Stories
Slash Boxes
Comments

SoylentNews is people

posted by Fnord666 on Friday December 15 2017, @08:38AM   Printer-friendly
from the eaten-by-the-mouse dept.

The Walt Disney Co. has set a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch's empire. The deal between Disney and 21st Century Fox marks a historic union of Hollywood heavyweights and a bid by Disney to bolster its core TV and film businesses against an onslaught of new competitors in the content arena.

Disney is betting on an ambitious purchase of a sizable chunk of 21st Century Fox, hoping that more cable networks, production studios and other properties will buoy it into the future as it dives into the direct-to-consumer streaming distribution business with sports and entertainment services planned to launch in 2018 and 2019, respectively.

http://variety.com/2017/biz/news/disney-fox-merger-deal-52-4-billion-merger-1202631242/

Also at The NYTimes, The Verge, and the The LATimes


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Insightful) by Anonymous Coward on Friday December 15 2017, @09:05AM (3 children)

    by Anonymous Coward on Friday December 15 2017, @09:05AM (#610200)

    Why not merge the entire entertainment industry into one corporation. The plebs care not by which hand they are fed their diet of bread and circuses.

    Starting Score:    0  points
    Moderation   +3  
       Insightful=2, Touché=1, Total=3
    Extra 'Insightful' Modifier   0  

    Total Score:   3  
  • (Score: 5, Insightful) by Rosco P. Coltrane on Friday December 15 2017, @09:32AM

    by Rosco P. Coltrane (4757) on Friday December 15 2017, @09:32AM (#610206)

    One or five, it's the same thing when they're all in bed with each other, and the government makes the bed.

  • (Score: 2) by MostCynical on Friday December 15 2017, @09:40AM

    by MostCynical (2589) on Friday December 15 2017, @09:40AM (#610208) Journal

    Because they don't know how to carve up the profits without mergers and lawyers sorting it out.

    --
    "I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex
  • (Score: 0) by Anonymous Coward on Friday December 15 2017, @05:43PM

    by Anonymous Coward on Friday December 15 2017, @05:43PM (#610370)

    Exactly. Another too-big-to-fail corp.