It’s an arms race, and every media company is involved.
Disney announced its much-anticipated acquisition of a big piece of 21st Century Fox for $52.4 billion in stock.
The move gives Disney four important assets as the Mickey Mouse operation moves to compete with rivals including Netflix and Amazon.
Here’s what Disney is buying:
21st Century Fox movie studio
FX and National geographic cable channels and some regional sports channels
Fox’s stake in Hulu
Fox’s stake in European cable company Sky
What Disney is not buying: the FOX broadcast channel, Fox News, and some other smaller stuff like newspapers. Read more…