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Disney to Buy 21st Century Fox Assets for $52.4 Billion in Historic Hollywood Merger

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

AnonTechie writes:

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

 
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  • (Score: 5, Funny) by GreatAuntAnesthesia on Friday December 15 2017, @10:59AM (2 children)

    by GreatAuntAnesthesia (3275) on Friday December 15 2017, @10:59AM (#610234) Journal

    Expect future Star Wars films to portray the Sith in a more sympathetic light.

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  • (Score: 2, Funny) by Anonymous Coward on Friday December 15 2017, @05:53PM

    by Anonymous Coward on Friday December 15 2017, @05:53PM (#610374)

    Because changing the existing films would be sacrilege. ;)

  • (Score: 1, Funny) by Anonymous Coward on Saturday December 16 2017, @02:29AM

    by Anonymous Coward on Saturday December 16 2017, @02:29AM (#610599)

    Darth Kelly Ann can describe the 'alternate facts' about how the Empire is good for everyone, and Jabba the Trump can declare tax cuts for the extremely wealthy.