Disney Makes Deal for 21st Century Fox, Reshaping Entertainment Landscape (nytimes.com)
Disney is going all in for its upcoming fight with Netflix and other streaming giants. The Walt Disney Company said Thursday that it had reached a deal to buy most of the assets of 21st Century Fox, the conglomerate controlled by Rupert Murdoch, in an all-stock transaction valued at roughly $52.4 billion. From a report: To complete the integration, a legacy-defining task, Robert A. Iger, Disney's chief executive, agreed to renew his contract for a fourth time, delaying retirement from July 2019 to the end of 2021. While the merger still requires approval by antitrust regulators -- and the Justice Department recently moved to block a big media company from becoming even bigger -- the once unthinkable acquisition promises to reshape Hollywood and Silicon Valley. It is the biggest counterattack from a traditional media company against the tech giants that have aggressively moved into the entertainment business. Disney now has enough muscle to become a true competitor to Netflix, Apple, Amazon, Google and Facebook in the fast-growing realm of online video. Alternative source: Variety.
https://www.youtube.com/watch?v=D3O1MC1AqvM
Does that include the fake news business? Micky mouse meets a gay liberal muslim conspiracy to give everyone affordable healthcare!
Seriously The Force Awakens just felt wrong just going straight into the movie without it.
Nah, better to nuke 'em from orbit.
We wouldn't want that bastion of fair and balanced quality journalism to be tainted by Disney.
It's like the media in the SOVIET UNION.
That's it. I'm Boycotting all Disney products. I hope people wake up and start doing this before they completely destroy the entertainment industry. I was feeling uneasy about them for a while, but this is the last straw. They need to be made to divest of a large part of their recent acquisitions. This kind of monopoly is good for no one.
I like my dinosaurs feathery, and my pterosaurs hairy (or is it pycnofibery?)
As things stand, you can't get Disney films on Netflix (I believe there's one star wars film on there right now, possibly as a test or something). If Disney buys 21st Century, then there'll be even less on Netflix as those titles get removed as well.
One wonders if this can be seen as Disney becoming a 'better competitor' or just muscling out the opposition. Netflix offers something Disney seem incapable of - that is, what the customer actually wants, rather than what a big media company says they can have. Loss of content on Netflix doesn't seem like we're moving forwards, but knowing how US regulators are, it's probably where we're headed.
Note they said "most" not all.
A list non the less.
https://en.wikipedia.org/wiki/List_of_assets_owned_by_21st_Century_Fox
...if he wasn't a frozen head in a jar.
the back catalog for ever. For every stream of a movie.
Domestic spying is now "Benign Information Gathering"
With Fox finally rolled under Disney's control the conservative rednecks will not have any news outlet to listen too
as I expect posters here will soon say.
I must have missed something: what online video capability does Fox have? They are just buying the content.
I believe in low regulation, but think the government needs to step in when the market becomes uncommunicative, whether that be the desktop OS market, the internet service provider market, the search engine market or the movie industry. Unfortunately, both parties are now bought and paid for by industry, and are completely unwilling to intervene in uncompetitive markets.
An increasing number of markets are tending towards monopolies, and in all cases the company in charge is abusing that monopoly. Rather than intervene, the government actively encourages them, banning community run ISPs, allowing mergers and removing barriers to abuse.
What we have is not capitalism and the free market, it's more like a corrupt soviet system run by a small number of elites. We desperately need to restore a competitive market place by splitting up monopoly companies.
Rupert Murdoch is probably the most politically powerful person on Earth. If he's giving up his news channels and newspapers, he could fall a few places and leave an opening for the current #2, Mark Zuckerberg.
"When information is power, privacy is freedom" - Jah-Wren Ryel
Your local FSN $5-6/mo + must be in basic level
Fox news = GOP news network!
Now only south park can bash the mouse the Simpsons will be banned from doing it!
Disney will have to much NFL now!
