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FOX TV and ABC, half of the four alphabet networks, will be owned by the same company.
Netflix will not only need to deal with a new player in town, but will lose much of its content. Netflix has already taken steps, working to create its own content.
The Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, its national sports channels FS1, FS2 and the Big Ten Network are not a part of the deal, and are being separated from Fox, and formed into a newly listed company that it will spin off to its shareholders.
So, Disney will influence Fox when it comes to movies and shows, but not when it comes to news and sports.
Will Fox change Disney, or will Disney change Fox?
The deal has Disney buying $52.4 billion worth of Twenty-First Century Fox. Disney will gain all of Fox's movie studios, their cable networks National Geographic and FX, Asian pay-TV operator Star TV, and stakes in Sky, Endemol Shine Group and Hulu, as well as regional sports networks.
FOX TV and ABC, half of the four alphabet networks, will be owned by the same company.
While there has been no language stating that Bob Iger, Disney's chairman and CEO, is going anywhere anytime soon, it is being reported that Bob Iger will remain Disney's chairman and CEO through the end of 2021.
The merger enables Disney to dig a little deeper into the world of streaming, with plans to become a dominant streaming service platform.
Disney announced plans in August to start stand-alone streaming services and pull its movies off Netflix starting in 2019, with plans to undercut Netflix's price. Disney also will create a stand-alone ESPN digital service with access to 10,000 additional live sporting events. The new streaming service would include all of Disney's products, including its "Marvel" and "Star Wars" films - and Fox's "X-Men," "Alien" and "Predator" franchises in addition to shows like "The Simpsons," "Family Guy" and "The X-Files".
Iger said the new company doesn't expect to reach the "scale of Netflix quickly," but aims to be a major competitor.
Netflix will not only need to deal with a new player in town, but will lose much of its content. Netflix has already taken steps, working to create its own content.
The Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, its national sports channels FS1, FS2 and the Big Ten Network are not a part of the deal, and are being separated from Fox, and formed into a newly listed company that it will spin off to its shareholders.
So, Disney will influence Fox when it comes to movies and shows, but not when it comes to news and sports.
-- Political Pistachio Conservative News and Commentary
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