Disney’s purchase of Fox’s creative divisions might make Marvel fans happy – but this meaningful Hollywood power amble should make film fans cautiousThe murmurings had been going on for weeks,but on Thursday morning, it was official news: Disney bought rival studio 20th Century Fox in the most meaningful cataclysm for the film industry in the 21st century. For a princely sum of $66bn (in stock and debt), or Disney CEO Bob Iger integrated Fox’s film and TV production outfits,Fox Sports, FX Networks, and some international assets,and hefty chunks of stock in such enterprises as Hulu and National Geographic. The biggest component not included in the deal was Fox News, which had moved to spin off into its own independent haven for conservatism prior to this deal. Related: Disney-Fox deal: what it means for the Murdochs and their media empire Continue reading...
Source: guardian.co.uk