Disney acquires Fox in preparation to take on Netflix

Disney_Fox

We all know Disney+ is in the works right? If you don’t know, then this is it. Disney is planning to launch its own media streaming service called Disney+ which makes sense considering the effect streaming movies have had on cinema revenue where studios like Disney make most of their money from. The deal was made before now and it took about 9 months for everything to be finalized plus a whopping sum of $71.3 billion. However, the deal does not include Fox broadcast network, Fox News and Fox Sport as they will now be a separate company called Fox Corporation. This is because corporations can’t own more than one broadcasting network and Disney already have ABC.

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What is involved

The deal solidifies Disney’s position as the giant of Hollywood with access to all of Fox intellectual properties and its associated brands like Fox Searchlight. You can add this to other Disney subsidiaries like Pixar, Marvel, Lucasfilm and so on. Furthermore, Disney will also be getting Fox’s Blue Sky Studio which made the Ice Age series and some other interesting animations. There is the addition of movies like X-Men, Avatar, Fantastic Four as well as TV series like Empire, Grey’s Anatomy, The Simpsons and so much more. The list goes on and on with a massive boost in content at Disney.s disposal.

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In addition to its 30 percent stake in Hulu, the Fox deal also brings another 30 percent stocks to the table rounding it all up to 60 percent. This makes it the majority owner of the streaming service with AT&T’s WarnerMedia owning 10 percent and NBC having 30 Percent. Whether the company will decide to buy out the other partners is unclear at this point but with the resources at its disposal, Disney+ is bound to be a hit if everything goes well.

However, you can’t ignore the competition from other companies like Netflix, Amazon, and the upcoming ones from other giants like Apple and even Comcast.