So it’s official, our world is slowly becoming a Disney World with the entertainment mega giants new acquisition. For the, I’m sure, meager sum of $52 billion in stock Disney has acquired 21 St Century Fox’s film division and most of the television entertainment side also. What this means is that Disney is taking over the majority stake in National Geographic programs, Hulu, Sky, and most of the Fox Sports Network. Also, Disney now gets the rights to the X-Men, Fantastic Four, and Deadpool franchises, so you may see more crossover films than ever. This deal will considerably beef up Disney’s already considerable library, just in time for the planned launch of Disney’s own streaming service in 2019.
I have nothing against Disney. My kids love Disney. We have sung the songs from Frozen more times than I care to announce publicly. My concern is in one entertainment company owning almost every major interest in movies and television. This monopoly could lead to a lack of creativity and competition and an increase in following the movie or tv formula. And yes, every entertainment company has a formula they follow that works in gaining more viewer dollars.
Disney has already made some historic big deals under the leadership of their CEO Mr. Iger: Pixar, Marvel, and Lucas Films. So my question is: When is enough, enough? Like I said, I do not mind Disney films, but I also believe that competition is healthy and can spark more creativity. Of course that is just my opinion, but Disney is welcomed to buy it.