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December 6, 2017

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Tech: 2 ways the Disney-Fox deal could concentrate an intense amount of power in the media world

Disney is close to buying assets from 21st Century Fox, and it could mean Disney ends up owning 30%-40% of the US box office, and 60% of Hulu.
Disney is close to buying a bunch of assets from 21st Century Fox, according to CNBC.
Such a deal could mean Disney ends up owning 30%-40% of the domestic box office, and 60% of Hulu.
The potential deal could likely face scrutiny from the DOJ.
On Tuesday, CNBC reported that Disney was close to a deal to buy large chunks of 21st Century Fox. Such a deal could lead to quite a concentration of power in media.
CNBC reported that Disney could pick up “Fox’s Nat Geo, Star, regional sports networks, movie studios and stakes in Sky and Hulu, among other properties.” Disney would leave Fox’s news, broadcast network, and sports intact (except the regional sports networks).
This would be a mammoth deal for media, and could set Disney up for a coming war with Netflix (as my colleague Mike Shields and I looked at yesterday).

…..Full News from source

December 6, 2017

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