Disney = America’s Ministry of Culture
Frankly they are all owned by the same person at this point.
Absurd how this has happened so easily.
No, it doesn’t.
Don’t change the title to ask an ignorant question.
I don’t like the Monopoly Creep this move seems to indicate.
Disney is no longer seen as Family Friendly in most of it’s
endeavors.
From what I understand, Disney is getting the Entertainment side (esp. the Film studio assets), but not the news and pubs side.
My reading is that he is selling the film and entertainment divisions (and also National Geographic, which I didn’t know he owned), but will retain the news operations, including cable and local network Fox broadcast operations.
Fox newspapers not included in the deal......
You should not change the title of the article: “Disney Makes $52.4 Billion Deal for 21st Century Fox in Big Bet on Streaming.”
Make comments and ask questions in the comments.
Yes, they will both become Mickey Mouse operations.
To prevent duplication, please do not alter the published title. Thank you.
“Does this mean that ABC and The Wall Street Journal will both be owned by Disney?”
ABC has been owned by Disney since 1996.
From the article:
“Not included in the acquisition: Fox News, the Fox broadcast network and the FS1 sports cable channel. Mr. Murdoch said he would spin those businesses and a handful of other properties, including the 20th Century Fox lot in Hollywood, which Disney is not buying, into a newly listed company.”
https://www.wsj.com/articles/disney-finalizing-pact-to-acquire-assets-from-21st-century-fox-1513203075
“”The deal would mark a significant turn for Rupert Murdoch’s media empire after decades of expansion that created a titan in the entertainment industry. The remaining Fox assets, which would be spun off as part of the transaction, would include the Fox News cable channel, the Fox broadcast network and the Fox Sports 1 sports channel. Fox also will retain real estate including its studio lot in Los Angeles, people familiar with the situation say.
Mr. Murdoch has contemplated eventually merging the remaining Fox assets with News Corp, parent of The Wall Street Journal, people familiar with the matter say. The Murdoch family owns 39% voting stakes in both companies. Such a merger is unlikely in the near term given complexities including how to manage the potential tax bill, the people say.””
Disney is after HULU. They have said they will be pulling their movies off the cable networks and that’s where they will go.
Money, money, money by the pound.
rwood