Disney to buy 21st Century Fox for $52.4 billion

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In what appears to be a huge power play for Disney, it seems that they'll be buying out the 21st Century Fox division. The media giant is attempting to bolster its repertoire in order to offer more content when the company gets its own streaming service, to compete with Netflix and Amazon Prime Video. Disney now owns the rights to certain properties like The Simpsons, Family Guy, Deadpool, Modern Family, Sky TV, X-Men, and the one Star Wars movie that Disney didn't already have in its arsenal; the first Star Wars movie. They'll also get access to Fox's 30% shares of streaming service Hulu, which means coupled with the shares that Disney already owned, they now have 60% stake in Hulu, with the remaining 40% tied to Comcast and Time Warner. While Fox's Rupert Murdoch and Disney's Bob Iger both endorse the deal, it won't be signed and sealed until it passes through the US Government. This does not spell the end for Fox, however, as they will be keeping parts of their empire, such as Fox Sports 1+2, Fox News, and Fox Business Network.

Though it's more speculation than anything, perhaps due to having Disney own some of these franchises, we might see new games created with these IPs, or maybe even remasters of older games, as Disney is no newcomer to allowing their properties to be involved in some beloved games.
 

Taleweaver

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Wow... Am i the only one wondering where Disney came up with this sort of money? I mean... Is Disney Land really that much profitable?

What frightens me is that now Rupert Murdoch has this amount of money to go round.
 

Kioku

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1984 closer and closer everyday... They ruined Star Wars now they'll ruin every other franchise with their good old socialist/feminist propaganda, great news!

Fuck Disney.
The millions of people that liked Episode 7 and Rogue One disagree. Your opinion is an unpopular one.

--------------------- MERGED ---------------------------

Wow... Am i the only one wondering where Disney came up with this sort of money? I mean... Is Disney Land really that much profitable?

What frightens me is that now Rupert Murdoch has this amount of money to go round.

Is this really something to question? Disney owns BILLIONS in franchises and has massive cashflow from thousands of sources...
 

TotalInsanity4

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Hooray more generic shitty Marvel movies. How exciting.
Honestly the only two that I thought was shitty and generic were Age of Ultron and Dark World, but really the other ones have been at least "good", if not great. I will say I'm mildly worried about Infinity War, though, unless they make it a REALLY long movie
 

the_randomizer

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Hooray more generic shitty Marvel movies. How exciting.

As long as it better than that shit pile Antman, I'll be happy.

1984 closer and closer everyday... They ruined Star Wars now they'll ruin every other franchise with their good old socialist/feminist propaganda, great news!

Fuck Disney.

Someone here loved the Prequels, I see. My condolences.
 

nashismo

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As long as it better than that shit pile Antman, I'll be happy.



Someone here loved the Prequels, I see. My condolences.

The prequels maybe weren't amazing, episode 3 was good though. Still, it is not about that, is about the independency of thought in making movies, art in general and even if the prequels weren't great, they were unique, not a thing you can say about Mary Sue Awakens or Dead looking feminist protagonist pro terrorist Rogue One.

This goes beyond you hating the prequels, it is about freedom of thought and freedom of expression through independent (somewhat) movies. A thing we don't have the luxury of having anymore in main stream cinema, now with this, even less.

Argentinian and Russian cinema are the only places were you can still find genuine independent, not necesarily corroded much by socialist themes, movies. Real stories, awesome movies, I recommend "El Maestro" from Argentina, it's a series I think, it's good!

If you speak spanish of course, I am southamerican.
 
Last edited by nashismo,

FAST6191

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Only 52 billion? Guess I am too used to the crazy overdone buyouts in the tech world. http://www.bbc.co.uk/news/business-42353545 reckons they also have 13.something billion in debt as well that Disney is taking on which brings it closer to what I imagined, especially if most of the "fox" branded TV shows that people would think of when they think that are staying with them.

Also from said article "Fox shareholders, who include the Murdochs, will get a 25% stake in the larger Disney." is all I have (not that I have looked) for the breakdown of cash and shares. Speaking of shares I wonder where each of those will go, even pending antitrust/mergers rulings.

I also await news on the fate of Sky in the UK (one of the big two paid TV services at some 12.7 million in the UK, the other being Virgin at some 5.8 million earlier this year http://www.virginmedia.com/corporate/media-centre/press-releases/virgin-media-q1-2017-results.html , UK population is 65 million) as Fox is waiting on another mergers ruling to see if they can buy all of it from their present 39%.

