#Disney Closes A $71 Billion Deal For Fox's Entertainment Assets

This is legitimately Netflix's biggest threat. And frankly, I'm sick of Netflix's messy genre, content errors, unjustified fee increases, & predominantly mediocre content. Bring it Disney! Don't forget Canada.

(TIME) — Disney has closed a $71 billion deal for Fox's entertainment assets.

Disney has closed its $71 billion acquisition of Fox's entertainment business, in a deal likely to shake up the media landscape

Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Dr. Strange” under one corporate roof.

The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year. It will also likely lead to layoffs in the thousands, thanks to duplication in Fox and Disney film-production staff.

By buying the studios behind “The Simpsons” and X-Men, Disney aims to better compete with technology companies such as Amazon and Netflix for viewers’ attention – and dollars.

Source: TIME, full story

 

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