Disney prepares to dominate the world
Late last year, word came from Hollywood that the Walt Disney empire was poised to acquire several valuable Fox assets. The deal of the century nearly fell through when the bosses of Universal's Comcast entered into negotiations with Rupert Murdoch. To return to the negotiating table with the owner of Fox and get rid of the competitor, Disney executives had to raise their offer from $ 54.4 billion to $ 71.3 billion. Analyst publication CNNMoney shares interesting information about why the House of Mouse is ready for such huge expenses.Financiers estimate that ownership of 20th Century Fox, Fox Searchlight Pictures and Blue Sky Studios will allow Disney to pocket about 40 percent of the North American box office. Disney's closest rivals, Warner Bros. and Universal Pictures will be capped at 16 and 15 percent, respectively. Analysts fear that Disney bosses will now put even more pressure on theater chain executives. The scandalous story of how the Disney empire crossed the path of Quentin Tarantino and his "The Hateful Eight" is fresh in the memory of fans of the most important of the arts. Since then, the studio has begun to pursue an even more aggressive policy in negotiations with film networks. Whereas Hollywood majors typically earn 40 to 55 percent of ticket sales, House of Mouse earned 65% of the box office revenue of the blockbuster Star Wars: The Last Jedi. At the same time, the directors of the cinemas were forced to sign onerous contracts, according to the terms of which they had no right to remove the film from the main halls for four weeks.  According to another view, the deal between Fox and Disney could do more good than harm to the film industry. It is possible that now a number of Hollywood companies will stop competing with the Walt Disney studio in spending and will finally begin to pay more attention to fresh ideas and high-quality scripts. The Topic of Article: Disney prepares to dominate the world. |