[minor aside as the deal does not include them] People actually like Fox news? If you want your news to dictate your views or have commentators align their views with yours then bit silly from where I stand (much prefer facts to make my own conclusions, and some analysis also based in such things and history if it is likely to be too complex) but to each their own. Are Fox news considered good at anything like that though? Even ignoring their troubles with facts, stats and logic then what gets dubbed conservatism in America (often radically different philosophies and talking points from both the historical US and present rest of the world) does not seem that well aligned with what fox news does in what I have seen from them (either the crazy stuff that makes the slightly comedic news, or the run of the mill stuff I occasionally watch in the hopes of seeing the crazy stuff as it is broadcast). I could see the loss of a partisan news source if such a setup is valuable for whatever reason (might be good for story selection if the concerns of the conservatives being your concerns where a more general/relevancy or otherwise leaning source might skip it in favour of something else) being troubling but fox news?
Would Disney be likely to kneecap a cash cow though?

Something I have not seen discussed so much is Star India and Tata Sky (a satellite TV distributor in India) also being part of this. With India on track to beat China's population in the not too distant future (2022 by UN estimates, or kids born today will never know anything other than India as the most populous place in the world) and their rapidly developing economy (and decent number of English speakers to boot) I can see the rest of this being almost a footnote in comparison. The only cloud on that horizon being will the internet be fast enough/bandwidth be cheap enough that the internet kneecaps it before it has a chance to really take off (India is an odd place for internet things -- much of the internet there is mobile and always was so it is not like mobile can be the sort of the afterthought it is in the west).
Hopefully it also means we get some stuff out of India as well -- Bollywood is amusing enough for what it is but some of the non Bollywood Indian films (think the difference between California and New York based productions, and go a bit further still) do seriously well for me.

Interesting times anyway. Not sure how much it will trouble me (Disney under their own brand seldom do much, Marvel lost their way some time before now, and Touchstone are not so hot these days either, 20th Century Fox does more that appeals but only slightly) if it does all come to pass but hey.
Wonder if it means when potentially formerly Fox Studios try some TV sci fi that they give it a chance.

Edit. Apparently several other posts happened in the meantime.
Re: Antman. Is was forgettable enough fluff but better than most Marvel efforts which I have seen in recent times. I am not likely to watch it again (most marvel efforts I don't) but unlike say putting on Thor 2 I would not be bored at the prospect.
 

FAST6191

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Do we want monopolies? It is generally considered a bad thing, especially if it also comes with the infinite copyright we basically have these days.

That said it seems some of these lumbering giants as starting to suffer death by a thousand cuts.
 
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rileysrjay

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Personally I'm looking forward to the possibility of a star wars, marvel, and family Guy crossover. Who doesn't want to see Stewie as Darth Vader battling Peter as the hulk?
 

pustal

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Wow... Am i the only one wondering where Disney came up with this sort of money? I mean... Is Disney Land really that much profitable?

What frightens me is that now Rupert Murdoch has this amount of money to go round.

Disney? It has been one of the World's most powerful companies by a long time. Not only they are extremelly successful worldwide, as they have relentless business practices, and they are strong lobbyists.

In the US they managed to extend copyright law protection from 14 years to 120. Everytime Mickey Mouse is about to go to public domain, they made polititians change the law, harming the rest of society. Mickey's copywright will expire in 2023 I believe. Walt is dead for 51 years tomorrow, and I bet you before 2023, copywright will once again be renewed. And before that they'll lobby in Europe as well, albeit I hope, with less chances of success.

Funny that most and the most successful Disney pictures are based on public domain characters.

And Rupert Murdoch has enough money to do what he pleases, I'm sure there are russian oligarchs behind him already.
 
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matpower

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Someone should call them out on their monopolising bullshit.
It doesn't matter, the government won't do an antitrust class action and people are too happy to care, like with every other megacorporation.
While I really love free market, I still believe a minimal government should regulate to keep it competitive, right now competition is pretty much dying in pretty much every sector of the market.
 
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mario5555

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Ah, the good old days.

--------------------- MERGED ---------------------------



You have some deep seated issues. Really should get those checked out.

Wow....feel free to take my place in "the food line".

You're way to trusting or naive with that line of thinking....

Never stop asking why?
 

chartube12

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*cringes*

fox news and fox sports remain with fox. Out of everything 21st centry fox's was a parent company for, these two branches remain with them. I bet this was done to decrease the likely hood of the government from blocking the sell. Disney owns ESPN already and fox news is well fox news, no body wants thier tabloid 'news' and behind information

--------------------- MERGED ---------------------------

Wow... Am i the only one wondering where Disney came up with this sort of money? I mean... Is Disney Land really that much profitable?

What frightens me is that now Rupert Murdoch has this amount of money to go round.

they made an estamated 50 billion from marvel after spending 4 billion to require them.
 

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