Disney and Murdoch Cozying Up in Bed – Disney buying large part of 21st Century Fox in $52.4B deal

GREAT FOX NEWS JUST starting telling the TRUTH and PERVERT DISNEY STEPS IN TO TAKE OVER. DISNEY SHOULD BE SUED FOR THE REPORTS OF CHILDREN DISSAPPEARING FROM THEIR PARKS and PENISES and breasts etc. In the Childrens movies. Disney was 33rd Masonry.

DISNEY HAS SERIOUS DIRT ON THEIR OWN HANDS and NEEDS TO BE MORE SERIOUSLY INVESTIVATED & STOPPED !

Did A Cartoon Mouse Just Kill The Internet? Disney Buys Fox As Net Neutrality Vote Looms

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Published on 14 Dec 2017SUPPORT INDEPENDENT MEDIA ➜ https://pressfortruth.ca/donate Patreon ➜ https://www.patreon.com/PressForTruth A new internet completely different from how we know it today may be just around the corner! If the regulators get their way the internet will soon be turned into something that more resembles cable tv! The timing of Disney’s acquisition is questionable to say the least. In this video Dan Dicks of Press For Truth breaks down what can be expected should net neutrality actually succeed. Support independent media! Patreon ➜ http://www.patreon.com/PressForTruth Patreon Alternative ➜ https://pressfortruth.ca/donate Paypal ➜ https://www.paypal.me/PressforTruth Bitcoin ➜ 13oNiHUNGn9vdfv7MT5kjwe7np9bwf5ccv Ethereum ➜ 0xEce2AEf1F26373a00BDC7243d1201a98578CC67e For more info from Press For Truth visit: http://pressfortruth.ca/

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The Rumor Mill News Reading Room

Disney and Murdoch Cozying Up in Bed – Disney buying large part of 21st Century Fox in $52.4B deal

Posted By: RumorMail [Send E-Mail]
Date: Thursday, 14-Dec-2017 11:29:59

 

People tend to forget, when they watch Fox news, that it’s owned by Rupert Murdoch (and now Disney too)…

Disney is buying a large part of the Murdoch family’s 21st Century Fox for about $52.4 billion in stock, including film and television studios and cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business.

The deal gives Disney film businesses including Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, which together are the homes of Avatar, X-Men, Fantastic Four and Deadpool. On the television side, Disney will get Twentieth Century Fox Television, FX Productions and Fox21, with shows including “The Simpsons” and “Modern Family.”

21st Century Fox shareholders will receive 0.2745 Disney shares for each share they own. The transaction also includes approximately $13.7 billion in debt.

Robert Iger will continue as chairman and CEO of The Walt Disney Co. through the end of 2021.

Before the buyout, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders. That Rupert Murdoch and his sons were willing to sell off much of the business that has been built up over decades came as a shock to the entertainment industry.

The entertainment business is going through big changes. TV doesn’t have a monopoly on home entertainment anymore. There’s Netflix, which is spending up to $8 billion on programming next year. Amazon is building its own library, having splashed out on global TV rights to “Lord of the Rings.” Facebook, Google and Apple are also investing in video.

As consumers spend more time online, TV’s share of U.S. ad spending is shrinking. Advertisers are following consumer attention to the internet, where Google and Facebook win the vast majority of advertisers’ dollars.

“We’ve been talking about cord cutting for the better part of a decade. But now it’s real,” USC Annenberg communications professor Chris Smith said. The media companies have to compete with the internet giants for consumers’ attention — and the younger generations pay more attention to YouTube, Facebook and other “platforms” than traditional TV, Smith said.

 
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To combat this trend, Disney is launching new ESPN- and Disney-branded streaming services over the next couple of years. It could beef them up with some of the assets it’s acquiring from Fox, making them exclusive to its services and sharpening its ability to compete with Netflix for consumer dollars.

“The core underlying driver for this deal in our opinion is the impending battle royale for content and streaming services vs. the Netflix machine,” GBH analyst Daniel Ives wrote.

Not everyone thinks this is a good bet by Disney, though. Rich Greenfield, a longtime Disney critic, thinks the deal is a bad idea that ties Disney to older TV-distribution systems — cable and satellite TV — rather than helping it look toward the future.

He also notes that regulators may not like the idea of combining two major movie studios. The Justice Department surprised many in the industry and on Wall Street when it sued to block another media megamerger, AT&T’s acquisition of Time Warner, in November.

___

MURDOCH FAMILY TAKES A BOW

Rupert Murdoch built 21st Century Fox and News Corp. out of an inheritance from his father in Australia. He bought a string of papers there, in the U.K. and the U.S., building an influential platform for his views. He expanded into TV and movies, launching the Fox network and Fox News and changing the face of American news and entertainment.

“Rupert has spent many, many years assembling the components of his empire,” said NYU business professor Samuel Craig, who specializes in the entertainment industry.

Rupert Murdoch has ostensibly already handed the reins over to a new generation at Fox. His son James is CEO, while his other son, Lachlan, like Rupert, has the title of executive chairman.

The Murdoch empire has already been divided. After a phone-hacking newspaper scandal in the U.K., News Corp. was split off into a separate company for the publishing and newspaper businesses, which include the New York Post, The Wall Street Journal, The Sun and The Times in the U.K., and book publisher HarperCollins. Now Fox is also being split up as the company sets itself up to deal with the growing power of the tech industry.

“The Murdochs realize they don’t have the same kind of leverage Disney has, the same kind of brand power,” Smith said.

It would be harder to launch a Fox-branded streaming service that attracts lots of the new generation of consumers, for example. Smith said that makes it a great time to sell off the entertainment business.

Fox is also selling to Disney its substantial overseas operations. It is offloading its 39 percent stake in European satellite-TV and broadcaster Sky after running into regulatory roadblocks in the U.K. trying to take over the rest of the company, in part because of how Fox handled the sexual harassment scandal at Fox News. Disney is also acquiring Star India, a major media company with dozens of sports and entertainment channels.

Fox will be left with the live events, news and sports, that are key parts of the traditional TV bundle. There is speculation that the Murdochs would want to recombine what’s the slimmed-down Fox with News Corp.

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=89618

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