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Bob Iger Explains Why Disney Ultimately Decided To Buy Fox
The entertainment world was in awe when it was revealed that the Walt Disney Company had been in talks to purchase 21st Century Fox from Rupert Murdoch's Fox Corporation. The awe turned to shock when the deal was done and Disney spent $71 billion to purchase the film studio and cable channels from the media company. The deal has changed the media landscape forever, but Bob Iger admits it likely would not have happened if the media landscape were not already changing, as the decision to buy Fox was entirely because of Disney's plans to launch its own streaming service.
Last week the Walt Disney Company held a grand unveiling event to show the public Disney+, the new streaming service that is set to launch in November. Included in the service will be content from National Geographic as well as many other Fox properties like The Simpsons. All this content will certainly make Disney+ a more attractive service and Disney CEO Bob Iger admits that the content was the reason Disney bought Fox. According to Iger...
We would not have done that transaction had we not decided to go in this direction. Because if we hadnt, we would have been looking at that business and through a traditional lens: Oh, were buying TV channels. Were buying more movie-making capability, et cetera.
While buying more TV channels and movie making capability certainly has its benefit, it's not like Disney is a company in need of such things. The company's movie making arm is basically making all the money these days thanks to Marvel and Star Wars and almost every other film the studio releases. Making more money from other avenues would certainly be important, but it would take a long time for those avenues to make back the $71 billion purchase price.
However, when you add in that all of that content from those cable channels and movies will also be appearing on the new Disney+ streaming service and potentially attracting new viewers, the price begins to be paid back that much faster with every new subscription to the service. Iger tells CNBC "the light bulb went off" when it came to realizing what the Fox library could mean to the service.
When Disney revealed new Disney+ details last week National Geographic was given as prominent a place as Pixar when it came to announcing what would be available for the service. In fact, one of the original shows being produced for the service by National Geographic will follow those that take care of animals at the Disney theme parks, marking one of the first direct collaborations between Disney and a former Fox property since the acquisition.
Content is king in the streaming game and so the more Disney+ has to offer, the more subscribers it will be able to entice. The $6.99 per month price point won't hurt either.
The Russo Brothers — no stranger to combating leaks — recently said that 99% of the time, toys do not spoil movies.Well, I must finally be a member of the 1%, because toys have genuinely spoiled movies for me in the past.
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Over the many decades of their existence in Marvel Comics, the Guardians of the Galaxy have gone through a number of changes and permutations. While the Avengers of the MCU are fairly close to the early comic origin of the team, the lineup of Guardians of the Galaxy Vol. 2 only dates back to the 2008 run of the book.
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You do not have to jump from site to site to check all interesting stories about latest movies and TV Shows. This site is making that jumps for you! MovieNewsroom | How The Suicide Squad Movie Characters Compare To Their Comic Counterparts
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The Insane Amount Of Money Shazam's Suit Cost To Make As costume designer Leah Butler recently revealed The amount of money designated to produce 10 Shazam suits makes the previous controversy around the costume all the more maddening.
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Watch SNL's Funny Black Panther Deleted Scene Matt Wood. 1 year ago. Random Article Blend. Now with $1 billion in the bank worldwide, you knew that there was no way Saturday Night Live wasn't
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Filed Under: "The Suicide Squad" Pre-production should have already started on Guardians of the Galaxy Vol. 3 by now but Disney's knee jerk reaction to some decade old Tweets from James Gunn
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The creators of mock rock band Spinal Tap have scored a legal victory against film bosses after a judge ruled their US$400-million lawsuit over hit 1984 movie This Is Spinal Tap could move forward. In October 2016, Harry Shearer, who played bassist Derek Smalls in the film, filed a lawsuit alleging
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We know that the Aquaman movie is drawing heavily from Geoff Johns' run on the Aquaman comic book, and since Atlan was the final main villain of said run, it's not unreasonable to assume that he could be introduced in the Aquaman sequel. And upon watching the latest Aquaman trailer, you might even wonder if that hologram king is Atlan. That
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In 2002, Spider-Man starring Tobey Maguire was released and started a whole new era for the superhero. But what you might not know is that one of the most iconic shots in the film actually took
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Chris Evans talks about what is likely his last turn as Captain American in "Avengers: Endgame." Chris Evans reflects on 8 years of playing Captain America, wrapping 'Endgame' It's a big
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