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Disney Makes Deal for 21st Century Fox, Reshaping Entertainment Landscape (nytimes.com)

Posted by msmash on from the big-bucks dept.

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.

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  1. Does that include by Anonymous Coward · · Score: 3, Insightful

    Does that include the fake news business? Micky mouse meets a gay liberal muslim conspiracy to give everyone affordable healthcare!

    1. Re:Does that include by Mashiki · · Score: 1, Insightful

      Uh no, actually, the current era began with an incident on

      Well I didn't really want to go that far back, but if we really want to we can start with 60 minutes back in the 1970's. I'm sure you already know that one.

      Man, that is a crazy conspiracy Mashiki, and you don't even have a reason to blame the... You know, you wouldn't sound so crazy if you didn't make up such hysterical bullshit, but stuck to facts. Actual provable events.

      Not your foaming at the mouth hyperbole.

      Guess that's why some schools in the UK have seen a 2800% increase in kids suddenly claiming to be trans right? Not been paying attention at all? I guess not.

      Nope, I'm a citizen of the United States, and you may not understand this, but I want healthcare EVERYWHERE in my country, and more to the point, there are some practical considerations that necessitate my ability to cross state lines to get healthcare, as the boundaries of states were not set according to population or economics

      How do you think it works in Canada? You know the single payer system that the left loves in droves? Each province is responsible for the level of healthcare. The federal government has no input. The fact that you want some bureaucrat in Washington to decide if Atlanta gets a new hospital is sure telling.

      Everybody everywhere has rationed healthcare. That's because health care resources are not infinite or unlimited.

      Except the part where healthcare is rationed because the government is unwilling to pay for it right?

      That's a choice. Not a necessary element. If you don't like it, write your Prime Minister.

      Again showing your ignorance. The PM has nothing to do with the state of healthcare in Canada, The premiers of each province do. On top of that, it is a necessary element otherwise you'd be as broke as someone in the US if you're a person who requires medications or specialized care. Why don't you go take a look at the green shield website and get an idea of how much you're gonna pay out, because many things aren't covered.

      And what happens in the United States?

      What's the difference between Canada and the US again? Right. You can't pay for your own healthcare in Canada at all, everyone get's in line and you just might die from waiting. Where as if you have money in most cases you can get that care.

      Oh well, it's ok, I still remember you lying about

      Can't figure out how that's related, but I've got a very good idea who you are now. I'll remind you, that it was the NDP that shut down the coal power plants and drove the price of electricity through the roof as well. And also required the utilities to build more transmission towers to cover cities that were suddenly off the grid. There's no lie in that.

      I do like how you're so scared to stick your name behind what you're saying though. Such convincing truths after all.

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  2. Boycott Disney by theguyfromsaturn · · Score: 3, Insightful

    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.

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    I like my dinosaurs feathery, and my pterosaurs hairy (or is it pycnofibery?)
    1. Re:Boycott Disney by MitchDev · · Score: 3, Insightful

      Used DVDs/Blu-rays are a good deal and the media corps get NOTHING from the resales...

  3. Yay, More Monopolies! by Anonymous Coward · · Score: 5, Insightful

    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.

  4. Concentration of Intellectual Property? by substance2003 · · Score: 5, Insightful

    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?

  5. This has to due with the marvel stuff. by Truekaiser · · Score: 3, Insightful

    21st century fox has the licenses for spiderman and x-men. Disney has said they want all marvel properties under one roof...

  6. Re:Fox news = GOP news network! by Mashiki · · Score: 2, Insightful

    Call me back when any of those networks gets caught colluding with the DNC

    CNN politico Washington Post. That's all from the 2016 election cycle, they all colluded. So did all those other networks I listed, you can find them all right in the DNC email leaks. There's dozens on top of dozens of stories on major networks getting caught sending stories to the DNC to make sure the narrative was correct, directly publishing articles from the DNC. Hell Donna Brazille was caught giving the Clinton camp debate questions before the debate from CNN. You get that? They all colluded.

    Or better yet, don't call me at all you nazi.

    And the current state of the political left rears it's head. Anyone who dares to question the narrative = nazi. You truly are pathetic people.

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