Disney Closing In On 21st Century Fox Deal, Monopoly On Media Ownership Still The Worst Idea
After a brief period of hushed talks and unverified rumours, CNBC sources revealed that discussions between Fox and Disney have progressed, and that it’s becoming ever more likely that the House of Mouse will soon own the Rupert Murdoch’s movie and TV studio division. That deal would include their movie studio and spin-off networks like FX and the National Geographic, with the value of said assets rumoured to be worth more than $60bn. Doing so would, of course, give Disney ownership of the Marvel properties Fox still has a stronghold on, mainly X-Men, the Fantastic Four, and Deadpool, thus bringing the entire comic book franchise under their umbrella in some form or another.
Fox have had a not too bad year, bolstered enormously by the success of Logan, and they’re certainly skewing a bit older than Disney’s output does, but coming under the control of the happiest billion dollar corporation on earth may have its advantages. The Marvel angle is obviously a big one for them, but it certainly never hurts to have big money on your side.
The problem, however, of this level of media monopoly is a major one. Nothing good comes when one company owns everything, and frankly, we can’t trust anyone to wield that level of responsibility, not when the bottom line is one of gargantuan profits. How this will effect Disney’s plan to compete with Netflix by releasing their own streaming service is anyone’s guess. We need more voices in our media, not less.
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