When news broke that Disney would be purchasing most of Fox assets it shocked the world. Now, months later with the recent interest from Comcast to outbid Disney for Fox properties many fear the Disney and Fox deal will be scratched. Disney CEO Bob Iger provided an update on the situation during Disney’s Quarter One earnings call.
“Thanks, Low, and good afternoon, everyone. Before we discuss the quarter and other developments across the company a quick update about our recently announced acquisition. The regulatory process has begun in numerous jurisdictions across the world. And i spent the last several weeks meeting with a number of business leaders at Fox, gaining insight that will be valuable when it comes to integrating our organizations once we have regulatory approval.”
During the regulatory process, companies could bid on some Fox properties. Iger also said this.
“After these discussions, I’m even more enthusiastic about the businesses we’re acquiring and the management teams that are leading them. As we said, when we announced this deal, there are three primary strategic priorities fulfilled by the acquisition. It will deliver more content and the production capabilities and talent to produce even more. It will enhance our direct-to-customer initiatives with platforms, technologies =, brands and existing customer relationships to build on. And it will greatly diversify our businesses geographically. All three of these elements sync up perfectly with our own core strategies, and all three are designed to create growth in a very dynamic global marketplace.”
It’s obvious Bob Iger is excited about this deal and he should be. Two of the biggest entertainment companies will be coming together all under his watch and his company. Comcast may acquire a thing or two but it seems as though Iger is ready to do whatever it takes to get Fox assets.
Make sure to tell us what you think about the deal by tweeting us at @SuperBroMovies.
Source – comicbook.com