Background:
Disney back in August of 2017 announced that they will cease its exclusive movie deal with Netflix. This was so that they could begin their own online streaming service.
Present News:
Rumors that Disney planed to purchase a majority of 21st Century Fox have hit the major business media players. This would be to of course expand their selection for their future streaming service. As great as Disney is, not everyone wants to binge Frozen or the other animated movies. Of course this would include future Star Wars movies/TV-shows. As reported by Business Insider;
Disney was reportedly interested in buying Fox assets including its studio division, partial ownership of the UK telecoms company Sky, and networks such as National Geographic and FX.
Who Benefits:
Well of course Disney would benefit from having more to offer consumers, but 21st Century Fox would benefit as well. This potential deal would help 21st Century Fox shed some much needed fat on its balance sheet and focus more on its news and sports networks.
Disney being the giant that it is would be able to definitely afford to purchase more studios. Could this have been the first of many acquisitions by Disney? Also, on a more business related side, would the introduction of National Geographic and FX be enough to compete against Netflix? This news of course had Netflix's stock price decrease.
I personally believe that Netflix will continue pumping out original content in anticipation of more studios leaving Netflix, this because the rise in popularity of online streaming. Disney is definitely big enough to compete with Netflix on this though.
Update:
11/6/2017 2:54 EST. Bloomberg states that talks between the two companies have ended, but not permanently.
Bloomberg Article
Source:
Source
Disney/Fox would have to come out with an absolute shit ton of original content to compete in that regard. I doubt streaming is their only goal, however.
Exactly and with Disney's size and reputation for production, Netflix would definitely have something to worry about. Although Netflix has a major lead in subscribers, Disney is not a company to underestimate.
Could've saved us from that hellish Fantastic 4 reboot
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