV, which not only gave it new channels but also introduced it to movie production in India through UTV Motion Pictures.

"And during that period of time, he and I will continue to discuss whether there is a role for him here or not". Just as well, the deal needs to be approved by regulators in the USA and overseas, given the global reach this buy out will give Disney.

Warner Bros. to restructure DC Films after Justice League disappointment
Johns will stay as a chief creative officer with DC Entertainment, but his work on the films could be reduced to an advisory role. While one might assume that Justice League practically forced Toby Emmerich to take action, the president of Warner Bros.

Recommended:



Popular

NFL Network suspends Marshall Faulk, other ex-players over sexual misconduct allegations
A spokesperson for The Ringer told NBC News: "These are very serious and disturbing allegations that we were made aware of today". Cantor's lawyer said that she has a copy of a video that allegedly shows Taylor exposing himself in the shower, the report said.

England Player Suspended For Pouring A Drink On Jimmy Anderson
In between the two controversies, England have lost two Tests to put themselves under serious presure to regain the Ashes . Stokes may yet be brought into the England side at some point in the series.

Broncos snap long losing streak by whipping Jets, 23-0
It was the 56th career receiving touchdown for Thomas, moving him past Shannon Sharpe for No. 2 on the Broncos' all-time list. This was the way the Denver Broncos thought they'd play against that other NY team all those months ago.

LOOK UP: Geminid meteor shower to light up December sky
What really makes this meteor shower so attractive to witness is its comet-like orbit along with the presence of shooting stars. Just get aside from lights and stare up in any direction! And this year, they're predicted to yield about 120 meteors per hour.

Kanye West makes his debut on the Kardashians Christmas card
After things calmed down, the oldest of the clan explained that she didn't want her relationship to be featured on the show. But, we've got to wonder: Is there a memoir in her future?

Secondus is new PDP Chairman
Chief John Odigie-Oyegun, national chairman of the APC said, "I also congratulate other newly-elected PDP National Officials". The statement reads: "Our great party, the People's Democratic Party is, again, at the threshold of an historical moment".

Vikings: 3 Keys to Beating the Panthers
He zigged and zagged for 62 yards, dodging defenders all the way, until finally he got dropped from behind by a Vikings defender. An alternative way for the Vikings to win the NFC North - a loss or tie for both Green Bay and Detroit - didn't pan out.

Freezing night in store as temperatures plummet as low as -8°
A YELLOW weather warning is still in place for the York area on Sunday - with very cold temperatures and the chance of snow. Lowest temperatures for Ulster tonight are expected to be between -2 to -6 degrees in light to moderate easterly winds.

Packers rally in overtime to beat the Browns
Hundley capped a six minute and ten second opening drive with a three-yard touchdown toss to a wide-open Jamaal Williams. Adams started the play on the outside of the formation, but ran toward the quarterback after the snap.

Substitute teacher barricaded door with couch to protect kids during deadly shooting
Hill heard the shots and followed Atchison, screaming at him and at teachers that there was an active shooter on site. Atchison fired some shots at students hiding in a supply closet, but no one else was injured.