A recent acquisition between two of the most prominent television and entertainment companies in the United States could change the course of entertainment in the country. Walt Disney Co is all set to acquire 21st Century Fox, which will entirely go into effect in the early months of 2018. The decision to go through with the acquisition was taken after 21st Century Fox decided to put up their stake for sale to focus entirely on their news and broadcasting segments of the company. The amount that Walt Disney is set to put into the deal is estimated at around $60 billion and can have a massive impact on the net worth of 21st Century Fox as a whole.
Disney Plans To Acquire 21st century Fox, Spots And Comic Book Fans Ecstatic
1. Disney Plans To Acquire 21st century Fox,
Spots And Comic Book Fans Ecstatic
A recent acquisition between two of the most prominent television
and entertainment companies in the United States could change
the course of entertainment in the country. Walt Disney Co is all
set to acquire 21st Century Fox, which will entirely go into effect in
the early months of 2018. The decision to go through with the
acquisition was taken after 21st Century Fox decided to put up
their stake for sale to focus entirely on their news and
broadcasting segments of the company. The amount that Walt
Disney is set to put into the deal is estimated at around $60 billion
2. and can have a massive impact on the net worth of 21st Century
Fox as a whole.
The deal would prove to be one of the biggest positives for Disney
as a whole. For one, it would increase the scope of the television
shows and movies that they send into production. The acquisition
of 21st century Fox means that the company will also be getting
the rights to some of the Marvel franchises that the company
currently has the rights to. This could even prove beneficial to the
company as they make their shift from television to online
streaming. Disney is aiming to pull out their shows from Netflix
and showcase it through a streaming website of their own.
Currently, Disney has granted certain rights of broadcasting their
shows online to the popular streaming site Hulu but does not plan
to stick with them for an extended period.
For comic book lovers, this acquisition has been one of the best
things since comic books started being punished. After the
acquisition, Disney plans to up the production of comic book
based movies, as a result of the incredibly large audience that it
has for this genre. Acquiring the rights to the Marvel franchise
would mean more scope for popular superheroes to make their
way to the silver screens, and more and more hidden favorites
emerging from the shadows. There are of course concerns as to
whether or not Disney will try to put their spin on the comic
books, or stick to the stories as they are, but that is something only
time will tell.
One of the biggest movie franchises that Disney will now be able to
own as a result of this acquisition is Star Wars Episode IV: A New
Hope, which was one agreement that Fox had retained with the
original director of the movie. However, the acquisition may result
in them handing the rights over to Disney.
3. The acquisition of 21st Century Fox would also mean significant
news for sports fans. Disney is already on its way to launch its own
sports streaming website in collaboration with its sports network,
ESPN, and the acquisition of 21st Century Fox would open up
avenues through the use of Fox’s current sports channels and
networks that they operate through. Fox currently owns around
fifteen regional and national sports channels across America, and
this acquisition would allow Disney to become an even more
significant player in the sports broadcasting industry.
So what is left of 21st Century Fox? There are still a few assets that
the company plans to retain and focus on entirely. Fox News is one
of those assets that the company now wants to focus on mainly.
Fox News is one of the most prominent news broadcasting
channels in the entire country and forms a large part of the profits
that the company sees. Acquiring Fox News would be one of the
most significant assets for Disney, but that is the plan that 21st
Century Fox wants to go with.
YORKVILLE ADVISORS. Global alternative investment manager
providing specialty financing solutions.