The Disney-Fox Thing
The Guardian has a report teasing some announcements that are likely to be made tomorrow when the Disney-Fox deal comes to the forefront
From what I can gather, this is basically a news meda-non news media split. Rupert (and son Lachlan) will retain the remains of 21 Century Fox that don't go to Disney (probably rebranded under the "News Corporation" banner that holds the print interests), the Print business (Newspapers including The Times (london), The Wall Street Journal, The Australian and more, plus book publisher HarperColins), Fox News, Fox Sports, Fox Business, and the 28 terrestrial tv channels that Fox owns and operates.
Everything else, including potentially his son James, goes to Disney. The cable networks (FX, Nat Geo), Sky UK (which killed ESPN here), Star India, the film and TV studios, and more. Some of these would get Disney into businesses that they don't currently play in, such as the Sky UK News channel, so this could result in a very different Disney to the one we know today.
I'd expect this is going to be a tough deal to get past the regulators. If we presume that the US government is acting in good faith in trying to block the AT&T/Time Warner merger, then it would be difficult for them not to oppose this deal given the competition concerns are much clearer.
That said, I'd rather Disney own Sky than Rupert. Even if James is on the board.
Surprised there has not been more traffic on this topic here on this. In the movie nerd circles, which I solidly fall, it seems to be mixed opinions. I am fine with it, since Fox can't seem to stop screwing things up, but I have to admit, the more less studios exist, the less creative freedom will exist. Anyway, theme park wise, Universal will still get to use all of their rights like Simpsons and Marvel, but Simpsons will be under the Disney corporate umbrella. Marvel will get the Xmen and Fantastic Four. Of course, Fox has totally screwed up the Fantastic Four and squandered Marvel's best villain, so that will be good to get it back. The real question is whether Disney will allow the creative freedom of the more adult IPs to continue. There is a place for Logan and Deadpool, and they really do not need to tone it down. If they continue the Alien franchise, they do not need it to be PG-13. They do not need to get in James Cameron's business with the Avatar movies. And finally, they need to release the unedited, original theatrical Star Wars films. The bottom line is Disney is going to have to find a way to separate out the Fox brand and the Disney brand to allow creative freedom but improve on the poor decisions Fox has made. AND get that Fox fanfare back in the Star Wars movies. ASAP.
One thing I will never understand is why people are so passionate about the 20th Century Fox intro in the Star Wars movies. I mean really, it makes 0 difference in the movie, I don't get it?? Seems like a silly thing to be upset about.
That was a joke. I don't really care that much. I would like to see the original theatrical version, and many people would not think that is trivial. Actually, when you think about it, much of this is trivial, is it not? I mean in the grand scheme of things with what is going on in the world, Marvel movies, theme parks, and movie intros all make 0 difference, but it does give people an escape in difficult times, so I suppose it can matter.
Okay, the Deal is done.
Disney owns Avatar and Aliens. Imagine the possibilities. Is that why they closed Stitch? Could Alien Encounter be returning with Sigouney Weaver and the Xenomorph? Too late for the Great Movie Ride, but save the animatronics.
There was an interesting theory in the Washington Post about this acquisition. A sports writer surmised that the move was predominantly made to bolster the appeal of ESPN and to prop up the sagging network. While the acquisition does not include FS1, FS2, or Big Ten Network, it does include Fox-owned regional sports networks (RSNs). Those networks own the exclusive rights to broadcast local MLB, NBA, and NHL teams as well as other local sports programming (WNBA, college sports, and other local sports). ESPN is not currently in the local sports television business, and this acquisition allows them to enter a very lucrative market without having to purchase rights and setup individual networks. Fox-owned RSNs include some of the most profitable regional networks in the country including YES (Yankees), Fox Sports West (Angels, Clippers, and Ducks), and Fox Sports Southeast (Hawks, Braves, Hornets, and Grizzlies). Most would probably say, what's the big deal here - Well, RSNs are routinely the most important channels to a local cable package. While people are continuing to cut the cord at a high rate, those that are remaining cite their local sports network as the primary reason why they can't cut the cord. Also, those that aren't interested in cutting the cord and instead like the idea of a single-price multi-channel television model (gaining appeal in the world of dozens of individual streaming subscriptions), say RSNs are one of the top 5 channels watched on their cable packages. ESPN can now leverage ownership of these RSNs to increase their cable revenue compensating for losses to cord cutters. Additionally, while many of those channels cannot stream directly to consumers (cable providers own the streaming rights), Disney/ESPN could pull those under the ESPN streaming umbrella once current contracts end. So, even those that want to cut the cord but still want their RSN, ESPN can keep them (and their revenue) in house by streaming RSNs direct to consumers.
To bolster the sports theory. Sky Sports is the ESPN equivalent juggernaut in the U.K. and in other European regions too. At the moment. 21CF owns a just-as-good-as controlling stake in Sky and is seeking approvals to buy the rest. At the moment it’s with the regulator, with issues at Fox being the reason for scrutiny, as well as the murdochs holding in NewsCorp. This stake would go to Disney, and if the deal is approved, Disney gets Sky.
OK, Anton M has just made my day and removed any reservation I may have had. Put the Alien in place of Stitch. You, sir, in addition to a little election in Alabama, have restored my faith in humanity.
Chad H and anyone else who likes to comment on this--I think, the european regulators are likely to hold up disney getting 100 percent of SKY.
The RSNs would not be a barrier for the FTC or any other regulatory agency. They are going from one sports network to another (Fox to ESPN), and the competitive environment will not change one bit from this planned transition. Most major US cities have more than one RSN (most of the others are owned by Comcast/Universal/NBC BTW), so by simply re-branding Fox RSNs to ESPN does not change the landscape at all.
>>>if the UK law allows them to do that based on "moral grounds",
I don't think this is going to affect the parks too much right now.
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