As Disney swallows Fox, a new era dawns for Hollywood

After years of tremors, the earthquake that had lengthy been predicted lastly shook Hollywood.

Disney’s deal to buy most of twenty first Century Fox ends the period of the “Massive Six” main film studios, toppling one of many business’s most famed studios and dramatically redrawing the Hollywood map.

Disney’s transfer — to pay $fifty two.four billion in inventory for Fox belongings — has numerous reverberations. However by successfully swallowing Fox’s movie studio, Disney has quickly accelerated the business contraction that many thought-about inevitable in an period of flat-lining ticket gross sales and new streaming rivals like Netflix, Amazon and Apple.

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