There's no escaping Disney. Not only did it recently release the long-awaited Star Wars: The Last Jedi, but the production company also made the headlines in financial journals, not just cinema magazines.
This is due to a monster takeover deal with Fox worth $52.4 billion (around £40 billion), quite a way from when Disney bought Lucasfilm in 2012 for $4 billion (£30 billion).
Fox is one of the six biggest studios in the world, famous for having produced such movies as Titanic, Aliens, or The Simpsons, as well as a bunch of Oscar-winning movies (under their Fox Searchlight banner), including Slumdog Millionaire, 12 Years a Slave, The Grand Budapest Hotel, Birdman and The Martian.
And it now owns major Marvel franchises such as X-Men, The Fantastic Four and the recent hyper-successful Deadpool (still "R-Rated" btw).
A new cinema industry is taking shape
In 2018, there will now be only five US mega studios (which are also the five biggest studios in the world): Disney-Fox, Sony, Paramount Pictures, Warner Bros. Pictures and Universal Pictures.
If you need a more in-depth analysis, check out this graph detailing today's US cinema studios' percentages of market share between 1995 to 2017, courtesy of the website The Numbers:
- Disney (Lucasfilm, Marvel Studios, Pixar) + Fox (20th Century Fox, Fox Searchlight Pictures, Fox 2000): 27 %
- Warner (New Line Cinema, DC Films): 15,36 %
- Sony (Columbia Pictures, Screen Gems, Tri-Star): 12,22 %
- Universal (DreamWorks, Focus Features): 11,49 %
- Paramount (Nickelodeon, Paramount Animation): 10,89 %
The cinema industry is one thing, but it's also interesting to know that, by buying Fox, Disney is one step closer to take on streaming giant Netflix. Disney actually stated some time ago that it wanted to launch its own streaming platform in 2019.
Moreover, thanks to this takeover, Disney's share of Hulu (until then 30% owned by Fox) rose to 60%. 2018 will be the year when Disney storms the streaming market after having progressively taken over the cinema industry in the space of only a decade.