Disney's $71-billion purchase of Rupert Murdoch's entertainment assets, including 'The Simpsons,' 'Avatar' and Hulu, has also been a financial burden for the studio, which recently said it would eliminate 7,000 jobs to reduce costs.
on a $52.4-billion all-stock deal for Fox, which several observers said would have been a coup for Disney., who offered Murdoch considerably more money. To clinch the deal, Disney ultimately agreed to pay $71.3 billion. Comcast paid Disney $15 billion for Fox’s ownership stake in Sky.
Then, a year after the Fox deal closed, Disney was ravaged by the global pandemic — theme parks, movie theaters and sports attractions were shuttered — and it was forced to take on even more debt. As of last quarter, Disney’s debt stood at $45 billion.
Disney’s purchase of Fox kept the assets, including the popular streaming service Hulu, out of the hands of Comcast or another media foe. “The question for Disney is: Do they want to be a scaled, broad entertainment company or the mother of all niche entertainment companies with family-friendly entertainment,” said Jason Kilar, the former WarnerMedia chief executive who built Hulu. “Either approach can be successful and both entail differentiated content, but that’s the big question that hasn’t been definitively answered.”
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