Disney Completes Fox Acquisition

Discussion in 'HardForum Tech News' started by AlphaAtlas, Mar 21, 2019.

  1. AlphaAtlas

    AlphaAtlas [H]ard|Gawd Staff Member

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    In spite of regulatory hurdles and anticompetetive accusations, The Walt Disney Company completed their acquisition of Fox yesterday. Disney themselves value the deal at about $71 Billion, and say they expect to make at least $2 billion from it by 2021. As we've noted before, the deal could have a significant impact on Hulu, as Disney is now a majority shareholder in the company with a 60% stake, while Comcast only owns 30% and AT&T owns a non-voting 10%. Some might expect Disney's competitors (and their shareholders) to be worried about the portfolio they've amassed, but Netflix's stock price actually rose 5% in the wake of the merge, while Disney's was relatively flat.

    The acquisition includes 21st Century Fox's renowned film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation; Fox's television creative units, Twentieth Century Fox Television, FX Productions and Fox21; FX Networks; National Geographic Partners; Fox Networks Group International; Star India; and Fox's interests in Hulu, Tata Sky and Endemol Shine Group. Disney and 21st Century Fox entered into a consent decree with the U.S. Department of Justice last year under which Disney will divest 21st Century Fox's Regional Sports Networks. Earlier today, 21st Century Fox completed the spin-off of a portfolio of 21st Century Fox's news, sports and broadcast businesses, including the FOX News Channel, FOX Business Network, FOX Broadcasting Company, FOX Sports, FOX Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network, and certain other assets and liabilities, into Fox Corporation.
     
  2. The Mad Atheist

    The Mad Atheist Gawd

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    Soon to be renamed to 20th Century Mouse, ect ect ect.
     
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  3. Patton187

    Patton187 Gawd

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    I hate Disney so much. Walt would hate it now too.
     
  4. modi123

    modi123 [H]ardness Supreme

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    So Klinger is an official Disney Princess? Woohoo!
     
  5. OFaceSIG

    OFaceSIG [H]ard|Gawd

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    I understand Capitalism. Capitalism has done more to lift people out of poverty then any other force on Earth. I know it's value. What I don't understand is allowing these MASSIVE corporations to continue to grow and swallow everything else like the Borg. Why do we allow EVERY industry to be controlled by one or two giant firms. It's infuriating.
     
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  6. BloodyIron

    BloodyIron 2[H]4U

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    I wonder if Disney will get them to stop spreading propaganda on their news networks then...
     
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  7. Uvaman2

    Uvaman2 2[H]4U

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    Sick of Disney's corporate beige.
    I can like some things, but shit, they are a corporate beige behemoth, and I am sick of 'beige' in general.
     
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  8. mwallek

    mwallek Limp Gawd

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    The new Amazon of entertainment, and by the look of what the studio is producing, a soulless future will be enjoyed by all.
     
  9. Madoc

    Madoc Gawd

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    That's one fat mouse.
     
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  10. the-one1

    the-one1 2[H]4U

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    And here I thought the future of media would be controlled by ABCNNBCBS. Who'd ever thought it would be Disney?
     
  11. AlphaAtlas

    AlphaAtlas [H]ard|Gawd Staff Member

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    My vote for "favorite new Disney princess" goes to Lana.

    Disney already owns ABC. TBH, I have a hard time keeping track of the ownership chains these days...
     
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  12. PeaKr

    PeaKr Gawd

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    Walt was a staunch conservative, he's been spinning in his grave for decades.

    Because politicians don't enforce antitrust law anymore, like the Sherman Act. Most of them work for Megacorp.

    Fox News isn't a part of 21st Century Fox and you have the propaganda part backwards.
     
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  13. modi123

    modi123 [H]ardness Supreme

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    Here's a giant infographic to help from, oddly, Titlemax link.
     
  14. SvenBent

    SvenBent 2[H]4U

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    Capitalisms is like fire. A Powerfull servent. But a horrid master

    The isue is that the US has lifted this fire to goodlike statue and the fire got out of control.
    We need to tame it again to make sure to get the warmth from it, without our house burning down.
     
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  15. Aireoth

    Aireoth 2[H]4U

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    Its not capitalism anymore, its corporatism that pretends to be capitalism.
     
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  16. katanaD

    katanaD [H]ard|Gawd

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    since they now own hulu, it wouldnt make much sense for them to harm it. I could actually see them folding their own streaming service into hulu, as an add-on package if anything
     
  17. Guarana [BAWLS]

    Guarana [BAWLS] [H]ard|Gawd

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    Fox News and other parts are turning into their own network(s?)