Am I the only one that worries about this? Disney has been gobbling up IP for the last few years with Marvel and LucasFilms and with the acquisition of Fox's movies (which include some of Marvel's IP) I find it to be a bit much. It also means there will be one less studio out there making movies in a world where other studios such as Sony and Paramount are reporting losses. There were even rumors of Sony wanting to sell their movie studio. Will Disney eat them up too in some near future?
Does that include Firefly? And will Disney let it rot, or rape the corpse?
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
holy fuck, they *really* REALLY want that first star wars movie.
21st century fox has the licenses for spiderman and x-men. Disney has said they want all marvel properties under one roof...
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If you succeed in killing netflix I guess I will renew my subscription to the piratebay.
So this would bring Deadpool, the Xmen, Wolverine, The Fantastic Four, Star Wars: A New Hope, and a large catalog of other content under the Disney brand. I think the only major Marvel property they wouldn't own would be Spiderman which Sony has the rights to and Sony is playing nice.
Of course there is a lot of other content and assets owned by Fox.
hopefully this is the real motivation. Fox has the rights to it still and has no interest in releasing it... Lucas doesn't want it out there... but if Disney owns the 1977 film rights and the Star Wars franchise rights, Lucas can no longer stop them.
Remember kids, it's not episode IV: A New Hope... just "Star Wars" where Jabba is not to be seen and Hahn definitely shoots first.
While they are at it... theatrical cuts of Empire and Jedi as well... the original emperor was freaking creepy.
On Netflix as of right now:
Lilo & Stitch
Lilo & Stich 2
Leroy & Stitch
Moana
Mulan
Hercules
Zootopia
Finding Dory
Atlantis
Tarzan II
Kronk's New Groove
An Extremely Goofy Movie
Phineas & Ferb
A bunch of the Tinkerbell movies
Fox & Hound
Mickey's Christmas Carol
Pete's Dragon
The BFG
That's all I'm going to bother to list, but there are dozens more.
My Other Computer Is A Data General Nova III.
No. Why would a private corporation want a blockchain currency whose security would depend on maintaining more processing power on the network than the rest of the world combined?
They could (if they haven't already via a partnership with Visa or other major entity) issue a DisneyCard and require it for transactions with their empire.
Netflix: movies and TV shows including exclusives.
Apple: for now, simply a reseller/renting service, nothing else.
Amazon: movies and TV shows including exclusives, but AFAIK a lot smaller than Netflix - at least in Canada.
Google: YouTube is for short videos, not full movies.
Facebook: Are you kidding me? FUCK FACEBOOK.
They did not mention Crackle, Sony's ad-ridden streaming service that cuts the video ANYWHERE to show the same fucking three ads in rotation a half-dozen times every hour. They also have some exclusives.
They also didn't mention Hulu.
Disney + 21st Century Fox has potential, as long as they're not planning to ask a higher monthly fee than Netflix. People are fucking tired of paying fees for multiple similar services.
#DeleteFacebook
They could easily buy the right to DC as well if the price was right.
... The only thing that concerns me about this is that they get the acquisition done in time to include the bodies of the Fantastic Four in the X-Men among those killed by Thanos in Avengers Infinity War. Going forward, maybe Marvel can make something out of the mess that is FF
I'm sure we've all felt a disturbance...
Before you get all giddy, this won't affect Fox News.
DC is part of Warner Bros. Buying Warner would bring Daffy Duck and Donald Duck under the same umbrella, which I imagine would raise antitrust suspicion even in a Republican administration.
Disney knows the spell is wearing off, and is looking for more space stories.
Now, they've got Star Wars, Firefly, Aliens, and who knows what else.
Believe in SPACE! Believe in a round, spinning Earth!
Space is fake. The Earth is flat. Gyroscopes don't move; hard drives don't either. The weak, yellow, winter Sun can't happen on a sphere Earth. The eclipses prove it is flat.
