Home Entertainment Disney acquires 21st Century Fox and its Affiliates

Disney acquires 21st Century Fox and its Affiliates

by Nick Stucker

Well Disney apparently doesn’t want to stop after acquiring Marvel and then Lucasfilm, along with each mega-company’s assets. In the last half decade Disney has slowly become a major monopoly tycoon of entertainment that caters to both young children and adults. Earlier this week Disney has shown that they were not slowing down by acquiring 21st Century Fox and all of its affiliates.

While many are scratching their heads for Disney’s major purchase, others are celebrating in jubilation. This is mainly due to the Marvel Cinematic Universe films; 21st Century Fox owned major property rights to comics such as Deadpool, X-Men and Fantastic Four. With the purchase by Disney, many fans of the MCU are now expecting to see such major superhero teams join in on the action with The Avengers, Guardians of the Galaxy and other major MCU superheroes that have made their debut in the last decade.

In a press release you can read below, Disney has labeled the major assets they have acquired from 21st Century:

“Combining with Disney are 21st Century Fox’s critically acclaimed film production businesses, including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, which together offer diverse and compelling storytelling businesses and are the homes of Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian—and its storied television creative units, Twentieth Century Fox Television, FX Productions and Fox21, which have brought The Americans, This Is Us, Modern Family, The Simpsons and so many more hit TV series to viewers across the globe. Disney will also acquire FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox’s interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group.”

With Disney’s latest release of Star Wars: The Last Jedi and the projected profits the film will bring over the weekend, the new revenue generating assets that Disney now owns makes you only wonder what Disney will purchase next and what kind of new revenue records the company will soon be setting.

There is a darker side to this acquisition too. Disney becoming a major monopoly and possibly violating the United States’ antitrust laws. While many will see that Disney is well managed and doesn’t represent a threat to other consumer products, with their acquisition of 21st Century and all of its assets, along with owning Marvel and Lucasfilm, Disney has now perfectly placed itself at the very epicenter of consumer goods and product entertainment. However no such allegations have been raised at this time.

No doubt these last few years have been very profitable and exciting for Disney; we can only guess what their next move in the economy will be and what kind of excitement they’ll generate next year in 2018.

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