     
  18. AlphaAtlas

    AlphaAtlas [H]ard|Gawd Staff Member

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    Based on what I've seen, it seems that Disney will be launching their service as something seperate, and they can't necessarily take over Hulu since Comcast still owns a 30% stake. That puts Hulu in the akward position of competing with the company that owns a majority stake in it.


    You aren't wrong though. My money is on a slow, subtle assimilation/merging of the services, kinda like AT&T is doing with U-Verse and DirecTV
     
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  19. katanaD

    katanaD [H]ard|Gawd

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    one thing, that for the life of me, i havent been able to figure out is WHY.. ROKU hasnt taken more of a lead in the whole streaming services. Their device is a perfect platform to combine all the separate streaming services and have 1 billing service.
     
  20. geniekid

    geniekid n00b

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    Does this mean the X-Men are going to save the Avengers?
     
  21. Aireoth

    Aireoth 2[H]4U

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    More likely the Fantastic Four, the X-Men are actually kind of underwhelming (most of them can die to a simple bullet) and Reed is the one that cracked the secret of the Infinity Gauntlet.
     
  22. vegeta535

    vegeta535 2[H]4U

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    Probably when they reboot the universe and start fresh in a couple years. With having F4 too they could do the proper story.
     
  23. Dead Parrot

    Dead Parrot 2[H]4U

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    the really horrible thought is just how many of the SJW objectives this would meet!
     
  24. bobdabilder

    bobdabilder Limp Gawd

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    They don't own cnn.
     
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  25. Legendary Gamer

    Legendary Gamer Limp Gawd

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    No, Kathleen Kennedy will. She'll show up in a Force is Female tee shirt, stare down Thanos, he will soil himself and agree to set things right again.
     
  26. awawa

    awawa n00b

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    Best definition I've ever seen. QFT.
     
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  27. HVAC

    HVAC n00b

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    House of LucasFoxMouse
     
  28. Kinsaras

    Kinsaras 2[H]4U

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    Don't forget the queen Alien from Aliens.
     
  29. AlphaAtlas

    AlphaAtlas [H]ard|Gawd Staff Member

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    That's a heck of a chart. I'll link that in the front page post, thanks.
     
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  30. BloodyIron

    BloodyIron 2[H]4U

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    Incorrect : https://en.wikipedia.org/wiki/Fox_Corporation

    Fox Corporation, now owned by DIsney, was 21st Century Fox, is the parent company of Fox News.

     
  31. ConnerLeo

    ConnerLeo n00b

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    Does that make Mr Burns a Disney villain now?
     
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  32. BloodyIron

    BloodyIron 2[H]4U

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  33. BloodyIron

    BloodyIron 2[H]4U

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  34. Keno

    Keno [H]Lite

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    At what point does this become anti-competitive. Surely this can't be good for the consumers.
     
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  35. Derangel

    Derangel [H]ard as it Gets

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    Nope. The final cut of Endgame was completed already. Unless they put something together completely last second (like the end-credits scene for the first Avenger's movie) there will be nothing about F4 or X-Men in Endgame itself or in the credits.

    Disney does NOT own Fox News. Stop using Wiki as source and look at the damn news that has been discussed on this merger for over a year.
     
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  36. RealBeast

    RealBeast Gawd

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    Try to keep up. Disney does NOT own Fox News. Fox news was spun off with some other assets Tuesday and is still controlled by Rupert Murdock. Paul Ryan is on the new board of directors.
     
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  37. Ski

    Ski Gawd

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    Fixed that for you.

    Once you understand the terminologies, then the control will make more sense.
     
  38. nutzo

    nutzo [H]ardness Supreme

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    I wonder if Disney will ever stop spreading propaganda on their non-news channels.
     
  39. OFaceSIG

    OFaceSIG [H]ard|Gawd

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    This is 100% true. Disney is going hard on SJW. Look what they did on Captain Marvel. They hired the perfect little millennial, Brie Larson. Bree Olson is more reality grounded individual.
     
  40. 1Nocturnal101

    1Nocturnal101 Gawd

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    Ok so you don't want a monopoly, but from a governments prospective What is easier? Managing/regulating and investigating 5-10 different corps, or only 2. I guess it would be a matter of resources and how much in tax revenue you would want to tie up.