Rupert Murdoch… er… Mr. Burns with the Simpsons, who are now Disney property.
It’s an arms race, and every media company is involved.
Disney announced its much-anticipated acquisition of a big piece of 21st Century Fox for $52.4 billion in stock.
The move gives Disney four important assets as the Mickey Mouse operation moves to compete with rivals including Netflix and Amazon.
Here’s what Disney is buying:
21st Century Fox movie studio
FX and National geographic cable channels and some regional sports channels
Fox’s stake in Hulu
Fox’s stake in European cable company Sky
What Disney is not buying: the FOX broadcast channel, Fox News, and some other smaller stuff like newspapers. Those pieces are being spun off into a separate company that will be focused on news and sports.
The massive acquisition is the clearest sign yet that Disney is working to transform itself into a modern entertainment juggernaut, with the content and technology necessary to deliver the kind of on-demand experience that Netflix has pioneered.
Content and technology make up the two big parts of this deal. On the content side, Disney is bolstering its already-deep library of movies and TV, while also acquiring the rights to major franchises for future production. That means popular characters like the X-Men and the Simpsons are now owned by Disney, which already has Star Wars, Marvel, Pixar, and plenty more.
On the technology and distribution side, Disney’s acquisition of Sky is a major move into the international market. Disney noted in its press release that the expectation is for Fox’s move to acquire complete ownership of the cable company to go through before Disney’s acquisition goes through finalization and regulatory approval.
This gives Disney a major distribution source outside the U.S., something it didn’t have before and a piece that will help it hold off Netflix and Amazon, which are growing internationally.
The end game here is a Netflix-style service from Disney that will be so chock full of great content that people won’t be able to say no. Disney will control the entire pipeline of the business from conception to production to release to distribution.
Here’s where Hulu becomes an interesting part of this deal. Disney is now majority owner, but that doesn’t mean it can do whatever it wants with Hulu. BTIG Research analyst Rich Greenfield noted that Comcast still owns a chunk of Hulu and has the ability to block Disney from turning that service into its own version of Netflix. Disney could buy out Comcast, though Comcast might want to hang on so that it can block Disney from transforming Hulu.
Disney’s vertical integration — in this case adding distribution to content — follows on similar moves by other massive media companies in recent years. Comcast bought NBCUniversal. AT&T is buying Time Warner. All of these deals fused a distribution company with a content company. The only thing particularly different about the Disney-Fox deal is that it’s a content company buying into distribution, as opposed to the other way around.
Robert De Niro Says ‘The Irishman’ Set for the Big Screen
“The Irishman is set for the big screen next year when it is released by Netflix, star Robert De Niro said Sunday while speaking at the Marrakech Film Festival.
The pic is the actor’s latest collaboration with Goodfellas director Martin Scorsese, which also stars Al Pacino, Joe Pesci and Harvey Keitel, and is set in the crime world.
“We’ve talked about it with Netflix. They are going to do a presentation of our film the way it should be, in a theater, in certain venues, the best theatrical venues there can be,” De Niro said, hinting that there have been ongoing discussions with the streaming platform surrounding the release.
“How they resolve it is, in the beginning, they will show it on the big screen — we’re talking about big venues where it would play, where it should play — and what happens after that, I’m not sure,” he said, guessing that it would be released online at a later date.
It marks the second big film Netflix will release, following in the footsteps of Alfonso Curaon’s Oscar contender Roma in a limited theatrical run for awards season. Netflix has also taken on Guillermo del Toro’s dark Pinocchio, which is another potential awards contender and the next project after his Oscar wins for The Shape of Water…………………………………………..”
Golden Globe nominations to kick off Hollywood’s award season
“Nominations for the Hollywood Foreign Press Association’s annual ceremony, which honors achievement in film and television, were announced Thursday. Big film hits “Black Panther,” “Bohemian Rhapsody” and “A Star Is Born” will compete for best drama against the critically acclaimed “BlacKkKlansman” and “If Beale Street Could Talk,” directed by Spike Lee and Barry Jenkins, respectively, who directed the Oscar-winning “Moonlight.”
Below is the full list of nominees.
See the rest of the nominations here: https://www.cnn.com/2018/12/06/entertainment/golden-globe-nominations/index.html
Who will host the Oscars now that Kevin Hart has stepped down?
“Now Kevin Hart has stepped down from hosting the Oscars, one question remains: who will replace him?
The 39-year-old comedian was confirmed as the Academy Awards host for 2019 just three days ago.
However, he found himself in deep water this week when fans started sharing unearthed tweets from 2010 which show him using the word ‘gay’ as a slur. as well as labelling people ‘f**s’.
Hart announced his decision to step down as host of the Oscars on Thursday night. Hosting the Oscars is one of the biggest gigs a presenter can land and it’s got to go to the right person. So WHO will the Academy ask to replace Kevin?
Ellen DeGeneres is the bookies’ runaway favourite to host February’s awards show, with Betfair offering odds of 6/4. If the bookies are correct, it will be the third time she’s hosted the prestigious awards, having done so in 2007 and 2014. Her 2014 run saw her taking the infamous Oscars selfie, featuring the likes of Bradley Cooper……………………………………….”
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