Now that Comcast has withdrawn from the bidding war, Disney is free to proceed with acquiring most of 21st Century Fox’s assets. Shareholders for both companies just approved a $71.3 billion buyout, a larger figure than either of the suitor companies’ earlier offers. They must still divest 22 regional sports networks per the Justice Department’s demands, but should everything go smoothly, the merger is expected to be completed in the first half of 2019.
Entertainment giant Disney today announced that it would buy most of the assets of Rupert Murdoch’s 21st Century Fox for $52.4 billion in stock in a move that reboots the Mouse House’s streaming and television ambitions.
Slowly, movie studios are putting the pieces in place for reducing the time between a film’s theatrical run and when you can watch it at home. The latest step toward this is news that Warner Bros. would be cool with people watching its movies as soon as 17 days after theatrical debut, according toVariety. That privilege would come with a $50 price tag — the same price Napster founder Sean Parker proposed over a year ago for his Screening Room service.