In a field crowded with big news stories, one of the biggest is
Disney’s $52.4 billion acquisition of 21st Century Fox’s film and TV
divisions.The deal may prove to be a seismic shift for an industry that’s already facing a rapidly evolving digital landscape, as well as regulatory change that will have financial and behavioral impacts on companies and consumers alike.
Disney and Fox: Reasons for Selling
Rupert Murdoch, the executive chairman of News Corp., is better known for his acquisitions and business expansions than his sales. According to NPR, the sale of 21st Century Fox may have a twofold purpose: cash in on a financial opportunity during a period of industry uncertainty and solve the problem of dynastic change in Murdoch’s empire, where his children Lachlan and James may compete for dominance.
According to TechCrunch, the sale includes Nat Geo Network, Star TV in India and China, Fox’s movie and TV studios, a greater stake in Sky in Europe, a majority stake in Hulu, and even some regional sports. Notably, Fox News, Fox Broadcast, and national sports are not part of the sale.
Read the full article on Videa blog.
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