Thursday, 14 December 2017

Disney buys Fox acquiring rights to original Star Wars

As expected Disney has bought 20th Century Fox for over $52 billion dollars. This encompasses film and television assets including Sky.

The Alien, Avatar, Buffy, X-Men and The X-Files franchises, to name just a few, will bolster the Mouse House's content ahead of launching its own streaming service to rival Netflix. The company will also have a controlling stake in Hulu.

Disney now has the rights to the original Star Wars movie, A New Hope, which Fox originally owned in perpetuity. Timely in the wake of The Last Jedi premiering in cinemas this week.

Bob Iger will remain Disney CEO through 2021. Presumably to oversee the successful acquisition that will disrupt the Hollywood studio system.