The world's largest media conglomerate just got bigger.
Disney's complete its acquisition of 21st Century Fox last week, March 19. The $71.3 billion dollar deal is one of the largest media mergers ever, and comes with a huge haul of properties such as movies, a movie studio, TV shows, TV networks and even a controlling stake in the TV streaming service Hulu. This is in addition to brands that Disney already owns such as Pixar, Marvel, and Star Wars, to name a few.
Disney's own video streaming service, Disney+, is supposed to launch some time this year, so this acquisition makes it primed to have an immediate impact in the video streaming service landscape. Some this is a positive thing, because we'll see better quality content and competition among the streaming services. That, and franchises such as the Fantastic Four and X-Men can once again be rebooted or become part of the Marvel Cinematic Universe.
Take a look a some of the positive reactions around the Twittersphere.
Others argue this is is a bad thing for consumers, saying Disney essentially has a monopoly on the entertainment industry. Many believe it's now capable of driving up prices on its services, as well as having too much power in the box office. There are also concerns that Disney can pretty much decide what we see in the media.
Here are some negative reactions to the news.
CNET readers also have some conflicting stances on the subject. CNET member Mccuerc believes this is bad for consumers and that capitalist system itself is to blame, as it creates a landscape in which we move from too much choice, to far too little.
"A monopoly is a bad thing. It destroys choice. A plethora of choices so broad that it paralyzes the consumer is bad. It destroys choice." — Mccuerc
This contrasts to CNET member CheddarBob69's opinion, who argues this is just they lay of the land, and if Disney didn't do it, somebody else would've.
"What wRead More – Source
The world's largest media conglomerate just got bigger.
Disney's complete its acquisition of 21st Century Fox last week, March 19. The $71.3 billion dollar deal is one of the largest media mergers ever, and comes with a huge haul of properties such as movies, a movie studio, TV shows, TV networks and even a controlling stake in the TV streaming service Hulu. This is in addition to brands that Disney already owns such as Pixar, Marvel, and Star Wars, to name a few.
Disney's own video streaming service, Disney+, is supposed to launch some time this year, so this acquisition makes it primed to have an immediate impact in the video streaming service landscape. Some this is a positive thing, because we'll see better quality content and competition among the streaming services. That, and franchises such as the Fantastic Four and X-Men can once again be rebooted or become part of the Marvel Cinematic Universe.
Take a look a some of the positive reactions around the Twittersphere.
Others argue this is is a bad thing for consumers, saying Disney essentially has a monopoly on the entertainment industry. Many believe it's now capable of driving up prices on its services, as well as having too much power in the box office. There are also concerns that Disney can pretty much decide what we see in the media.
Here are some negative reactions to the news.
CNET readers also have some conflicting stances on the subject. CNET member Mccuerc believes this is bad for consumers and that capitalist system itself is to blame, as it creates a landscape in which we move from too much choice, to far too little.
"A monopoly is a bad thing. It destroys choice. A plethora of choices so broad that it paralyzes the consumer is bad. It destroys choice." — Mccuerc
This contrasts to CNET member CheddarBob69's opinion, who argues this is just they lay of the land, and if Disney didn't do it, somebody else would've.
"What wRead More – Source