70 billion dollars and what really do they have to show for it?
The purchase gave them an insane amount of debt so they immediately laid off a lot of former fox employees and recently laid off 7000 employees to save them 5 billion.
They also haven't done much of anything with the Fox catalog.
Most of the new 20th century films were unceremoniously slapped onto Hulu streaming.
- Hellraiser 2022
- Prey
- New Mutants
- No Exit
- Barbarian
- Boston Strangler
- Crater
And more were all put on streaming and forgotten. Some of these movies were pretty good and could have made some money in theaters. I really liked Barbarian myself and Prey got a ton of praise.
What exactly did they get that was worth 70 billion? Avatar? The Simpsons? They could have just licensed those for Disney+ and saved a ton of money. Most of Fox's properties don't fit Disney. What are they even going to do with Alien, Predator, and Planet of the Apes? If Prey is any indication they aren't interested in putting them in theaters.
Before someone says X-Men what the hell have they even done with them? Some lame cameos. I'll never forgive them for the quicksilver gag in Wandavision. They got beat bad by Fox in the who has the cooler quicksilver so they make him a dick joke. Great.
They aren't going to do anything with the X-Men anytime soon. The 3rd Deadpool movie seems to be the only thing even cooking and that seems to be more because Ryan Reynolds is pushing it. If you're an X-Men fan you must be disappointed. Remember when we had an X-Men movie about every year? Say goodbye to those and Alien, Predator, Planet of the Apes.
FX seems to be doing alright but all to adult for Disney so to Hulu it goes. Why did they make a big deal out of Disney+ anyway? Wouldn't it make more sense to have one app? Put it all on Hulu. Why are their two apps with very different interfaces for one company?
Now that Disney is losing money in streaming and with recent flops I think this deal needs to be scrutinized more. Blame Capitalism or streaming mania but I have to say even from a business standpoint it makes no sense at all.
What do you think? Was this the beginning of the end for Disney's box office dominance? A bad play to kill Netflix? Or is Disney planning something that will take years to bear fruit?
They reacquired a significant amount of critical Marvel IP, they completed ownership of Star Wars (the first film was owned by Fox), they acquired a huge portfolio of lucrative IP (one of things you are complaining about), but most importantly they acquired Star… a huge media presence outside the US, especially in Asia.
Also, don’t forget that the merger only completed in 2019, right before a particular major global event that we only just started coming out of… and which continues to impact the film industry in particular in some very wild ways.
Also Fox Sports International. People often seem to forget that Disney isn’t just a production studio, it’s a media empire, they make the most money from their linear TV networks, especially the sports channels. Also their parks and merch departments make more money than they make directly from movies. The movies they put in the cinema are just tools to get people to buy merch, go to the parks and to get eyes on the ads on the networks.