General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDisney to buy 21st Century Fox assets in a deal worth more than $52 billion in stock
But apparently not Fox News.
https://www.cnbc.com/2017/12/14/disney-to-buy-21st-century-fox-assets.html
Disney on Thursday announced a deal to acquire many parts of Twenty-First Century Fox for $52.4 billion in stock. The company will get Fox's movie studios, network Nat Geo, Asian pay-TV operator Star TV, stakes in Sky and Hulu and regional sports networks.
The acquisition bolsters Disney's plans to become a dominant streaming service platform, making it a bigger threat to Netflix.
"The more desirable content they have, the better they will be able to compete in terms of trying to sell a subscription offering at a time there's so much competition for subscription-based services," said eMarketer senior analyst Paul Verna.
Bob Iger will remain Disney's chairman and CEO through the end of 2021, at the request of the board of directors of both companies. Disney emphasized the importance of Iger to integrate the acquisition, saying in a statement that "extending his tenure is in the best interests of our company and our shareholders."
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Blue_Adept
(6,399 posts)It'll be the kind of competition I'm looking for with Netflix. Amazon Video is sadly a mess, Hulu is a waste, not much in the way of options beyond that of the same kind of scale. Especially one that looks and works globally.
I'm still expecting the Fox purchase to exist as its own fiefdom like Pixar and Lucasfilm and Marvel Studios do, so they'll be the "Touchstone" of this era, able to do the films Disney proper doesn't. And we'll see lots of properties blending into creative things.
Fox was simply unable to grow in the new environment and compete and this was their best option, for them and stockholders and consumers. They grew too big several years ago without a good plan. Hell, the creation of FXX alone was a huge mistake that diluted their brand. This'll hopefully help to pare them back, streamline, and move forward better.
Liberal In Texas
(13,556 posts)"Staying with 21st Century Fox is the Fox broadcast network and its 28 TV stations, the Fox News and Fox Business channels, and the national Fox Sports 1 and Fox Sports 2 networks and cablers Big Ten Network and Fox Deportes. Notably, the 50-acre 20th Century Fox lot in Century City will also remain with the new Fox company."
http://variety.com/2017/biz/news/disney-fox-merger-deal-52-4-billion-merger-1202631242/
MrsCoffee
(5,803 posts)FarCenter
(19,429 posts)FarCenter
(19,429 posts)Holders of Murdoch’s 21st Century Fox Inc. will get 0.2745 Disney share for each Fox share, for assets including the movie and TV production house, a 39 percent stake in Sky Plc, Star India, and a lineup of pay-TV channels that include FX and National Geographic, the companies said in statements Thursday. The price amounts to about $29.54 a share, based on Disney’s closing price Wednesday.
Via a spinoff, the mogul will continue to run Fox News Channel, the FS1 sports network and the Fox broadcast network in the U.S. Disney Chief Executive Officer Bob Iger will remain in his role through 2021, the companies said. Fox plans to complete its planned acquisition of the 61 percent of European broadcaster Sky that it doesn’t already own, which will wind up in Disney’s hands.
https://www.bloomberg.com/news/articles/2017-12-14/disney-buys-fox-assets-in-52-billion-breakup-of-murdoch-empire
Blue_Adept
(6,399 posts)When Murdoch got it the thing really turned to crap and a lot of people jumped off of it quick.
FarCenter
(19,429 posts)And History is pretty much non-historical.
