The Mouse clearly isn’t a tiny one in the media world. According to major news reports, Disney has just acquired 21st Century Fox’s film and TV studios divisions for $52.4 billion (roughly P2.7 trillion!), merging two of the world’s biggest entertainment companies and changing the media landscape.
As cited by news stories, the acquisition covers movie studio 20th Century Fox, TV production arm 20th Century Fox Television, and entertainment-oriented cable networks such as FX and National Geographic. Disney is also taking over Fox’s stakes in international networks like Star TV and Sky.
Disney is also importantly gaining control over Hulu in an effort to shake up digital programming and overturn its biggest streaming rival, Netflix.
Meanwhile, Fox is still retaining control of the Fox broadcasting network, Fox News, Fox Sports, and Fox Business brands to focus more on their more profitable news and sports broadcasting divisions.
While the business world is buzzing over this landmark deal, over here we’re just fixated on the idea that Marvel is finally completing its Cinematic Universe.
Thoughts on this? Let us know in the comments!
