DONE and ANNOUNCED ....
Walt Disney on Thursday announced it acquired many parts of 21st Century Fox in a deal worth more than $52 billion in stock. The company will get network Nat Geo, Asian pay-TV operator Star TV, Fox's movie studios, stakes in Sky and Hulu, and regional sports networks.
Disney's Fox acquisition bolsters its plans to become a dominant streaming service platform, making it a bigger threat to Netflix.
"The more desirable content they have, the better they will be able to compete in terms of trying to sell a subscription offering at a time there's so much competition for subscription-based services," said eMarketer senior analyst Paul Verna.
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more details ……..
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CNBC.COM
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14-Dec-2017 @ 12:06
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Sky Detail ....
Disney’s international reach would greatly expand through the addition of Sky, which serves nearly 23 million households in the UK, Ireland, Germany, Austria and Italy; Fox Networks International, with more than 350 channels in 170 countries; and Star India, which operates 69 channels reaching 720 million viewers a month across India and more than 100 other countries.
Prior to the close of the transaction, it is anticipated that 21st Century Fox will seek to complete its planned acquisition of the 61% of Sky it doesn’t already own. Sky is one of Europe’s most successful pay television and creative enterprises with innovative and high-quality direct-to-consumer platforms, resonant brands and a strong and respected leadership team. 21st Century Fox remains fully committed to completing the current Sky offer and anticipates that, subject to the necessary regulatory consents, the transaction will close by June 30, 2018. Assuming 21st Century Fox completes its acquisition of Sky prior to closing of the transaction, The Walt Disney Company would assume full ownership of Sky, including the assumption of its outstanding debt, upon closing.
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more details ……..
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THEWALTDISNEYCOMPANY.COM
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14-Dec-2017 @ 12:15
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Last edited by DVB Cornwall on 14 December 2017 12:18pm
the last thing we need is a Murdoch in Mickey Mouse ears
