Disney Buys Fox Assets for $52 Billion

Disney is purchasing  a part, well – a very huge part, of 21st Century Fox. After a few days of rumors, the Mouse House announced Thursday, December 14 that they would shell out a fantastic $52.4 billion in stock that would allow them to acquire a majority of the network’s TV shows.

Because of the big deal, which is expected to close in 12-18 months, Disney will now be the house of Fox’s most popular titles including “The Simpsons”, “X-Men” and “Avatar”. It will also earn the right to televise live games of U.S. professional baseball, basketball, and hockey as well as popular college and high school games.

In addition to making Disney a tough rival for the likes of Netflix and Amazon, the acquisition will make it easier for Disney to create movies and TV shows focusing on characters previously owned by Fox.

While there’s still no word on it yet, you may see in the future characters including X-Men, the Fantastic Four and Deadpool joining other Marvel superheroes like Spider-Man, Iron Man, Captain America, Black Widow and Thor in the Marvel Cinematic Universe.

So, how Fox will be doing after the Disney deal? The studio doesn’t purchase the network’s assets as the deal only focuses on the latter’s entertainment businesses. 21st Century Fox has announced plans to launch a new company simply dubbed “Fox” which will focus more on news and sports broadcasting business. So that means, Fox Newas Channel, Fox Business Network and FS1 among others would still be part of the company.

What do you think of the deal? Is is a wise decision for Fox to let Disney have the majority of their assets? Voice your opinion in the comment section down below, and share this article.

5 thoughts on “Disney Buys Fox Assets for $52 Billion

  • December 17, 2017 at 6:20 pm
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    “will give Disney the rights to make movies based on the X-Men comic books, adding to an already stocked cabinet of superheroes such as Iron Man and Thor.”
    AND resolves the distribution rights over the original Star Wars.

    Reply
  • December 18, 2017 at 8:12 pm
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    Another entertainment dynasty is in the making. Regardless it is a vertical integration or some horizontal alliances, many jobs will be eliminated in the process. The emerged stronger Disney will force opponents to cut jobs and become lean and mean in order to compete with Disney. This is not survival for the fittest, but rather survival for the biggest.

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  • December 20, 2017 at 7:36 pm
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    Murdoch determined that his sons are NOT competent enough to continue his legacy. SAD Rupert. Rupert is here only since 1986. But he saw writing in wall.

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  • January 17, 2018 at 8:03 am
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    and then Mickey Mouse will welcome x-men with warm smile but and then avatar just stand still with awkward expression

    Reply

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