The merge that happened between Disney and Fox will not help the American People and will possibly hurt the entertainment business and could cause many layoffs. For Fox, the decision to sell was motivated mostly by fear of companies Netflix, Amazon and Apple that have enough money to spend on new shows with less episodes and more of a budget to play with in that case. The deal went down on Wednesday, March 20th, 2019 around 12 AM.
When Disney bought Fox it took over a lot of media industry, taking assets like the Fox film and TV studio, FX Networks, National Geographic and a 30% stake in Hulu move to Disney according to Deadline. For starts, in the notes from the lecture it explains TV company’s get a portion of the cable bill. The small companies will get sometimes change and bigger ones can earn up nine dollars from each person cable bill in America and all over the world. Furthermore, with the purchase Disney will be making a lot more money with adding 3 television station and also a film company tripling profits.
This merge could also cost massive layoffs for many Americans in both Disney and Fox. Expect thousands of positions to be eliminated due to overlaps in distribution, marketing and job overlap. Many people who are in a higher position who have been with the company along time could also get fired, do to high pay and long term contracts.
https://www.thewrap.com/disney-fox-film-hit-with-layoffs-again/
This will also effect the media market because smaller channels and production companies are going to have a harder time trying to build a brand and a name for themselves when Disney owes half of the market now. Movie theaters like Phoenix Theatre decided not to screen Star Wars: The Last Jedi because of Disney’s strict conditions of requiring the theater to run the film four weeks straight and play it four times a day Elkader Cinema in opted out the movie for the same reason, with owner Lee Akin stating that “I can’t get the entire town in my auditorium in one week’s time let alone four.” (Wiki)
The merging of Disney and FOX is not and will not be good for the future of the entrainment industry in future years to come because of their pretty much take over of the industry. Disney could soon own most of/ all of TV and film industry to come in the couple of years.
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