LOS ANGELES (TIP): It is the latest corporate wedding between Mickey Mouse’s sprawling
media empire and the entertainment assets that were built under Rupert Murdoch.
The $71 Million acquisition officially closed March 20, and in the process reshaped
Hollywood’s two major studios.
The assets that Murdoch keeps provide a leaner, more focused entity built around the Fox
broadcast network, Fox News Channel and Fox Sports. That company will live on as the Fox
Disney CEO Bob Iger, meanwhile, achieved the necessary bulk, theoretically, to mount a
formidable competitor to Netflix (NFLX), Amazon (AMZN), Apple (AAPL) and other
streaming and tech giants crowding into the entertainment field.
Prem Parameswaran Group CFO & President North America, Eros International, when asked by
The Indian Panorama to comment on the deal said: “The Disney Fox deal is very exciting for the
global media and entertainment industry. Disney is combining its content with Fox as well as
Fox’s rights to cricket in India and will also be launching Disney Plus later this year. They
basically have three different OTT platforms (Disney Plus, Hulu and Hotstar). Bob Iger’s
strategy is excellent and shows that having premium content whether entertainment or sports will
ultimately win consumers. Obviously at Eros International we believe in a very similar strategy
as we have meshed the best Indian content in the world on our global OTT platform Eros Now.
This ultimately leads to a rapidly growing consumer base. In fact, Disney’s strategy in OTT
basically validated the strategy that we set forth for Eros Now. So, with that I commend my
friend Bob Iger.”