Disney now owns 21st Century Fox

[Mook]

Its finally done and official.

https://www.slashfilm.com/disney-fox-acquisition-complete/

71.3 BILLION.

Shareholders from Disney and Fox approved the deal back in July 2018, but the finalization awaited major share approval for the deal from regulators in Mexico. Now with the long-standing deal finally closed, Fox has officially joined Pixar, Marvel, and Lucasfilm under Disney’s umbrella of studios.

The Disney-Fox deal is one of the biggest Hollywood deals in history. Disney initially put up $52.4 billion for Fox’s assets in December 2017 and received the approval of the Justice Department despite concerns that the deal would be in violation of antitrust laws, but faced a few other bumps in the long road to finalization. The price was driven all the way up to a massive $71.3 billion after Comcast approached Fox with a higher offer. Comcast ended up bowing out of the Fox bidding, leaving a clear (albeit more expensive) path for Disney to swoop in.

The Disney-Fox acquisition has received notable attention from the pop culture world thanks to the impending incorporation of the X-Men and the Fantastic Four into the Marvel Cinematic Universe. However, those elements often overshadow the human costs of the deal, which will almost certainly result in at least 4,000 employees losing their jobs. Once the deal becomes effective at 12:02 a.m. Eastern Time tonight, we’ll likely see more news roll in about the effects of this deal.

Click to read more...

 

[IDAFC21]

This is insane. I don't think anyone understands what this really means for a BUTTLOAD of tv shows and movies that fox produced.

https://www.polygon.com/2017/12/14/16778224/disney-fox-deal-movies-tv-rights

Over the decades, Fox has produced dozens of box office hits and long-running TV shows — and now, Disney owns them all, adding to its acquisitions of Marvel Entertainment in 2009 and Lucasfilm in 2012

Acquiring Fox’s television studios gives Disney a major boost to its TV production capabilities. Disney hasn’t been as successful as Fox on the programming front lately, and one of its most beloved and reliable creators — Shonda Rhimes, the woman behind Grey’s Anatomy and Scandal — left ABC Studios for Netflix in 2017.

One of ABC’s longest-running hits, Modern Family, is actually produced by 20th Century Fox Television; one of its newest, Speechless, is a co-production between Fox and ABC. Other popular network shows from Fox include This Is Us, which airs on NBC, and Empire, which appears on Fox. That channel also broadcasts Fox-produced shows such as The Gifted, which is a live-action series based on the X-Men, and the revival of The X-Files.

20th Century Fox Television has a subsidiary, Fox 21 Television Studios, that primarily makes programming for cable channels. Fox 21 has a hand in Showtime’s Homeland and FX’s American Horror Story, among many other shows. Disney also acquired FX Networks in this deal, including the channels FX, FXX, and FXM, as well as the studio FX Productions. That company makes Fox’s second X-Men show, Legion, along with acclaimed series such as Atlanta and Better Things. Shows in the works include adaptations of Y: The Last Man and James Clavell’s Shōgun.

The other subsidiary of 20th Century Fox Television is Fox Television Animation, which, of course, makes animated TV series such as The Simpsons, Family Guy, and Bob’s Burgers. The firm’s library includes American Dad!, Futurama, and King of the Hill.

Disney now owns the production apparatus behind all of those series, as well as the production and distribution rights to Fox’s widely varied back catalog, which includes beloved shows such as 24, Buffy the Vampire Slayer, Hill Street Blues, M*A*S*H, The Mary Tyler Moore Show, and The Shield.

The deal gives Disney 60 percent ownership of Hulu, the streaming service that is primarily known for hosting currently airing TV shows from numerous networks.

The basic gist is that ANYTHING, tv show or movie, that any of Fox's studio's or any Fox affiliate studio has produced, ever, Disney now owns. The fact that they now own FX Productions is what has me most concerned. Thats always sunny, archer, legion, atlanta, any of those shows. If they decide to pull those to put them on their own service, I will riot.

 

[Flyn]

Don't worry. Alexandria Ocasio-Cortez will break up the big corps. She said so.

 

[IDAFC21]

[MENTION=4746]Flyn[/MENTION] The Orville is also a 20th century fox produced show, which means Disney owns it now too.

 

[Flyn]

The Orville is left wing enough to continue. Wherever it ends up, I will watch.