Posted by on March 23, 2019 3:00 am
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Categories: US News

The long-rumored Fox-Disney merger was made official Wednesday, as Disney closed on its purchase of much of Rupert Murdoch’s media empire. The $73.1 dollar “merger” – more accurately described as an acquisition – continues a worrying trend of media consolidation and gives Disney control and ownership over a historic 35 to 40 percent of the movie market. As of this week, it now owns the 20th Century Fox film and TV studios, Fox Television Group, countless international broadcasters, including the Star India conglomerate, and a controlling stake in streaming service Hulu.

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