Walt Disney, Inc. has bought most of 21st Century Fox’s Entertainment business for $52.4 billion.
This deal makes Disney much more wealthy and powerful. This means Disney will now have control over entertainment businesses including Hulu, Fox News Channel and National Geographic channels. Disney already owns ESPN sports network, Star Wars and Marvel. This is in addition to operating various theme parks and resorts.
However, Disney might become too powerful to a point where the US government could try to block this deal. This can happen if the government feels that Disney has too much control over the TV and movie entertainment industry. This means TV consumers like you or me would not be able to choose cheaper options since Disney would control a lot of what we and our children watch every day.
Nevertheless, if you are a huge fan of the Star Wars or Marvel movies then this might make you excited! Imagine more Star Wars or Marvel characters and stories. Have you seen the Marvel’s Avengers? This movie puts together our universe’s greatest heroes where they work together to defeat evil. Disney wants to do more of that by creating more worlds that we can enjoy.