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Bob Iger Explains Why Disney Ultimately Decided To Buy Fox
The entertainment world was in awe when it was revealed that the Walt Disney Company had been in talks to purchase 21st Century Fox from Rupert Murdoch's Fox Corporation. The awe turned to shock when the deal was done and Disney spent $71 billion to purchase the film studio and cable channels from the media company. The deal has changed the media landscape forever, but Bob Iger admits it likely would not have happened if the media landscape were not already changing, as the decision to buy Fox was entirely because of Disney's plans to launch its own streaming service.
Last week the Walt Disney Company held a grand unveiling event to show the public Disney+, the new streaming service that is set to launch in November. Included in the service will be content from National Geographic as well as many other Fox properties like The Simpsons. All this content will certainly make Disney+ a more attractive service and Disney CEO Bob Iger admits that the content was the reason Disney bought Fox. According to Iger...
We would not have done that transaction had we not decided to go in this direction. Because if we hadnt, we would have been looking at that business and through a traditional lens: Oh, were buying TV channels. Were buying more movie-making capability, et cetera.
While buying more TV channels and movie making capability certainly has its benefit, it's not like Disney is a company in need of such things. The company's movie making arm is basically making all the money these days thanks to Marvel and Star Wars and almost every other film the studio releases. Making more money from other avenues would certainly be important, but it would take a long time for those avenues to make back the $71 billion purchase price.
However, when you add in that all of that content from those cable channels and movies will also be appearing on the new Disney+ streaming service and potentially attracting new viewers, the price begins to be paid back that much faster with every new subscription to the service. Iger tells CNBC "the light bulb went off" when it came to realizing what the Fox library could mean to the service.
When Disney revealed new Disney+ details last week National Geographic was given as prominent a place as Pixar when it came to announcing what would be available for the service. In fact, one of the original shows being produced for the service by National Geographic will follow those that take care of animals at the Disney theme parks, marking one of the first direct collaborations between Disney and a former Fox property since the acquisition.
Content is king in the streaming game and so the more Disney+ has to offer, the more subscribers it will be able to entice. The $6.99 per month price point won't hurt either.
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Bond 25 has had a rocky start, since original director Danny Boyle left the project due to creative differences back in August. Now with Cary Fukunaga and the original screenwriters onboard, who also penned the last six Bond films, it looks like Bond 25 is getting back on track and has some incredible potential.
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INSIDER breaks down the small moments and details you may have missed in the "Endgame" trailer, including how Black Widow's hair color may signal a time jump. Marvel released a new trailer for "Avengers: Endgame" on Thursday, and it answers at least one big question we have: Will Tony Stark and Nebula get back to Earth? It's a definitive yes.
The comic book movie genre was forever changed by Christopher Nolan when The Dark Knight convinced Hollywood to take superheroes seriously. That was until the comic book movie was revolutionized again six years later by James Gunn when Guardians of the Galaxy, starring then sitcom star Chris Pratt, convinced Hollywood to take superheroes less seriously again.
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One of the biggest points of contention in The Last Jedi is the fate of Mark Hamill's Luke Skywalker, and now the beloved actor has shared his hilarious first reaction.
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This video we discuss Godzilla King of the Monsters - Godzilla vs Kong, Kong Will be the Underdog. An article posted by Bloody Disgusting News, where Godzilla King of the Monsters Director Michael
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Michael Bay will not return to helm 2020's highly anticipated Bad Boys for Life.Those duties will fall to relative newcomers Adil El Arbi and Bilall Fallah. When we got a moment to speak with Martin Lawrence at the South By Southwest premiere of his new movie The Beach Bum, we asked Lawrence if it was strange doing a Bad Boys sequel without Bay, and he told us:
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When (and not if) you see Ant-Man in the Wasp when it opens in theaters July 6, you're going to see a major shift in roles in the MCU. The follow-up to 2015's Ant-Man, starring Paul Rudd and Evangeline Lilly, is the first Marvel film in their 20 films to feature a woman superhero in the title.
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Jul 30, 2018 ; AceShowbiz - Here's your first look at Chris Hemsworth and Tessa Thompson suiting up for their roles in an upcoming "Men in Black" movie. A new photo from the reboot shows the two
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It seems we'll be able to enjoy Spider-Man Far From Home a few days earlier than we originally thought.. Sony has announced that it will be moving the release date for Spider-Man Far From Home up from July 5 to July 2 in the U.S.
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