It’s Now official that the Disney and Fox deal is done. This was such an historic deal, worth over $52 billion, Disney has purchased 21st Century Fox’s film and TV studios. While the agreement is subject to the approval of antitrust regulators, the unbelievable acquisition will definitely reshape Hollywood as we know it!
What is Disney Acquiring in the Deal?
From Now Disney will take control of 20th Century Fox’s movie studio and the TV production division—20th Century Fox Television. Additionally, Disney will absorb Fox’s cable networks, which include FX and National Geographic.
Disney will also take ownership of the international networks that Fox owns or will own before the sale is complete, like Star TV and Sky. Disney also will gain a majority control of Hulu in the deal, as their interest will grow to 60% with the purchase of Fox.
Fox will maintain control of the Fox broadcast network, Fox Sports, Fox News and Fox Business brands. Last but not least, as part of the deal, Disney’s CEO Rober A Iger will hold off his retirement. He will stay on as CEO of the Walt Disney Company through 2021 to make sure the transition goes smoothly.
What Does This Mean for the Kenyan Fans?
If you are a StarTimes Kenya Subscriber then, This deal is a celebratory deal! With pocket friendly Daily , Weekly and Monthly subscriptions you can now access most of the content on your Tv and On Your phone through StarTimes ON App. So this Merger means, Disney will take ownership of the Fox’s vast catalog of intellectual property, Marvel Studios will gain stewardship of the X-Men and Fantastic Four —allowing the company to “create richer, more complex worlds of inter-related characters and stories. We are hoping that we will see Wolverine or Deadpool join Marvel. And for Star Wars fans; the deal also means that Disney will now have the rights to the original Star Wars film – Star Wars Episode IV: A New Hope) and full distribution rights for Episodes II through IV.
Apart from that, we have more and more movies and Content on Kenya’s Leading Mobile Tv App #StarTimesON owned by Kenya’s Leading Pay Tv provider, StarTimes! For you to get the Amazing content All you need is to Download the Application from Google Play and you are Good to go!
This means now that Disney can aggressively compete with Netflix by opening its own streaming service. And many franchises will not be under the umbrella of the Disney. These include; the Aliens movies, Ice Age, the rebooted Planet of the Apes, The Simpsons, Buffy the Vampire Slayer, How I Met Your Mother, Futurama, Firefly, and The X-Files etc!
Congratulations to Disney and Fox. We look forward to all the new productions this deal will create!
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