The Walt Disney Company’s head and chairman, Rober Iger, disclosed the international expansion plan of the entertainment firm.
Disney is in the final leg of accomplishing the $71-billion purchase of 21st Century Fox’s entertainment assets.
This acquisition involves the entire Star India which is a Fox subsidiary, and 30 percent share in Tata Sky, an Indian direct broadcast satellite TV firm.
Iger remarked that the international assets in the Fox portfolio, which includes Star India and Fox Networks Group, will positively contribute to Disney’s global expansion objectives.
The 350 channels of the Fox Networks Group International serve customers in 170 territories. Star India’s channels rake in 720 million viewers per month all over India and over 100 other markets.
The Disney CEO also acknowledged the immense success and key presence of the European pay-TV provider, Sky, in the Fox portfolio. Iger said assets like this are of great worth.
Their affiliation to Disney will contribute to elevating the company’s position in the international entertainment scene. Disney will also acquire 60 percent of the stakes in streaming service, Hulu, as a component of the Fox deal.
For Disney’s direct-to-consumer (DTC) agenda, it is in the firm belief of Iger that the Fox acquisition will enhance the entertainment giant’s competitiveness as it faces major streaming providers like Amazon and Netflix.
He also highlighted the priority of the company of launching its streaming service next year. Iger discussed the exciting opportunities which Disney has for Fox creative assets and brands like National Geographic, Pixar, Searchlight, FX, Lucasfilm, and Marvel.
Praising 21st Century Fox and its divisions for propelling Disney to be more attractive to consumers, he said that the entertainment company would boost these assets with further investment, more resources, and more support for their expansion worldwide.
Valuing the cinema experience as a significant part of Disney, Iger said that it is a part of the company’s plan to help Fox Searchlight and 20th Century Fox Films to grow with film and original TV projects.
Revealing the company’s strong and colorful movie lineup for the coming year, he said that Disney would continue to be “incredibly supportive and enthusiastic about the movie theater experience.”