The Walt Disney Company to Acquire 21st Century Fox Assets Resulting in Majority Control Over Hulu

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Dec 14, 2017.

  1. MacRumors macrumors bot

    MacRumors

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    Following weeks of news coverage about the potential acquisition of certain Fox assets by The Walt Disney Company, today the confirmation of that acquisition has come from Disney with a press release detailing the specific parts of Fox that will now merge into Disney. Notably, Disney has acquired 21st Century Fox, including Twentieth Century Fox Film and Television Studios and Fox-related cable and international TV businesses, for $52.4 billion in stock.

    The "definitive agreement" between Disney and Fox will still need to face various customary closing conditions, including shareholder approval and other regulatory and antitrust reviews.

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    Movie assets that are now Disney-owned under 21st Century Fox include Fox Searchlight Pictures and Fox 2000, homes of movies like Avatar, X-Men, Fantastic Four, Deadpool, The Grand Budapest Hotel, The Shape of Water, and Gone Girl. Disney also now owns Fox's TV production companies including the previously mentioned Twentieth Century Fox Television, as well as FX Productions and Fox21, which brought viewers shows like The Simpsons, This Is Us, and The Americans.

    On the TV network and streaming side of things, Disney has also acquired FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India, Sky plc, Tata Sky, Endemol Shine Group, and most notably Fox's 30 percent stake in Hulu. With this particular asset acquisition, Disney is now a majority shareholder of Hulu.
    According to Disney, all of these new assets will build on the company's "commitment to deliver the highest quality branded entertainment," as well as fuel Disney's ability to "create more appealing content." The company also references its intent to deliver a "more compelling" entertainment experience to Disney consumers "whenever and however" they choose.

    Specifically, Disney said that the Fox assets will even accelerate its use of certain technologies, including the recently acquired BAMTech platform, which it aims to use for its solo-streaming service. The company said these advancements will create more ways for Disney storytellers to share content with audiences, while providing those audiences more choices for how they consume film and TV.

    For these reasons, the company said that the newly announced Disney streaming service, ESPN service, and Hulu will all benefit from the Fox acquisition.
    Important assets being left out of the deal and staying with Fox include the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2, and Big Ten Network. Immediately prior to the acquisition 21st Century Fox separated all of these assets out into a newly listed company and will spin off ownership among its shareholders.

    There are plenty of more details about the Disney-Fox deal -- including the "reuniting" of X-men with Disney-owned Marvel -- which can be found in Disney's press release.

    Article Link: The Walt Disney Company to Acquire 21st Century Fox Assets Resulting in Majority Control Over Hulu
     
  2. Skyrunner1 macrumors newbie

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  3. Kajje macrumors 6502a

    Kajje

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    #3
    Apple couldn't get it because the industry didn't want that.
    So their subsidiary Disney bought it
    and sells it to mr Scrooge next week
     
  4. Gorms macrumors 6502

    Gorms

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    #4
    Feels weird that I get to post this on MR but... YEAAAAAAAAAAH. Now, Let's get Doctor Doom in the MCU. And then lets do a Galactus storyline after that arc wraps up. Don't merge the MCU and X-verse though.
     
  5. ceparker27 macrumors member

    ceparker27

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    #5
    So with this, is there any Marvel character Disney doesn’t outright own?
     
  6. hinesmj macrumors 6502

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    #6
    Asking seriously...why?
     
  7. einsteinbqat macrumors regular

    einsteinbqat

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    #7
    Spidey
     
  8. Macyourdayy macrumors 6502

    Macyourdayy

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    #8
    That's your take on this tectonic change in media assets and control?
     
  9. chriscrk macrumors 6502a

    chriscrk

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    #9
    This feels like it should be illegal? I don't know.

    Disney will benefit greatly from this for their streaming service to compete with Netflix I guess.
     
  10. Carnegie macrumors 6502a

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    Disney hasn't acquired Fox assets. It's reached an agreement to acquire them. In order for the acquisition to happen, it needs approval from the shareholders of both companies and the relevant regulatory agencies and, assuming it gets those approvals, won't happen until late 2018 or 2019.
     
  11. nostresshere, Dec 14, 2017
    Last edited: Dec 14, 2017

    nostresshere macrumors 68030

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    #11
    As just posted by Carnegie in previous post and in the news - this is a proposed deal. Some news reports think this could take a year to conclude.

    FAKE NEWS TITLE.

    (EDIT - Title has been updated by MacRumors)
     
  12. LV426 macrumors 6502a

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    #12
    Nice. Alien vs. Predator vs. Mickey Mouse is what we're all waiting for.
     
  13. D.T. macrumors G3

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    #13
    You know what this means? ONE Quicksilver and ONE Scarlet Witch :D
     
  14. Avieshek, Dec 14, 2017
    Last edited: Dec 14, 2017

    Avieshek Suspended

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  15. H3LL5P4WN macrumors 68000

    H3LL5P4WN

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    #15
    Don't you dare give me false hope.
     
  16. Carnegie macrumors 6502a

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    They just said in the (Disney) conference call that they expect the deal, assuming it gets the necessary approvals, to take 12 to 18 months to close.
     
  17. ghostface147 macrumors 68030

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  18. H3LL5P4WN macrumors 68000

    H3LL5P4WN

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    #18
    I honestly don't know how I feel about this. One one hand, megamergers no good bad bad. On the other hand, it means that whenever I go see half of the movies I see or watch the Simpsons, it doesn't give Murdoch any of my money.
     
  19. Pezboy macrumors member

    Pezboy

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    #19
    The X-men fan in me is happy, the realist in me thinks this is a bad thing since now disney almost has a monopoly on entertainment since no one can compete with them...
     
  20. Snoopy4 macrumors 6502a

    Snoopy4

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    #20
    Yay! 20 Century drumroll returns to Star Wars!

    Now for a die hard themed ride. LOL

    Acquiring Avatar makes sense with the new area of Animal Kingdom.
     
  21. Pezboy macrumors member

    Pezboy

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    #21
    Spider-Man (and Spider-Man characters) still belong to Sony. They just have a deal that allows Disney to use Spider-Man in the MCU
    --- Post Merged, Dec 14, 2017 ---
    True story
     
  22. Carnegie macrumors 6502a

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    #22
    Bob Iger concluded the conference call by plugging the new Star Wars movie.

    Probably should have seen that coming.
     
  23. OLDCODGER macrumors 6502a

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    #23
    As long as I can continue to get Fox News and Sports I don't care.
     
  24. DNichter macrumors G3

    DNichter

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    #24
    I cut the cord last year so I am all for streaming, but I am nervous about where this will all lead to in the future. I don't want to pay for multiple streaming services. Right now I use Playstation Vue, Netflix, Hulu, and HBO Now. I feel like there needs to be a better way to do this.
     
  25. WannaGoMac macrumors 68020

    WannaGoMac

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    #25
    If priced well i will switch. Netflix has had nothing much of interest to me in a while now...
    --- Post Merged, Dec 14, 2017 ---
    If Disney keeps buying up property, you wont need much more than Disney streaming. I am more worried that with one player controlling all the "good" content we will have a monopoly situation.
     

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