CNN – Disney is buying a huge chunk of 21st Century Fox in a deal that promises to reshape the media industry and help the entertainment giant fend off digital rivals such as Netflix. The $52.4 billion deal will combine two of the biggest players in Hollywood. The sale represents a remarkable turn in the career of octogenarian mogul Rupert Murdoch, who is cashing out after building a major media empire. For its part, Disney () is adding even more prime entertainment assets to an already swollen portfolio as it battles upstart streaming services that have undercut the traditional cable subscription model. In addition to 21st Century Fox’s movie studio and regional sports networks, Disney is buying cable channels FX and National Geographic. Disney will also get Fox’s stakes in Hulu and European pay-TV provider Sky ( ).
Disney owns the world, right? I tweeted this out and no one can tell me that it’s false.
Also, I couldn’t even fathom $52.4 Billion. How do you even count that? I feel that after $10 billion, you just trust the other person and say “Don’t worry. I’m sure it’s all there.”
So let’s get into the real reason why I’m writing this. Disney purchasing 21st Century Fox means it is going to control most of its media assets aka its movie and television properties. The last couple of years have seen new titans come to the table in terms of movie and television services. Streaming has changed the game as we know it. Continuing with the theme of “I have no proof but I believe it,” I’d venture to say this move was made so that Disney can compete with and fend off Netflix. Netflix and even Amazon are now giant players as more and more people choose streaming services over traditional media. When Disney decided they were going to create their own streaming service, you knew they needed to acquire more properties. Well now, they just got a boatload of movies and shows.
Here are some of the franchises that Disney will own because of this deal:
- Fantastic Four
- The Simpsons
- This Is Us
- Modern Family
- Family Guy
- FX and FXX (all of its shows like American Horror Story)
- Hulu (controls 60% now)
Did I mention they already own Pixar, Marvel, and Lucasfilm? Get ready to see A LOT of this before your movies and television shows.
There are soooooooooo many questions that still need to be answered. Are the X-Men, Fantastic Four, and Deadpool the new Avengers? Will Disney now make rated R films? What happens to the shows currently on Hulu? When does their new streaming service come out?
I’m sure we will get these answers eventually, but for now, Mickey Mouse runs the world.