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Bob Iger Explains Why Disney Ultimately Decided To Buy Fox
The entertainment world was in awe when it was revealed that the Walt Disney Company had been in talks to purchase 21st Century Fox from Rupert Murdoch's Fox Corporation. The awe turned to shock when the deal was done and Disney spent $71 billion to purchase the film studio and cable channels from the media company. The deal has changed the media landscape forever, but Bob Iger admits it likely would not have happened if the media landscape were not already changing, as the decision to buy Fox was entirely because of Disney's plans to launch its own streaming service.
Last week the Walt Disney Company held a grand unveiling event to show the public Disney+, the new streaming service that is set to launch in November. Included in the service will be content from National Geographic as well as many other Fox properties like The Simpsons. All this content will certainly make Disney+ a more attractive service and Disney CEO Bob Iger admits that the content was the reason Disney bought Fox. According to Iger...
We would not have done that transaction had we not decided to go in this direction. Because if we hadnt, we would have been looking at that business and through a traditional lens: Oh, were buying TV channels. Were buying more movie-making capability, et cetera.
While buying more TV channels and movie making capability certainly has its benefit, it's not like Disney is a company in need of such things. The company's movie making arm is basically making all the money these days thanks to Marvel and Star Wars and almost every other film the studio releases. Making more money from other avenues would certainly be important, but it would take a long time for those avenues to make back the $71 billion purchase price.
However, when you add in that all of that content from those cable channels and movies will also be appearing on the new Disney+ streaming service and potentially attracting new viewers, the price begins to be paid back that much faster with every new subscription to the service. Iger tells CNBC "the light bulb went off" when it came to realizing what the Fox library could mean to the service.
When Disney revealed new Disney+ details last week National Geographic was given as prominent a place as Pixar when it came to announcing what would be available for the service. In fact, one of the original shows being produced for the service by National Geographic will follow those that take care of animals at the Disney theme parks, marking one of the first direct collaborations between Disney and a former Fox property since the acquisition.
Content is king in the streaming game and so the more Disney+ has to offer, the more subscribers it will be able to entice. The $6.99 per month price point won't hurt either.
Pirated Avengers: Endgame copy actually aired on TV in the Philippines that wasn't so necessary in the Philippines where a cable channel aired the movie in its entirety, the day after the
The actor spoke out against the studio's decision any time he could. Bautista explains the situation. "No, it wasn't that I was going to jump ship and do Suicide Squad. I was more at the point
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The decision whether to sell globally standardised or adapted products is too simplistic for today's market place. Many product decisions lie between these two extremes. Cognisance has also to be taken of the stage in the international life cycle, the organisation's own product portfolio, its strengths and weaknesses and its global objectives.
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Tributes Pour In For Spider-Man Co-Creator And Marvel Legend Steve Ditko The comic book legend was 90. and he paid tribute to Ditko's legacy. and host of AMC's Comic Book Men Kevin Smith
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Star Wars: Galaxy's Edge is unlike anything we've seen at Disneyland or Walt Disney World before. That much is clear even before most of us have a chance to see any of it. However, a lot of new
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When Hellboy arrives in theaters, fans likely won't see Abe Sapien or Doug Jones. The reboot is starting fresh with an all-new cast of characters that includes David Harbour, Milla Jovovich, Ian McShane, Sasha Lane, and Daniel Dae Kim.
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Home 2019 January 18 Glass Ending Explained: The Twist And What It Means feel free to call us +646-389-3981 info@mmnofa.com admin , January 18, 2019 January 18, 2019 , Entertainment , 0
Glass Ending Explained: The Twist And What It Means
Jude Law had previously stated that he listened to everything J.K. Rowling had to tell him about the character, but he's now revealed a bit from those conversations, including why it is that Dumbledore loves Newt Scamander. It seems that the accomplished wizard appreciates Newt's love of beasts, as Dumbledore views himself as one of them.
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And since DC superhero Shazam once went under the Captain Marvel name, that means actor Zachary Levi has also been roped into this online feud, with many commenters on Rotten Tomatoes and
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Now John Wick 3 has officially begun production, and our first look at Reeves in the threequel shows the eponymous protagonist in a ominous area of New York City. Facebook cinemablend
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Home 2019 June 1 Rocketman Team And Elton John 'Reject' Decision To Censor Movie For Russian Market feel free to call us +646-389-3981 info@mmnofa.com admin , June 1, 2019 June 1, 2019 , Entertainment , 0
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It's only been a few days since Venom hit the big screen but the opening moments could have been very different. We're only going to discuss the first scene of the movie, but we'll throw in a spoilers disclosure just to cover ourselves.
Sony's Venom could have had a different opening scene
20th Century Fox is expanding its X-Men franchise even further, with a secret project called 143. While no plot details have been given, there is already quite a bit of talent lined up behind the camera, with Deadpool director Tim Miller set to take the helm, working from a script that is currently being developed […]
Secret X-Men Movie 143 Gets Deadpool Director Tim Miller
Disney has dropped a new trailer for "Ralph Breaks the Internet: Wreck-It Ralph 2″ with all the Disney Princesses making an appearance. The footage, released by Walt Disney Animation Studios
I don't see a situation where Disney keeps Fox Searchlight they'll keep everything else related to Fox Entertainment and either axe Searchlight or sell it to another company. If you're a fan of the films Fox Searchlight produces you better be praying this deal doesn't happen because now is the time to be concerned.
Why Disney's purchase of 21st Century Fox should scare you - Vox
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