source– The Walt Disney Company said on Thursday that it had reached a deal to buy most of the assets of 21st Century Fox, the conglomerate controlled by Rupert Murdoch, in an all-stock transaction valued at roughly $52.4 billion.
While the agreement is subject to the approval of antitrust regulators — and the Justice Department recently moved to block a big media company from becoming even bigger — the once unthinkable acquisition promises to reshape Hollywood and Silicon Valley. It is the biggest counterattack from a traditional media company against the tech giants that have aggressively moved into the entertainment business.
Disney now has enough muscle to become a true competitor to Netflix, Apple, Amazon, Google and Facebook in the fast-growing realm of online video.
Big time news entertainment news today: Disney (don’t know if you’ve ever heard of them) reached an agreement to buy 21st Century Fox for the low, low price of $52.4 billion. Love finding a good bargain during the holiday season. But now that the Mouse has bought out one of its ostensible rivals in the big budget/comic book movie game, that can only mean one thing: we might finally get that Big Momma’s House/Howard the Duck crossover we’ve been waiting for.
The most immediate impact will most likely be the inclusion of the X-Men and Fantastic Four into the Marvel Universe, meaning they’ll have to re-establish a new X-Men continuity for the millionth time and reboot Fantastic Four for the third time. Good stuff. Disney also gets Fox’s share of streaming service Hulu, which they now essentially have full control of. Presumably, Hulu will now just become Disney’s personal streaming service, exorbitant monthly fee and all. Banner day for the free market in general. Disney, Amazon, and Netflix now have almost a complete monopoly on both the production and distribution of every movie that’s going to be made for at least 20 years. And you thought the Yankees were violating antitrust laws.
Personally, I’m fine with it. People will always complain when stuff like this happens- fair trade and all that. But I’m lazy. I like doing as little work as possible. And if all the Disney and Fox content is in one place, I’m happy. I’ll be fine when either Amazon or Disney buys out the other, because then literally every movie and show ever will be made by the same people. I’m all for monopolies. Fewer options are almost always better. Takes the stressful decision making process out of life. I’ll gladly be spoon-fed my nutrients and entertainment by the government if it means I never have to endlessly scroll through menus ever again.
This move also means that the only remaining independent entity in the entertainment industry is now http://www.briansden69.com. Honestly, it’s a lot of pressure. I have to speak not only for myself, but for all the mavericks out there who want to stand up to Big Mouse and its various constituents. I imagine I’ll some new viewers as the underground resistance grows. And to all the brave souls looking for a new, non-affiliated place to get their blazing hot takes, I promise you one thing: I vow to sell out the first chance I get. You can hold me to that. I will never put a sense of pride and a desire to accomplish something on my own get in the way of cold, hard cash. So, Disney, if you’re reading this, call me. I’m open for business.