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Why did Disney buy Fox? What was the purpose of that?

 
 
Reply Sun 11 Aug, 2019 07:46 pm
Hi. I am just a little curious. Why did Disney buy Fox? What was the purpose of that? 21st Century Fox is a major Hollywood studio- did the company fall on hard times, and needed a company like Disney to back them financially?

Did Disney buy Fox partly to acquire the rights to the Marvel movie properties Fox owns?

Disney bought a lot of Fox's entertainment assets.

According to what I read, Comcast wanted to buy Fox too.

I think Disney owns ENOUGH stuff. The idea of buying Marvel Comics and an entertainment property like Star Wars took some getting used to at first. It wasn't really surprising that Disney bought Marvel- that seemed inevitable, considering Warner Bros. owns DC Comics.

What does Disney's acquisition of Fox mean for the future of Fox's animation properties? This seems a little weird and unsettling to me knowing the House of Mouse now owns Family Guy AND The Simpsons.

At least Disney doesn't own Terrytoons.

Please help- thank you.
 
Sturgis
 
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Reply Sun 11 Aug, 2019 11:04 pm
@JGoldman10,
Why?

Clearly to rake in more revenue.

Quote:
At least Disney doesn't own Terrytoons.


Mighty Mouse objected and Heckle & Jeckle went a little overboard.

At any rate, 20th Century Fox did briefly own distribution rights on Terrytoons. Later on, that was sold off to CBS, although for a while, distribution of cartoons to the theaters was still being done by Fox.

As for the future of animation projects, there's not a need for concern. The merged companies have numerous divisions. Even Disney has a division geared towards more adult entertainment (as opposed to the division which only creates for children).


Looking forward, Disney could decide to sell off For at some future date.
JGoldman10
 
  0  
Reply Sun 11 Aug, 2019 11:25 pm
@Sturgis,
But was Fox falling on hard times? Often, one company buys another if the latter company was having some kind of financial trouble.

That's a big reason Disney bought Marvel. Disney bought Marvel to help get Marvel more exposure.

According to http://www.animationscoop.com/beyond-the-simpsons-what-animation-assets-disney-will-own-by-acquiring-fox/:

"One thing they will not get is the Terrytoons (Mighty Mouse, Heckle & Jeckle, Deputy Dawg, etc.). Twentieth Century Fox distributed those theatrical shorts (and later TV series), but Terrytoons was an independent studio. Owner Paul Terry sold the library to CBS in 1955 (CBS/Viacom/Paramount still own those rights today)."
JGoldman10
 
  0  
Reply Sun 11 Aug, 2019 11:43 pm
@Sturgis,
Do you remember years ago when Disney had the Disney-MGM Studios (Theme) Park? Was that some part of some kind of special entertainment merger, or was that just some special licensing deal Disney struck up with MGM?
Sturgis
 
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Reply Sun 11 Aug, 2019 11:50 pm
@JGoldman10,
The MGM-Disney was a licensing agreement which eventually ceased and it went to being only with the Disney name.
0 Replies
 
Sturgis
 
  1  
Reply Sun 11 Aug, 2019 11:53 pm
@JGoldman10,
I don't know anything about what was going on with Fox's financial matters. Sometimes it's just a businesses deal that benefits both sides.

0 Replies
 
tsarstepan
 
  2  
Reply Mon 12 Aug, 2019 06:24 am
@JGoldman10,
JGoldman10 wrote:


That's a big reason Disney bought Marvel. Disney bought Marvel to help get Marvel more exposure.

Laughing Laughing Laughing Laughing
So bloody naïve.
0 Replies
 
izzythepush
 
  3  
Reply Mon 12 Aug, 2019 11:18 am
@JGoldman10,
Have you ever played Monopoly? There's a reason why you buy everything you possibly can at the beginning. It's the same reason Disney bought Fox.
0 Replies
 
jespah
 
  3  
Reply Mon 12 Aug, 2019 01:21 pm
@JGoldman10,
JGoldman10 wrote:

But was Fox falling on hard times? Often, one company buys another if the latter company was having some kind of financial trouble.

That's a big reason Disney bought Marvel. Disney bought Marvel to help get Marvel more exposure.....
No. That's not why companies buy other companies.

They buy low and sell high if they can. None of this is out of the goodness of anyone's heart whatsoever.

Corporations are in the business of making money. Period. If their work is accidentally altruistic, or it destroys the world, both of these consequences are secondary to the chief purpose of the business.

There's nothing nefarious about this, I might add.

Businesses are organizations of people which, by definition, are designed to make money. Even nonprofits, by the way. The main differences with nonprofits is they tend to plow their assets into other places. And those other places can be rather altruistic (schools for the blind, funds to cure terminal illnesses, etc.). But the people who work for nonprofit organizations are paid salaries just like employees in for-profit businesses, because their landlords and the electric company won't take good feelings and altruism in payment for bills.

And one more thing. Businesses scoop up undervalued businesses which they think have potential. Disney's management undoubtedly saw the purchase of Marvel's assets as a good investment. The Board of Directors agreed and, if the shareholders voted on it, they agreed, too. Given Marvel's popularity, it was a savvy decision.

And when Marvel stops making money for them, Disney will spin it off and sell it.
tsarstepan
 
  1  
Reply Mon 12 Aug, 2019 01:42 pm
@jespah,
jespah wrote:


And when Marvel stops making money for them, Disney will spin it off and sell it.

I suspect that will be approximately a week after the inevitable heat death of the universe and no sooner.
0 Replies
 
JGoldman10
 
  0  
Reply Mon 12 Aug, 2019 02:07 pm
I never professed to be an expert on business, economics or politics.
0 Replies
 
JGoldman10
 
  0  
Reply Mon 12 Aug, 2019 03:59 pm
I don't think most folks complained when Disney bought the Muppets. I assume most people liked that.

You knew that was going to happen eventually. Disney expressed an interest in acquiring Henson's company and the Muppets since 1989:

https://en.wikipedia.org/wiki/The_Jim_Henson_Company

I remember watching The Muppets at Walt Disney World in 1990:

https://live.staticflickr.com/65535/48523633462_d6e3c12212_o.png

This image still pops in my head.
0 Replies
 
 

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