But Disney Plus will be able to draw upon a library of revered films dating back several decades while it also forges into original programming.
Comcast and Disney are vying to purchase European broadcaster Sky. Analysts say a bidding war could break out.
Disney CEO Bob Iger positioned his company's acquisition of Fox's TV and movie businesses as a way for the company to prepare for a future in which streaming and direct-to-consumer dominate media consumption, on a conference call this morning to discuss the $52 billion deal.
- Bob Iger will remain Disney's chairman and CEO through the end of 2021.
- The Disney-Fox deal will give Disney more content when it launches its own streaming service.
- Netflix may lose more content, but the company has already made moves to create more of its own content.
