With Disneys purchase of 21st century fox, many people have been forced to think wether or not this is a good or bad thing. I think from a business standpoint, Disneys purchase was a huge success for a company that is already on top of the world. According to Vox, Disney spent just over 70 billion dollars.
When you spend 70 billion dollars, you would expect a lot in return, and I think Disney got what they paid for. With all the movies that Fox has produced, the TV shows, and everything else, I think it was worth it. Some people might say that because of this “merger” of two huge companies, there will be lots of jobs lost. This may be true on the Fox side of things, that what happens when your company gets bought out, but I think a good portion of the jobs lost are going to be re opened on the Disney side of things now.
To answer the question, I think that Disneys purchase of Fox does not benefit the American people. According to Cnet, Disney’s purchase of 21st Century Fox creates a monopoly. I applaud Disney for growing their company larger and larger, but with the acquisition of Fox, this does in fact create a monopoly. Disney was already large before they bought fox. Now with their new purchase, they can run the box office. 21st Century Fox made all the kinds of movies that Disney never made, because that wasn’t their style. Now that Disney owns their whole studio, they can make those movies, and not damage the Disney studio name. The only positive I see coming out of this is all the new TV shows and movies that will hopefully be coming to Disney Plus.
According to ScreenRant, over the past ten years, Disney has had more films in the worldwide top ten highest grossing films than any other studio. With the merger of these two huge movie studios, Disney could run up to 40 percent of the whole box office. Many experts after the deal was announced stated the possibility of a “media monopoly” could happen, and I think we are all about to witness it.
Another negative is that the movie release schedule is going to be overhauled. ScreenRant says that in 2019, Disney released around 9 films NOT including ones under the newly acquired 21st Century Fox. If Disney only has itself to compete with in the box office, then they won’t have as much of a reason to make more movies or varied content.
One last negative about Disneys purchase is that it will limit the movies we get to see. Disney demands a 65 percent cut from ticket sales, and demands that the film is shown for 4 weeks minimum. Theaters who do not comply with Disneys commands may not have access to future films, but those who do comply have their screens taken up. Removing spaces for other films from different studios. Star Wars- The Last Jedi, was the highest grossing movie of 2017, but because of Disneys demands, many theaters did not show the movie. Because many theaters did though, and Disneys cut from ticket sales, added with the amount of time shown in each theater means it was still the highest grossing movie.
In Conclusion, the negatives outweigh the positives, making Disney’s purchase of 21st Century Fox not beneficial for Americans.