Disney has long charmed us with its enthralling stories but this time it is doing an enthralling task of acquiring 21st Century Fox’s movie and television production’s mammoth operations. Reports by Deadline co-editor-in-chief Mike Fleming Jr. in his column confirm that the acquisition process is on track and is proceeding at a rapid rate.
“I just want to start with a juicy rumor that is fast gaining steam in town today, that Disney is progressing speedily toward that rumored acquisition of Fox,” wrote Fleming. “The version I heard has the Murdoch clan keeping possession of sports and news properties, and the rest of TV and the film studio going to Disney.”
As industry insiders debate over the takeover amount there are other concerns surfacing over the possible loss of one of the major studios of the world. The “uncertainty that comes with potentially reducing a major studio to content generators under the Disney silo system,” has not enthused the industry. “Radio silence right now from both studios, and given how Disney made the Marvel and LucasFilm deals under the cone of silence, if this happens we’ll probably only know it when it’s announced. It is certainly being talked about today,” continued Fleming in his column.
Hollywood’s worry over the acquisition is proven by the fact it will reduce an already frugal diversity in creative studios. There are currently six major studios in the world Walt Disney Studios, Warner Bros. Entertainment, Fox Entertainment Group, Universal Studios, Sony Pictures Motion Picture Group and Paramount Motion Pictures Group. Read More