Does it really need a third animation studio dedicated to computer-generated cartoons? But this one example points to the kinds of redundancies that are inevitable in such a massive merger. The big fish are eating each other, and soon there may only be one left.
And maybe that will happen! Certainly, Netflix has become a Hollywood heavyweight in record time, and its movie Roma won three Oscars at the ceremony. But for the most part, tech companies have built really great aggregators of content that comes from elsewhere.
And while the most obvious concerns surrounding that possibility stem from how news might take on corporate interests, there are a host of others that range from the political to the artistic. Our mission has never been more vital than it is in this moment: to empower through understanding. Financial contributions from our readers are a critical part of supporting our resource-intensive work and help us keep our journalism free for all.
Please consider making a contribution to Vox today to help us keep our work free for all. Cookie banner We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. The chairman of the new Fox Corp. Now that holding has been split into shares of Disney and Fox Corp.
On Tuesday, he got one third of a share of Fox Corp. While Murdoch may have lost power as an executive—he will have no official position at Disney—he came out on top when it comes to his fortune. Analysts only expect it to get better for him. They believe Fox News, the golden goose of Fox Corp. This was the largest and perhaps most complicated acquisition of one media company to another in history. It is full of nuance and small details.
But ultimately there is still a whole lot of confusion over what exactly Disney bought with the acquisition of 21st Century Fox Company. Prior to the acquisition by Disney, Fox was a powerhouse in the entertainment industry.
One of the 6 major studios and the 4th largest media conglomerate in the world. They were producing hit after hit at the box office and were consistently turning up major profits for shareholders. Netflix has changed the game for the entertainment industry, bringing direct to consumer, anytime, licenced, and original content to our fingertips. Though Disney had licenced much of its content to Netflix, they soon realized Netflix was not only becoming a major player in the distribution of TV and film but they became a major player in the production of original content with shows such as Stranger Things, 13 Reasons Why and anything with Noah Centineo in it, changing the paradigm in Hollywood.
Netflix brought about the cord cutting and streaming revolution! We no longer need to go to the movie theater or subscribe to expensive cable plans to get top notch original entertainment. The cord cutting streaming revolution had begun!
Disney saw the writing on the proverbial wall and Bob Iger made it clear that Disney needed to pivot to be ready as people were cutting the cord streaming their entertainment. And if Disney does expand Hulu into the European market, it means more original content and licensing of European series as new impositions have made it mandatory for streaming services. On the corporate end, both Disney and Fox employees are expected to be hit by the acquisition, which will see an estimated 4, employees laid off.
Most of these jobs are expected to be roles that now find themselves duplicated. Subscribe to get the best Verge-approved tech deals of the week. Cookie banner We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from.
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