Anonymous ID: 2174f3 Dec. 5, 2020, 8:51 a.m. No.11913773   🗄️.is 🔗kun

China approved control of megers? = media/information control? ABC is owned by Disney.

 

https://www.hollywoodreporter.com/news/disney-gets-china-approval-fox-acquisition-1162571

(Sorry, about 95% of the time won't let me embed- and I've tried the suggestions)

 

Disney Gets China Approval for Fox Acquisition

8:17 AM PST 11/19/2018 by Patrick Brzeski , Georg Szalai

China has given unconditional approval to Walt Disney's $71.3 billion planned takeover of large parts of 21st Century Fox, Disney said Monday…

 

The deal still requires regulatory approval from a number of nations around the world, but the unconditional green light from China represents a huge win for Disney, given President Donald Trump's escalating trade war against China and the scale of the studio's business in the country, which is home to the world's second-largest box office by revenue…..

 

….But Buckingham Research Group analyst Matthew Harrigan earlier this month wrote in a report: "We continue to think that it is unlikely that Beijing will 'weaponize' its antitrust approval process for the Disney Fox deal — even though the State Administration for Market Regulation has never publicly commented on the deal. China continues to posture itself as a champion for globalization, and Disney CEO Bob Iger has an exceptionally good relationship with Chinese President Xi Jinping."

 

The approval by China indeed continues Disney chief Iger's rare winning streaking in the highly regulated Middle Kingdom media market. Disney under Iger arguably has done more to cultivate ties with Beijing than any other international media company, most notably the two decades' worth of courtship that culminated in the launch of the Shanghai Disney Resort in 2016….

 

….Disney initially agreed last December to buy the majority of Rupert Murdoch's Fox entertainment empire for $52.4 billion in stock. But Comcast then entered the fray and sparked a bidding war, which Disney ultimately won with a considerably higher $71.3 billion bid.

 

The deal would expand Disney’s already powerful position in the feature film business, uniting Disney's Star Wars, Marvel and Pixar properties with Fox's Avatar, X-Men and The Simpsons franchises. The pact also brings together Disney's television assets, including ABC and ESPN, and Fox's FX Networks, National Geographic and some 300 international channels, along with Fox’s stake in Hulu, which would give Disney a 60 percent stake in the online streaming service.