Earlier today, I read confirmation that Disney is buying 21st Century Fox for $52.4 billion. While I can see a couple of benefits personally, I think overall this isn’t a good thing, and I’m worried about what this could potentially do to the film industry (and possibly beyond that scope).
First, I want to mention two things, two disclaimers really. I own some stock in Disney, nothing too crazy, but some, so consider that when reading this story. The second caveat is that I love a ton of the films/properties that Disney owns, and some of those that they’re purchasing.
Ok, now with that out of the way, let me dive into my worries. In case you missed it at the very beginning of this post, but they’re purchasing it for $52.4 billion dollars, so I hope that impresses upon you the size of a deal like this. According to…
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