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Home / Business / Disney closes $ 71 billion deal with Fox

Disney closes $ 71 billion deal with Fox



Disney has completed its 71 billion US acquisition of Fox's entertainment business and puts "Cinderella", "The Simpsons", "Star Wars" and "Spider-Man" under one corporate roof.

The agreement will probably take place in the media landscape. Among other things, the road for Disney to launch its streaming service, Disney Plus, expires later this year.

Disney aims to buy the studios behind "The Simpsons" and X-Men better to compete with technology companies such as Amazon and Netflix for viewers' attention – and dollars.

Disney needs compelling TV shows and movies to convince viewers to sign up and pay for another streaming service. It already has classic Disney comics, "Star Wars", Pixar, Muppets and some of the Marvel characters. With Fox, Disney could add Marvel's X-Men and Deadpool, along with programs featured on such Fox channels as FX Networks and National Geographic. Fox's productions also include "Americans", "This Is Us" and "Modern Family."

The deal helps Disney to control TV shows and movies from start to finish ̵

1; from creating programs to distributing them on television channels, Disney will gain valuable data on customers and their entertainment habits, which it can use to sell advertising .

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Disney boss Bob Iger.
Getty / Michael Tullberg

Disney chief Bob Iger said in a earnings call in February that Disney Plus and other direct consumer businesses are Disney's "No. 1 priority."

Cable and Telecommunications has bought the companies that make television series and movies to compete in a changing media landscape. Although internet providers such as AT&T and Comcast directly control their customers' access to the internet in a way that AT & T bought Time Warner last year for $ 81 billion and has already launched its own streaming service, Watch TV, with Time Warner channels such as TBS and TNT, among other networks, for $ 15 a month.

In addition to increasing the Disney streaming service, expected to debut next year, the deal slows the way for Marvel's X-Men and Avengers to reunite in future movies. Although Disney owns Marvel Studios, some characters, including the X-Men, have already been licensed to Fox.

Disney also gets a control g stake in the existing streaming service Hulu, which it plans to continue operating as a home for more general programming. Family friendly shows and movies come to Disney Plus.

No prizes have been disclosed to Disney Plus. The streaming service will include five categories of material: Disney, Pixar, Marvel, Star Wars and National Geographic. Disney requires $ 5 per month for ESPN Plus, a service offering programming that is different from the ESPN cable channel.

Meanwhile, Fox Corp. – The portions of 21st Century Fox that are not part of the deal, including Fox News, Fox Sports and Fox Broadcasting, began trading on Nasdaq under "FOX" and "FOXA" tickers on Tuesday.


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