Now if you haven’t heard, Disney and Fox have
announced a deal that will give Disney most of Fox’s assets. Now before I get
fully into this, I will just like to mention that I do not have any stock in
Disney or Fox and I am also not on their payroll. So basically, unless Disney
buys me up (and my “number” is high), I can say anything I want. The
assets that Disney will acquire is cable channels outside of their news and
sports as well as their 20th Century Fox film and television production
companies. Disney will also acquire 30 percent of hulu to combine with
the 30% that they already have (for 60% control of the company for those of you
who are mathematically challenged).
Now you might be
wondering; what do I think of this deal. I have mixed feelings. One
one hand, I’m really excited by this deal. Who wouldn’t want to see
Wolverine side-by-side with the Avengers (and, there is a possibility that Hugh
Jackman might return for just such a venture)? One one hand, we might
finally get the original Star Wars movies in their original version released
for the first time in 20 years. On the other hand, this seems like a bit
of a monopoly. Disney would stand to own 40% of the entire box office.
Think of all the movies (and franchises) that Disney will have in their
collection: Avatar, X-Men, Fantastic 4, Ice Age, Alvin and the Chipmunks,
Alien, Independence Day, Mrs. Doubtfire, Miracle on 34th Street, and The Sound
of Music as well as many, many more. It seems that Disney, even though a
trusted brand, would have too much control over the market. And, as
history has taught us, too much control is not good for any industry (which is
the biggest problem with the airline industry). Now, it needs to be
mentioned that we are over a year away from getting this deal to become a
reality because it needs to get government approval. The question
remains, however, will the government approve it? I am going to say “yes”
because our President seems to be very pro-business. Disney CEO Bob Iger
has suspended his retirement date (again) effectively putting him out of the
presidential race in 2020 and not a threat to our current administration.
The deal will probably
go through but there are still a lot of questions to be answered. What
will Disney do with the “Fox” name? Will Fox News and the entities being
retained have to change their name (insert obvious joke). As the story
progresses, I will be sure to keep you posted on the developments in this major
($52 billion) story. As for Disney, I’m currently writing a book about
you, so PLEASE stop making major news and extending the page number and release
date of said book. And to the Fox employees who may lose the job, I am
hiring and you have my contact information in this blog space. Goodnight,
and Bee Happy!™
Mr.Bee
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image courtesy of Hollywood Reporter
image courtesy of Hollywood Reporter