Disney Not Purchasing Fox May be Great for Hollywood

Nick Kush

A current college student, Nick founded MovieBabble in October of 2016. As a film critic, he offers content that is meant to entertain as well as educate. He fell in love with film after first seeing Forrest Gump and has been hooked ever since.

4 Responses

  1. The Craggus says:

    Surely the elephant in the room here is what happens now to Fox? This wasn’t predatory Disney looking to pick over the carcass of a fallen rival, this was Fox deciding it wants to hive off its entertainment division to focus on news and sports. Just because Disney didn’t seal the deal doesn’t mean other predators won’t come sniffing around Fox now, ones with tighter purse strings and even less concern for artistic integrity, like a venture capitalist firm. Disney have been widely made out to be the villains here but they didn’t create this situation and whatever happens to Fox now will be Fox’s fault, not theirs. The Hollywood people seem to have suddenly lionised is by no means safe and may, in fact, be more in jeopardy than ever before.

    • Nick Kush says:

      I think Fox might be okay for the foreseeable future. They’ve had a decent year in terms of returns for their films. I think what might sink them is if the new Avatar films fail. They’re pouring a ton of money into them

      • The Craggus says:

        I don’t think I’ve explained my point clearly enough. Fox aren’t looking to get rid of their entertainment division because it’s lost money recently or underperformed generally, they want to cleave it off because it doesn’t fit with their strategic business goals anymore. They want to focus on sports and news as their core business and the movie and tv production business is now surplus to requirements. Whether it’s profitable or not will really only have a short term impact on the sale price of the assets and IPs. If not Disney then *someone* is going to end up owning 20th Century Fox as a tv/movie studio because Fox corporation doesn’t want it anymore.

      • Nick Kush says:

        I️ don’t know about that. If it’s still profitable it wouldn’t make sense for them to get rid of it unless someone blows them away with an offer. I️ don’t know how much room for expansion there is in sports/broadcasting, especially with the continuing amount of chord cutters out there. They may still do it, but it’s probably not smart

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