Solar Eclipse: https://vimeo.com/230976895
Light of the chromosphere can be observed on the back of the moon. Allais Effect
Lunar Eclipse: https://vimeo.com/92378881
Shadow is black, then changes color to reddish.
Next lunar eclipse: January 30/31, 2018 North America
Seems that the most important part in all this is that Murdoch is now the largest shareholder in Disney. Things are going to change.
He took over Disney by selling fox to Disney. Weird shit.
Honestly, if you're at the point where you get happy because one media company is buying out another, you're acclaiming one demon in favor of another, when both are completely against you. That's about the rock-bottom of brainwashing. Get help, find religion, because you're not handling your life.
My karma was manually wiped by site staff https://slashdot.org/~slshdtisctrldbysjws 18 mod up, 10 mod down = bad karma
but 56 billion is a lot to pay for those franchises. it could take 20+ years to recoup that investment. while a bonus to the deal, I doubt it's the real reason.
Apple cash: >200B
Disney Market Cap: ~166B
That doesn't seem like a contest.
After this deal, Disney will own 60% of Hulu.
Hulu > Owners
Comcast/NBC: 30%
21st Century Fox: 30%
Walt Disney: 30%
Time Warner: 10%
With CBS still going at it alone.
So it looks like the media production business, at least in the US, is now Disney #1, Sony #2 (though probably not as big as Disney after the merger), and everybody else including all the indies on Youtube and Amazon/Netflix 0.5. Who is left that Sony could buy into in the production game that would make any difference? Or could Amazon or Netflix buy Sony and end-run it?
On the media side, Comcast & friends should watch their back. Hulu effectively becomes a Disney property with Comcast et al just along for the ride. Disney & Comcast both own old-time network TV, but Disney already has ESPN so they don't need Fox Sports - Murdoch can keep it. The main thing Comcast has that Disney doesn't is a major cable/ISP system; but Disney as a brand is so big that Comcast would get in a lot of trouble if they try to fiddle access to it NN or not. Though wasn't there a rumor a while back that if AT&T couldn't get Time-Warner cable (NOTE: does not include Warner Bros. studio) Disney would bid for it?
Definitely, we're in the final round of consolidation here. Not to a monopoly, but moving toward effective duopoly with a few small companies tagging along. And unless AT&T can grab a big production/distribution house of their own they will be one of the small-time tag-alongs before long.
That this results in Disney releasing the theatrical edition of Star Wars, AKA Star Wars Episode IV: A New Hope. I like my DVD special edition but would prefer a 4K restoration.
Ok, so you think Disney has too much of a monopolistic influence in entertainment. I disagree that it is a significant problem, provided that the contracts of the key content creators they have under their control are not unreasonably coercive. Being a bigger content provider does not worry me. I would be worried if they started buying and operating movie theaters or broadband networks (ie, buying Comcast).
Disney is fundamentally a creator of content. They own ABC and want to have their own streaming service, but the foundation of their power is the content they create.
They are not in a position to prevent other groups from creating content, and nothing they do can diminish the quality of the content.
Putting it another way, you are allowed to like both DC and Marvel comics. You are allowed to like Star Trek and Star wars. You may like one better than the other, but within the constraints of your own time and budget, you are free to enjoy both.
Unless they are in a position to force customers to be unable to watch competitors offerings, I do not see any real problem here.
Clearly you see a problem, but what is an ideal situation for you, and how does it change things from how they are now for a typical consumer?
END COMMUNICATION
Take the "esh" out of "Reshaping" and you'll have an accurate story title.
Like back when Disney bough star wars, and princess Leia became a Disney princess, I wonder who is affected by this change.
So who are the new Disney princesses?
Deadpool, for sure. But who else?
TFS makes it sound like this is all about competing with streaming services. Fox is not into streaming (at least not in any significant manner), so why is this positioned as being something to compete with streaming services? This marriage made in heaven will only result in one dragging the other down if they don't get their act together.