Walt Disney established Disney in 1923. It created many cartoon characters and their movies. It has now taken over Twenty First Century Fox. This company was established on 31st May, 1935. It is one of the world’s biggest movie making companies. It has produced Avtaar, Titanic, Life of Pie, and many such successful movies. Whatever successful movies have been released in the last 80 years, 60 per cent of them have been produced by 21st Century Fox. It has also merged Blue Sky, American Dead, Sky TV Net Geo with itself. It has spread into TV, radio, music, sports news and broadcasting. It has become a 3 lac 66 thousand crore company. Disney bought it for 4 lac 97 thousand crore. That has given Disney the rights over thousands of movies, serials, biopics, songs, books, channels, broadcasting companies, and studios.
Disney has also acquired ABC Television group, ESPN, Lucas Film Ltd, Marvel Entertainment and Pixar. By acquiring ABC, Disney has established itself in TV. It has leading 25 networks under it. ESPN monopolises sports. Lucas has made Star Wars and Indiana Jones. It is also a big movie producing company. It has produced hundreds of movies in the last 47 years.
Marvel Entertainment is considered as the factory of superheroes. Their last movie was the highest grosser Avengers’ Endgame. Pixar has taken many Oscars. It has revolutionalised cinema techniques. It has enriched animation.
Disney now controls 70 per cent of entertainment industry. In the list of 10 Biggest Grossers in the world, eight movies are from Disney. Only two are from others — Jurassic World and Furious 7. It gives an idea of how robust Disney has become.
In India Fox has invested into Star Network. Star has now become Disney property. Fox also had stake in Tata Sky, Airtel Digital, Dish TV, Videocon D2H, Reliance Digital TV. Many movies have been made by Fox Star Studio India — Slumdog Millionnaire, Sanju, MS Dhoni — the Untold Story. Hotstar network is also with Fox Star. Hathway and Asianet has also Fox stake. Cricket shown on TV by Star now will enrich Disney. Disney thus has captured a large portion of Indian media space. It has screened Avengers, The Jungle Book, The Lion King, Conjuring, and Fantastic Beast. In entertainment, it has occupied movies, serials, sports and news to the extent of 60-70 percent.