Disney closes $71B deal for Fox entertainment assets

Cars enter and leave Fox Studios, Tuesday, March 19, 2019, in Los Angeles. Disney has closed its $71 acquisition of Fox’s entertainment business on Wednesday, March 20, in a move set to shake up the media landscape. The closure paves the way for Disney to launch its streaming service, Disney Plus, due out later this year.

By buying the studios behind “The Simpsons” and X-Men, Disney aims to better compete with technology companies such as Amazon and Netflix for viewers’ attention - and dollars. Disney CEO Bob Iger said in an earnings call in February that Disney Plus and other direct-to-consumer businesses are Disney’s “No. 1 priority.”

In addition to boosting the Disney streaming service, expected to debut next year, the deal paves the way for Marvel’s X-Men and the Avengers to reunite in future movies. Though Disney owns Marvel Studios, some characters including the X-Men had already been licensed to Fox.

Source: News Formal (newsformal.com)

Here's what also happens in this deal they dont tell you. 1. All of these properties go to Disney's new streaming services which means you will never see them again on hulu Netflix and even Amazon so goodbye to fair competition and hi monopoly

So many people making predictions of streaming service don't get that it's been announced a long time ago lol it's called Disney+

It's not like the Simpsons isn't already dead.

Now they got the Chronicles of Narnia back.

Fox and FX are part of the regular cable line up...in what ways do they plan to compete for our dollars? DisneyFoxDeal DisneyFoxMerger DisneyFox

Now Disney give us deadpool and spiderman

So are they just gonna take Disneyland and put it on a little island somewhere now 😂 the Simpsons kind of predicted that too

Monopolies are bad. Ok children.

They need to quit rehiring Pedophiles.

Monopoly

I can’t lmao Disney sucks child friendly my ass

JacobMaichel this goes back to the monopoly convo the other day

How long will it take for them to recoup the $71 billion?

Thus the end of the Simpson s .....

This is not good, Disney is going to raise the price of there streaming service even more and the only way to watch these shows is through them. Smh

71 Billion dollars explains the increase in Disney theme park tickets......

Yes, clearly having one studio own like 80% of the box office helps to INCREASE 'competition'

This doesn’t sound great. And I see Disney raised their prices again!

I smell trouble

The beginning of the end of Netflix. It had to happen.

They'll blow it.

I don't see how Disney, a supposed family network, can carry FoxNews with their hate propaganda. I hope they get rid of the opinion pundits and stick to real news journalists.

The Mouse (Florida's name for Disney and its Orlando complex) must be burping with indigestion. I sure am -- from the lack of antitrust opposition to this mega-merger. That one huge company should control so much content availability + pricing is truly alarming. ConsumerReports

Tell me when Murdoch is gone. Ill reconsider state run news

Ugh

There should be a Monopoly law .

If this doesn't happen now, I will be severely disappointed 😮. (via morpehus306)

At some point Amazon prime and Netflix will have a streaming competitor

take all my money Disney

yolanda49305 mason4922 Fueling Fox News so if their advertising leaves they can still spew the FAKE NEWS

Firefly season 2.

Fuck Disney

So...about FoxNews...

'dread it, run from it, destiny still arrives'

Ever since Disney took over the Marvel franchise, I have grown sick to death of superhero movies.

So it begins

Netflix will be the next target. Too many streaming service choices will split subscribers between services. Consolidation will be the natural next step

That's becoming some streaming service not yet born

China

Tina and Louise Belcher are now Disney princesses and WHY IS THAT NOT THE MAIN HEADLINE HERE!?!?!?!

That means Lisa Simpson is officially a Disney Princess! 👸

Think the bias and slant and spin of the media won't get worse....soon will all just read books and throw out the TV for sanity sake .

Whether Disney is cashing out or cashing in, let them begin

Monopolies are a good thing, rite? Guyz?

Disney is trying to takeover the world.

And they will win. Sorry it's the truth.

Can they kill Fox News? Please?

Is this news or a press release?

yes this is a competition

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