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In the News

Walt Disney buys Fox for $52bn

Graham Watson

15th December 2017

Disney has agreed to buy Fox Entertainment for $52.4 billion creating a media empire with a remarkably diverse portfolio of assets, from film studios, via cable television channels to intellectual property rights and so on and so on.

It's horizontal/vertical and conglomerate integration all in one, I guess, and as the article suggests, might be an attempt to position the company for future battles with other media/web behemoths like Amazon and Facebook. 

According to Statista, "With a combined domestic box office market share of 28 percent since 1995, Disney including 20th Century Fox will be nearly twice as large as its strongest competitor Warner Bros."

Walt Disney buys Fox for $52bn

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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