Walt Disney buys Murdoch's Fox for $52bn

 

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It will be up to them to decide what to do. The media landscape is undergoing accelerated upheaval as traditional TV and film players seek to merge with cable operators to better combat tech giants, including Netflix and Amazon and their video streaming platforms. Mr Murdoch turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's largest news and film empires. Some of the games will cost to purchase but the latest video is always available. Speed Australian TV network.

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Will flying cars take off at the upcoming Consumer Electronics Show? Adjust slider to filter visible comments by rank. Before Clinton, and Bush II, there existed strong regulations to prevent the concentration of power in the system of media.

It was in place to make sure that democratic ideals where solidly on the side of the public and away from the hands of small groups of overly empowered men. These are external links and will open in a new window. The move is a sharp shift for year-old Fox owner Rupert Murdoch after more than half a century of media expansion. Mr Murdoch turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's largest news and film empires.

He said the break-up makes sense amid new threats from online advertising and competitors who are streaming entertainment into homes via the internet. Disney will scoop up Fox's movie and television studios, regional sports network and international holdings, among other investments. The purchase also extends Disney's global reach, adding media company Star India and Fox's interests in Sky plc and Tata Sky to its portfolio.

Disney will also get majority control of the video streaming service Hulu, which is also partially owned by Comcast and Time Warner. Disney already owns a vast array of news, film and leisure companies. But the media landscape is changing as technology companies like Amazon and Netflix attract customers to new ways of viewing. Disney is investing heavily in online streaming platforms, as a way to counter a downturn in its pay-TV business and threats from these new rivals.

There has been speculation the deal opens the opportunity to reunite Fox with the news businesses which were spun-off in following a scandal over phone tapping in the UK.