irma vep (sluttyroyals) wrote in ohnotheydidnt,
irma vep

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Disney would own 40% of the US box office if it buys Fox

  • Last month, the Department of Justice (on the casual urging of Tr*mp appointed Assistant Attorney of the Antitrust Division Makan Delrahim) approved of Disney's purchasing of various Fox properties. Though this has yet to be fully finalized (it would still have to be approved by both a federal judge and the company's shareholders, as well as dealing with a lawsuit from a Fox shareholder to stop the merger), this has prompted full speculation should the vote swing to yes on the 27th of July.

  • if the merger goes through, this would essentially guarantee Disney a 40% ownership of the US box office.

  • "Picture this: a company so large that it can corner the market on blockbusters even more than it already does, while at the same time sweeping up every coveted industry award. A company with sway over theater chains, and a command in the developing streaming market."

  • An analyst for FBR Capital Markets has said that this move could turn Disney into the "Walmart of Hollywood".

Tags: 20th century fox, box office, disney
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