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

14 Декабря, 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.

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.

Читайте также: Warner Bros. to restructure DC Films after Justice League disappointment

"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.

"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.

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