How Netflix and Amazon Forced Disney's Hand
There's no question that the advent of streaming changed the television landscape. When Netflix (NASDAQ: NFLX) introduced the concept 10 years ago, few could have predicted the ripple effect that would result from internet-delivered programming.
After weeks of speculation, the news was confirmed on Dec. 14 that The Walt Disney Company (NYSE: DIS) would acquire Twenty-First Century Fox (NASDAQ: FOX) (NASDAQ: FOXA), including its film and television studios, in a deal valued at $52.4 billion. Fox would first spin off its Fox Broadcasting network and stations, Fox News, and Fox Business, as well as sports channels FS1, FS2, and Big Ten Network.
The catalyst for the megadeal can be traced to the advent of streaming television and the evolution of consumer behavior.
Source: Fool.com
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