Hi everyone! As some of you may know, Walt Disney Company has purchased 21st Century Fox’s film, television and international businesses for US $52.4 billion. These two companies are doing it so that they remain competitive to Netflix and Amazon.
I think this acquisition is necessary for Walt Disney Company to remain competitive in today’s entertainment industry as many people are switching to watch shows and movies online and not willing to pay expensive cable services anymore. I guess I was right when I mentioned Walt Disney Company has durable competitive advantage while 20th Century Fox do not.
So what do you think of this acquisition? Please leave your comments below! Catch you on the flip side!