WATCH BOX OFFICE MOVIES FOR FREE
Disney And Fox Just Approved The Big Merger
Today is a day that is probably going to go down in the history of entertainment. Both Disney and Fox shareholders met to discuss the proposed merger, and the deal has now been approved by both sides. While it will still be some time before the two companies have truly merged together, that process can now get underway.
Both meetings took place concurrently at the New York Hilton so stockholders of both companies were voting at more or less the same moment to decide the fates of both companies. Both meetings were remarkably short considering what was at stake, lasting only a few minutes each. You'd think people weren't voting on one of the largest entertainment mergers in history.
The Walt Disney Company actually livestreamed the shareholders meeting so anybody could follow the proceedings. They were about as dry as you would expect a shareholders meeting to be, but the results were anything but dull. In a room where nearly 70% of Disney shareholders were present, representing over a billion share of stock, 99% of them voted in favor of the proposal, which was the issuance of stock as compensation for the merger between the Walt Disney Company and 21st Century Fox.
The stockholder approval was one of the last major hurdles the deal needed to overcome since government regulators had already given approval to the merger. There's always the possibility that lawsuits could still be filed that could slow things down, but one way or another, this merger is moving forward.
The deal gives Disney control over the Fox TV and movie studios, as well as cable channels Nat Geo and FX, Fox's 30% holding in Hulu --which gives Disney a 60% majority share-- as well as a 39% share of European satellite company Sky. The deal was going to include Fox's collection of regional sports channels, but government regulators required Disney to divest themselves of those, so the company, who owns ESPN, would not have such a dominant position in the cable sports world.
Disney is spending $71.3 billion on the deal, a price they increased to fend off a competing bid by Comcast.
Nothing is changing overnight, but clearly, a lot will be changing in the months and years to come, and at every level of the industry. The biggest part of the deal for movie fans has been the fact that the deal returns the film rights to many Marvel characters back to the company, which paves the way for the integration of the X-Men universe into the existing Marvel Cinematic Universe. It also could mean we may see many more Fox properties integrated into Disney's theme parks.
However, it also means there is less competition in the industry as a whole and Disney is now an even larger force in entertainment than they were previously. What exactly will they do with that power?
Shareholders for the Walt Disney Co. and 21 Century Fox quickly approved their estimated $71.3 billion merger on Friday in a deal that could radically alter the media landscape.
Here Are the Fox Entertainment Properties Disney Gets in
Disney and Fox shareholders voted Friday to approve The Walt Disney Company's $71.3 billion purchase of 21st Century Fox, a deal that will add numerous big-name entertainment properties to
Disney wins antitrust approval to purchase most of Fox
It's official: Disney has acquired the film and television arms of 21st Century Fox for $52.4 billion. Considering that Disney has proved so capable at turning beloved cultural properties into
The acquisition of 21st Century Fox by The Walt Disney Company took place on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, Fox Television Group (along with cable channels such as FX), international networks, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu.
What The Disney-Fox Merger Means For Consumers - Forbes
Dec 15, 2017 · The Walt Disney Company will acquire 21st Century Fox for an astounding $52.4 billion in one of the biggest deals the entertainment industry has seen. What does this mean for the consumer? It's
Why Disney's purchase of 21st Century Fox should scare you - Vox
Disney And Fox's Shareholders Just Approved Them Becoming One Big Giant Thing once the current Fox goes to that great big studio lot in the sky. Justice approved the merger. Part of the
Disney-Fox Merger Approved - TvTechnology
Both Disney and Fox shareholders met to discuss the proposed merger, and the deal has now been approved by both sides. Today is a day that is probably going to go down in the history of entertainment.
Disney And Fox's Shareholders Just Approved Them Becoming One
Jul 27, 2018 · The 20th Century Fox movie "Avatar," along with films like "Titanic" and television shows like "The Simpsons," will be owned by Disney under deal approved by shareholders on Friday.
Fox Holders Approve Disney Merger and Megadeal Reaches Next
Disney And Fox Just Approved The Big Merger
Jun 27, 2018 · The government approved the Disney deal with Fox about six months after the merger was announced, a relatively quick timeline for the large size of the transaction.
Disney and Fox Shareholders Approve Deal, Ending Corporate
Jul 27, 2018 · 21st Century Fox Inc. shareholders approved the sale of the company's entertainment assets to Walt Disney Co. Friday, moving one of the biggest media mergers in history nearer to completion.
Acquisition of 21st Century Fox by Disney - Wikipedia
0 comments:
Post a Comment