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Disney Officially Owns Fox

Disney Officially Owns Fox

Could we see Homer Simpson dressed up like Mickey? Probably not. But Disney magic can happen in many more ways now that Disney owns 21st Century Fox.

NPR released: “One year after the Walt Disney Co. announced the $71.3 billion merger, it’s official. The deal, which closed Wednesday at 12:02 a.m. Eastern time, reshapes the media landscape and makes Disney an even greater entertainment behemoth. In bolstering its trove of characters and stories, the acquisition also puts Disney in a stronger position to take on Netflix and other streaming companies when it launches its own service, Disney+, later this year.”

So how did Fox employees feel?

Bob Thompson, Vice President, Legal Affairs at 21st Century Fox, shared: “The day has arrived! As of last night, we’re now Disney employees for a deal that’s being called ‘one of the most consequential in Hollywood history.’ To celebrate, we have a series of ‘Day 1’ festivities today among the Business and Legal groups. I’m excited about the opportunities and challenges that come with the combination of so many studios and networks working together. The demand for excellent content has never been greater, with the market for not just ok but must-see shows is everywhere. I’m glad to be in a position to work for TV studios that have dozens of these shows appearing across the spectrum of platforms: Disney+, FX, Fox Broadcasting, Amazon, Apple, Hulu, Netflix, etc. It’s a great time for the TV business for sure.”

Fan reviews are mixed. Memes and comments showed up all over social media today.

“Now we wait for the monopoly to start affecting the ppl thinking this is a good thing. Because it went so well with Amazon,” Shin Akira wrote.

disney and fox

“X men, Avengers, Deadpool, Fantastic Four, all in one universe FINALLY!” cheered Yousef Rashid.

Jonathan Nash, Marketing and Media Maven with a Passion for Entertainment, stated: “Disney may be the Magic Kingdom, but Fox was the home of dream makers. Without Fox, there would have been no Pandora, Planet of the Apes or galaxy far far away. We wouldn’t know the Sound of Music or how to Die Hard. Its legacy will live on forever. I’ll cherish the time I worked there. I got to be a small part of the dream.”

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