Disney-Fox $71B Deal Completed – Is It End of Deadpool and Simpsons?

149

Walt Disney Co. Chief Executive Bob Iger completed $71 billion acquisition of Rupert Murdoch’s 21st Century Fox Inc. 

Read about what might happen to the movies we love on Nexter.org.

Source: Pinterest

 

In a nutshell 

Walt Disney’s $71 billion acquisition of 21st Century Fox for assets was finally completed.  As noted, this happened more than a year after the proposal for a Disney-Fox merger.

“This is an extraordinary and historic moment for us — one that will create significant long-term value for our company and our shareholders,” Iger said in a statement.

Earlier it was reported that after the Disney deal with 21st Century Fox, Rupert Murdoch’s children would become billionaires. Revenues from the transaction will be $12 billion.

These funds will subsequently be distributed among the children of the media mogul.

Disney made a deal with Rupert Murdoch in December 2017 for the purchase of most of its assets in the 21st Century Fox company for $52.4 billion, in June 2018 the offer was improved to 71.3 billion.

At the same time, assets that are not transferred to Disney under the terms of the agreement should have been separated into a separate company, Fox Corporation, which was formed; it included Fox News and Fox Sports TV channels, Fox broadcasting network and a number of television stations.

Lachlan Murdoch will take over as CEO and chairman of the board, while Murdoch Sr. will act as co-chairman. The youngest son of the entrepreneur, James, will not occupy a senior position in the new corporation and will probably take up the investment fund that he has opened this year.

The most valuable asset of the new corporation will be Fox News channel. The pre-tax profit of the company’s cable network for the fiscal year ending June 2018 was $ 2.3 billion with revenues of $ 5 billion.

At the same time, in the field of on-air television, the numbers for these indicators are very different – $ 379 million and $ 5.1 billion.

The end of Deadpool and Simpsons? 

Ryan Reynolds reacted the Disney-Fox merger on saying “Feels like the first day of ‘Pool”.

 

The Simpsons showrunner Al Jean also commented on the situation with a funny pic:

 

“Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era,”  Bob Iger added.

It can clearly mean that the freestyle of content of Deadpool, Simpsons and other ‘adult’ movies and TV-shows might change greatly.


MORE HOT NEWS

Like this post? Let us know!
  • CoolAF (100%)
  • Cool (0%)
  • Whatever (0%)
  • Boring (0%)
  • WTF (0%)
Summary
Disney-Fox $71B Deal Completed - Is It End of Deadpool and Simpsons?
Title
Disney-Fox $71B Deal Completed - Is It End of Deadpool and Simpsons?
Description
Walt Disney Co. Chief Executive Bob Iger completed $71 billion acquisition of Rupert Murdoch’s 21st Century Fox Inc.  Read about what might happen to the movies we love on Nexter.org.
Nexter.org
Nexter.org
Nexter.org
https://nexter.org/wp-content/uploads/2018/04/logo_nexterbg.jpg

More News from Nexter