Before I begin I just want to say, this is the new name of my first weekly series formerly known as Netflix v Hollywood, Netflix/Hollywood. The new names is to reflect the wider media and entertainment industry which Netflix is also part of, and I also will be doing the same for the spin-offs: Hollywood Special (f/k/a Netflix/Hollywood Special) and the newly created On-Focus (next week will focus on Sony, and Disney's Bob Iger). Okay now let begin.
The Walt Disney company was founded in 1923 by two brothers- Walter "Walt" E Disney and Roy O Disney- it was a cartoon studio creating the popular Mickey Mouse character in 1928, got into animated films with Snow White in 1937, live-action in 1950, open it first theme park in 1955, and few years before that into television, the brothers past away, few hit and misses, Michael Eisner became Chairman and CEO in 1984, a Disney renaissance began. Disney Channel launched in 1983.Disney became the first and still the only media and entertainment company on the Dow 30, Disney buys ABC and ESPN for $19 Billion, Disney became the largest M+E (Media and Entertainment) company by revenue, Disney buys Fox Family (now FreeForm) for $5 Billion, another hits and misses, Comcast nearly bought them. Iger replaced Eisner in 2005. Disney make a deal with Steve Jobs, buys Pixar in 2005 for $7 Billion to dominate the Animated film genre, buys Marvel Entertainment in 2009 for $4 Billion to be a pop culture powerhouse, buys Lucasfilm in 2012 for $4 Billion to own Star Wars the biggest sci-fi franchise in history. They also got 75% stake in BAMTech which powers every streaming services including HBO Now. And now we get to 21st Century Fox, which on December 14, 2017 announced they were buying for $66 Billion (including debts) their biggest deal in their history. And if approved will make the New Walt Disney Co. a company with $75 Billion in annual revenue, $15-20 Billion profit and cash flow, and a market capitalization of $230-250 Billion. New Disney will be owned 75% by their shareholders, and 25% by Fox shareholders (in that the Murdoch family will own 5%). Disney will become the largest film and TV company on earth with content library that even makes Time Warner's Warner Bros. looks like an upstart media company, they will also own a stake in Sky the largest pay TV service in Europe, STAR India with 900 million subscribers (yeah that number is right), Hotstar with 100 million paying subscribers, Fox Sports Regionals will make ESPN a dominant sport brand locally, nationally, and International. ABC Studios fused with 20th Century Television will become the second largest TV studio on earth after Time Warner's WBTV. And Disney's Marvel will own all of the characters again excluding Spider-Man and Hulk which are owned by Sony and Comcast's Universal respectively. it also give Disney which is more family-focused adult-themed brands like FX which can compete with HBO and Starz in terms of programming and awards. And with streaming services such as Hulu (which they will now own 60% controlling interest), Disney-branded service and ESPN, Disney will become the largest media, entertainment, and technology company to have ever existed in History. Finally, I will just say Bring on New Walt Disney Company!
Submitted February 03, 2018 at 10:56AM by snack-fu-bling http://ift.tt/2GFQlcp
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