After more than a year of working to get the final approval, we finally finish the long process of acquiring 21st Century Fox.
The merger proceeded at 12:02 am Eastern Time to fully control the number of 21st Century Fox organizations, including the company's entire movie studio division, a 30% stake in streaming service Hulu, and the Fox TV group. The acquisition has been finalized in recent months by monopoly regulators around the world. Despite the acquisition, Fox Corp. will remain independent and will maintain groups such as Fox News and Fox Sports in the United States.
"An extraordinary historic moment to create significant long-term value for our company and our stakeholders," said CEO Bob Iger in a press release. "Combining the rich creative content and proven talent of Disney and 21st Century Fox will create an excellent global entertainment company that can lead to exceptional dynamics and change."
Disney, however, A catalog of its films and television shows, Hulu's stake. Disney CEO Bob Iger has previously talked about the company's plans to integrate Fox content into its business plan, integrating franchises like Deadpool and X-Men into Marvel space and introducing Hulu to international viewers. According to Vanity Fair the current deal controls Disney almost 40% of its current market share. Perhaps the most important factor in preparing a direct consumer-to-consumer business model, as well as the most added to Disney's portfolio, will be the majority of Hulu's stakeholders.
Disney now owns 60% of Hulu's shares, and analysts predict Iger will try to gain more ownership of the streaming service. He has told investors that Disney is not planning to give up on its ship despite being prepared to launch its own streaming service, Disney +. Iger intends to increase spending and internationalize Hulu's programming aspect. Hulu already has 25 million subscribers in the US and will be a competitor to Netflix. If Disney extends Hulu to the European market, a new way is required for streaming services, so you need the original content and licenses of the European series.
In terms of the movie franchise, Fantastic Four or X-Men appear in the Marvel Cinematic Universe. Iger said there might be places for movies like Fox's superhero movies (currently under Marvel Entertainment umbrella but not at Disney's Marvel Studios), but not within Disney's PG-13 space. Iger said he will "continue" the same R-rated movie as Deadpool in February. But Iger told investors in February. This is the same idea that Iger applies to Disney + or Hulu series and movies. Hulu can have more adult titles, but it should keep the family-friendly status of Disney before.
Kevin Feige, co-president of Marvel Studios, finally offered fans and the Avengers team and X-Men Team Feige talked about a deal on the Podcast Variety podcast in December, The concept of the character is excellent, but "I have not made plans yet.
Not only the content and streaming that are affected by the argument. On the company side, both Disney and Fox employees are expected to be hit by the acquisition and about 4,000 employees are expected to be dismissed. Most of these jobs are now expected to play a duplicate role. Analyst Richfield Greenfield said in an interview with Hollywood Reporter that the merger would be "bloodshed" and could reach 8,000 people.
"Disney's virgin territory has never done mass integration before," he said.