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Disney is about to become the 'Walmart of Hollywood'

Disney-21st Century Fox deal is the first major consolidation in Hollywood since Comcast Corp swallowed Universal Pictures in 2011

Gerry Smith & Anousha Sakoui | Bloomberg 

Walt Disney Co’s deal with 21st Century Fox Inc will transform Hollywood’s most successful studio into an even more powerful force, potentially pressuring rivals to consolidate, squeezing theatre chains and furthering the industry trend of blockbusters and sequels. Disney will acquire Fox’s studio, cable channels such as FX and National Geographic, and international assets in a deal valued at $52.4 billion, the companies said Thursday. The deal can be completed in 12 to 18 months if regulators approve it, Disney said. “Disney is becoming the Walmart of Hollywood: ...

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First Published: Sun, December 17 2017. 00:41 IST