Sunday, December 17, 2017

Disney acquiring Fox means big, scary things for film and TV

It’s official: Disney has acquired the film and television arms of 21st Century Fox for $52.4 billion.

Assuming regulators allow the deal to go through (it’s expected to take at least a year to close), Disney will own the rights to everything from the Avatar movies to FX’s The Americans. Fox, meanwhile, maintains the rights to Fox News, the Fox broadcast network, Fox Sports 1, and the gigantic Fox studio lot in Los Angeles. One of the six core studios that make up Hollywood has effectively been gobbled up by another, the biggest deal of its kind in decades (probably since the 1955 dissolution of RKO, since by the time MGM finally disappeared, it had been ailing for decades, unlike Fox). Variety marks it as the second-biggest merger ever after AOL-Time Warner.

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Via: Richard C.

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