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The Silicon Review Asia

Walt Disney Is Set to Be the Largest Media Conglomerate, Now Buys Star India and Hotstar

Walt Disney Is Set to Be the Largest Media Conglomerate, Now Buys Star India and Hotstar

After acquiring 21st Century Fox in a $71 billion deal, Walt Disney has now bought Star India and Hotstar.The deal also makes Disney the owner of the Indian TV giant star’s sports and entertainment channels including Tata Sky. Presently Walt Disney is the largest media conglomerate in the world.

Other than that, the company will take hold of Rupert Murdoch’s properties like 21st Century Fox’s film production businesses that includes Fox 2000 Pictures, Twentieth Century Fox, Fox Searchlight Pictures, Fox Family, Fox Animation, and also including Fox’s TV department. Furthermore, the multinational mass media and entertainment conglomerate also owns National Geographic Partners and Fox Networks Group International.

It took a years’ time to materialise the acquisition, and the information regarding this was out now when the company plans to take on Netflix, Apple’s own TV service, and Hulu by launching its own streaming service. According to certain reports, the streaming service is going to be named Disney Plus. Set to be unveiled next week, Bob Iger, Chairman-CEO of Disney, believes that the acquisitions bring an extraordinary and historic moment for them – one that will prove highly valuable in the long term for the company and the shareholders.

“Combining Disney's and 21st Century Fox's wealth of creative content and proven talent creates the pre-eminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era”, he added. Murdoch’s Fox Corp will still be retaining its independence and entities like Fox News and Fox Sports in the US, despite the acquisition.

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