The Big 6 Studios Possibly Going Down to 5

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