Disney closes its $71.3B Fox acquisition

TechCrunch | 3/20/2019 | Staff
normanorma (Posted by) Level 4
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As of 12:02am Eastern today, Disney has closed its acquisition of 21st Century Fox .

The goal of the enormous acquisition is to help Disney position itself for a streaming-centric future. The company has already taken a step in that direction with the ESPN+ streaming service, and it has plans to launch another service called Disney+ later this year, which will include new shows based on the Star Wars and Marvel universes, as well as Disney’s entire movie library.

Fox - Acquisition - Disney - Films - TV

With the Fox acquisition, Disney has even more films, TV shows and intellectual property to draw on — as indicated by the redesigned lead image on the on Disney corporate website, which now features “The Shape of Water,” “Avatar” and “Deadpool” (all Fox films), as well as “The Simpsons” and “Atlanta” (which are produced by Fox studios and air on Fox networks). It also becomes the majority owner of Hulu, with CEO Bob Iger (pictured above) saying that Disney will invest in more original content for Hulu and help it expand internationally.

In addition, the deal solidifies Disney’s already-dominant position in Hollywood — seemingly...
(Excerpt) Read more at: TechCrunch
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