Disney tops Hollywood hierarchy closing 21st Century Fox deal

the Guardian | 3/22/2019 | Mark Sweney
Disney closed its $71bn (£54bn) acquisition of Rupert Murdoch’s 21st Century Fox film and entertainment assets this week, bringing The Simpsons, Star Wars and The Avengers under one roof. The deal combines Disney’s film studios, ABC broadcasting network and theme parks with Fox’s film and TV studios, and the FX and National Geographic broadcast networks.

It confirms Disney’s position at the top of the Hollywood hierarchy but also represents a fightback against the technology industry and the upheaval caused by its forays into the entertainment business through Netflix and Amazon in particular. Here are six changes to expect from the Disney/Fox deal.

Disney - Deal - Control - Century - Fox

Disney’s deal will enable it to take control of the 104-year-old 20th Century Fox, the biggest change in the Hollywood landscape since MGM’s demise in the 1980s. Disney has a remarkable array of film production talent which includes three powerhouses: Toy Story-maker Pixar; Lucasfilm, the home of Star Wars; and the all-conquering Marvel, which made Iron Man, Black Panther and the Avengers series. Fox’s film division, fresh off an Oscar haul from the Freddie Mercury biopic Bohemian Rhapsody, will add valuable franchises such as the X-Men universe, Avatar, Deadpool and the Kingsman series. As a result, the so-called “big six” of Hollywood studios is down to five, and the already dominant Disney will extend its box-office power.

Disney took a market-leading 26% share of the $12bn US box office last year, while also dominating globally. Overnight this has jumped to 36% after the Fox takeover. By comparison, its closest competitor, Warner Brothers, had a 16% share last year.

Disney - Deal - Fox - Marvel - Fans

When Disney’s deal to buy Fox was first announced Marvel fans rejoiced at the prospect of (most of) the Marvel universe being brought back together for the first time in almost three decades. Chunks of rights to franchises, including the X-Men and Fantastic Four,...
(Excerpt) Read more at: the Guardian
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