Disney

Disney’s Media Empire To Expand After $52B Deal to Acquire Fox

There are a number of major concerns swirling around the supposed impartiality of the mainstream media, and the latest from Camp Disney doesn’t indicate anything changing in the near future.

The enormous Walt Disney Company has been influencing American culture for decades as one of the world’s largest content producers.  After amassing an incredible fortune in the realm of family friendly entertainment, the cartoon pioneers have branched out into traditional media outlets as well with their purchases of ESPN and ABC; two networks who have been accused regularly of expounding the liberal lunacy of the radical left.

Disney has seemingly no plans to slow down either, as it is now being widely reported that the media conglomerate is now purchasing 21st Century Fox in a deal worth tens of billions of dollars. 

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“Disney on Thursday announced a deal to acquire many parts of Twenty-First Century Fox for $52.4 billion in stock. The company will get Fox’s movie studios, networks Nat Geo and FX, Asian pay-TV operator Star TV, and stakes in Sky, Endemol Shine Group and Hulu, as well as regional sports networks.

“The acquisition values the combined Fox business at $29.54 per share, based on Disney’s closing share price Wednesday. The deal has a total value of approximately $66.1 billion, with Disney assuming $13.7 billion of Fox’s net debt.

“Shares of Fox were more than 2 percent lower in premarket trading, while Disney traded 1 percent lower.

 “The acquisition bolsters Disney’s plans to become a dominant streaming service platform, making it a bigger threat to Netflix.”
Becoming a rival to Netflix with its own streaming service would put Disney back on the radar for many Americans who haven’t been following the digitally animated princess flicks or recently acquired Official Star Wars Licensed Films that the Disney company has been creating.
Furthermore, and perhaps even a bit worrisome, will be Disney’s ability to influence the sometimes edgy content that 21st Century Fox creates.  The theme park and movie company has made a global name for themselves in wholesome, family friendly entertainment that has only become less valuable as politically correct culture invades Disney’s every move.  Should this pervasive liberal ideology now mitigate the cultural landscape via Fox’s media empire, Americans could be in for a very boring blockbuster season next year.

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