Disney reportedly held talks to acquire most of 21st Century Fox, and while a deal currently being discussed, Sean Aune, director of operations at Techno Buffalo, joined Cheddar to expound on what a potential tie-up could mean.
For starters, Aune says this is an interesting move for Fox, given that the company “was born out of being a movie studio.” The potential deal would have seen those properties move over to Disney, leaving Fox with its sports and news properties. While a sale would be a risky move, Aune says the remaining assets are still Fox’s forte.
“If anyone can make it work, Fox can,” he said.
As for Disney, there’s a lot of content to play with, and says that could make the company more “content-hungry.” In addition, an acquisition would boost Disney’s competitive edge in negotiating prices for its content, due to new creators in its resource pool.
“There’s a lot of things that Disney is going to gain out of this,” he said, including the rights to "X-Men” and the “Fantastic Four”. Aune points out that would largely close the company's attempted acquisition of Marvel several years ago.
He suggested that all of the new content would smooth out challenges for Disney, which is launching its own streaming service.
On the streaming front, many investors fear what a potential acquisition would mean for Netflix. Aune, however, is not worried.
He says that by the time the Disney product launches, Netflix will be a largely “original content”-only platform, something that works in favor of the streaming giant.
“Most of what I watch on Netflix is their original content,” Aune said. “I don’t think there’s much to worry about here.”
The World Economic Forum says false and misleading information supercharged with cutting-edge artificial intelligence is the top immediate risk to the global economy.
CES 2024 starts this week in Las Vegas. It's set to feature swaths of the latest advances and gadgets across personal tech, transportation, health care, sustainability and more. Here's a list of the coolest announcements so far.
Astronauts will have to wait until next year before flying to the moon and another few years before landing on it. NASA on Tuesday announced the latest round of delays in its Artemis moon-landing program.
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as independent contractors. The labor department rule going into effect Tuesday replaces a scrapped Trump-era standard that lowered the bar for classifying employees as contractors
The KC-46 was to be the ideal candidate for a fixed-price development program. Instead, it has cost Boeing billions, and made industry wary of such deals.
Dave Long, CEO and Co-Founder of Orangetheory Fitness joins Cheddar to chat trends in the industry for 2024. He updates us on the company's plans to expand and what the state of the economy has meant for business.
One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric spinoff GE Vernova as part of a record equipment order and long-term service deal.
A moon landing attempt by a private US company appears doomed because of a fuel leak on the newly launched spacecraft. Astrobotic Technology managed to orient the lander toward the sun Monday so its solar panel could capture sunlight and charge its onboard battery.
