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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.
Cannes: Directors' Fortnight 2019 Lineup Includes Robert Pattinson's 'Lighthouse,' Guadagnino Short Film The lineup also includes new films from Bertrand Bonello, Rebecca Zlotowski, and
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The trailer for the upcoming horror filmDoctor Sleep- a sequel toThe Shining- has just been released. Nearly 40 years after Stanley Kubrick's ground-breaking movie adaptation of the Steven King book, we're going to see a new chapter that is also based on a novel by horror's most famous and celebrated writer.
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I just saw Alita: Battle Angel and I am ready to render my judgement All users, both new and returning, are expected to follow THE CBR COMMUNITY STANDARDS & RULES . If this is your first visit, be sure to check out the FAQ by clicking the link above.
Alita: Battle Angel - Wikipedia
The New Mutants reshoots are going to happen this year May 30, 2019 by: Cody Hamman Things were looking quite promising for director Josh Boone's THE NEW MUTANTS at one point.
What the hell is going on with The New Mutants?
How Ant-Man And The Wasp Will Dive Deep Into The Quantum Realm
Seemingly haunted movie sets are nothing new, yet everytime news breaks of another one being added to the list is always exciting. Corin Hardy, director of The Nun, told CinemaBlend about a strange encounter he had on set, fueling anticipation for the upcoming film.
THE NUN (2018) | Behind the Scenes of The Conjuring spin-off
Throughout its 8-season run, creators David Benioff and D. B. Weiss have added some easter eggs to the world of Westeros by letting the likes of Ed Sheeran, Chris Stapleton, Rob McElhenney, Aaron Rodgers and more diehard GoT-ers have cameos in the hit series. Here are all the celebrity cameos you may have missed in Game of Thrones.
Every Celebrity Cameo from 'Ocean's 8' - New Ocean's 8
James Gunn's departure from Guardians of the Galaxy Vol. 3 quickly puts the entire project into question. The creator was scheduled to write and direct the third installment, just as he did the previous two films. But, now that Disney has fired him, what is going to happen to Guardians of the Galaxy Vol. 3?
What's Going On With Guardians Of The Galaxy Vol. 3 After
Alita: Battle Angel is a 2019 American cyberpunk action film based on the 1990s Japanese manga series Gunnm (known as Battle Angel Alita in the English translation) by Yukito Kishiro. Directed by Robert Rodriguez , the film is co-produced by James Cameron and written by Cameron and Laeta Kalogridis .
Oct 11, 2018 · Mister Rogers movie crew member dies after falling 2 stories on film set. James Emswiller fell two stories on the Pennsylvania set of the Mr. Rogers biopic starring Tom Hanks.
Tom Hanks Mister Rogers Movie Crewmember Dies After On-Set
Michael B. Jordan on boxing in 'Creed': Every punch is a line Michael B. Jordan surprises a superfan on the set of Creed II. Michael B. Jordan, Sylvester Stallone return to the gym in
Prepare for a journey across space in time with A Wrinkle In Time this weekend, and then come back here to rate and discuss your adventure!
A Wrinkle in Time: weird science and giant Oprah - discuss
Also Read: 'Wonder Woman' Gal Gadot Filmed Reshoots At 5-Months Pregnant Now, Gal Gadot's costume as the Princess of Themyscira seems a little more vivid than before. Slightly changed Gadot - wait for it - from outside, returns as Diana.
Wonder Woman 1984: Gal Gadot shares photo in costume
Check out these new hi-res Aquaman images that feature Patrick Wilson's Orm and Willem Dafoe's Vulko atop some armor-clad sea creatures. dynamic designs for the underwater creatures and armor
AQUAMAN Concept Art Features Orm And Vulko Sitting Atop Giant
For now, James Wan and Amblin are looking for a writer for the Arachnophobia remake. That's proof enough to indicate that these are very early days as there is not even a script ready as of now. There is no mention of a director, but, that decision would be made, most likely after a script is ready.
Arachnophobia is getting a remake - close-upfilm.com
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