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  1. #1
    Senior Member TrippleJ's Avatar
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    Disney Sets March 20 Closing Date for 21st Century Fox Acquisition

    from variety,

    "Disney has set March 20 as the closing date for its acquisition of 21st Century Fox.

    Disney announced the formal closing process Tuesday morning, indicating that the company has received the last major approval for the deal from regulators in Mexico. Disney said current 21st Century Fox shareholders will have until 5 p.m. ET Thursday to choose the amount of cash and Disney stock to receive in the $71.3 billion transaction.

    Disney said it expects the historic union of two of Hollywood’s pioneering studios to “become effective at 12:02 a.m. Eastern time on March 20.” The completion of the Disney-21st Century Fox deal also signals the emergence on March 19 of Fox Corporation, the new entity to emerge from the 21st Century Fox assets that Disney is not buying. Disney is also assuming about $13.8 billion in net debt from 21st Century Fox."
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  2. #2
    Senior Member Lefisc's Avatar
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    This is really bad news. We will have less options and less competition. In olden days these sorts of mergers would not happen, in fact the FTC broke up the movie industry in the 1950s. The movie companies controlled the distribution and movie theaters then.

    Disney will now own two streaming services, ABC, ESPN, many cable stations, comic book companies, distribution for movies, music companies, two movie companies, and moe than I can even imagine. We need competition, not consolidation.
    Last edited by Lefisc; 03-12-2019 at 01:53 PM.
    Barry
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  3. #3
    Senior Member TrippleJ's Avatar
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    I agree with you Barry. Also, since Disney is buying 21st Century Fox, lots of folks at 21st Century Fox will be let go....
    Last edited by TrippleJ; 03-12-2019 at 02:54 PM.
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  4. #4
    Administrator Tracy Rainwater's Avatar
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    WOW, the Mouse is seemingly unstoppable. This might not be a good thing for us consumers. Pretty soon, Disney and AT&T are going to own it all.

  5. #5
    Senior Member David Vaughn's Avatar
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    1 out of 1 members found this post helpful.
    It will not be good for us consumers. All one has to do is look at the price of catalog Blu-ray titles from Disney compared to Fox. Fox Blu-ray's typically sell for $9.99 on Amazon. Disney titles are usually $19.99-29.99!!!!
    David Vaughn
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    Sound and Vision Magazine

  6. #6
    Senior Member Lefisc's Avatar
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    And we nolonger will get fox or disney films on cable! We haveto stream andpay more
    Barry
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  7. #7
    Administrator Tracy Rainwater's Avatar
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    Quote Originally Posted by Lefisc View Post
    And we nolonger will get fox or disney films on cable! We haveto stream andpay more
    .....and if recent history holds true, you will not find newly released Disney and related Blu-rays on Amazon on release day.

  8. #8
    Senior Member TrippleJ's Avatar
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    It is all about the $$$$
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  9. #9
    Senior Member Lefisc's Avatar
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    Quote Originally Posted by TrippleJ View Post
    It is all about the $$$$
    Damn right!
    Barry
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  10. #10
    Senior Member Lefisc's Avatar
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    Quote Originally Posted by TrippleJ View Post
    I agree with you Barry. Also, since Disney is buying 21st Century Fox, lots of folks at 21st Century Fox will be let go....
    JJJ is right, the AP is reporting that thousands of people will be let go because they are mostly duplicating the work done by Disney.

    Further, if you ever worked at a company that has been taken over, the people who think they are staying will have an exec come to their department and assure them that everything will be okay and that things will continue as they always have. People are then relieved.

    Then, a half a year later, the department is dismantled and many, if not most, are let go.
    Barry
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