Walt Disney’s acquisition of 21st Century Fox cleared a major hurdle in Europe on Tuesday, and now it feels like this happening is a foregone conclusion.
The European Commision is saying Disney will need to divest itself of interests in History, H2, Crime & Investigation, Blaze, and Lifetime within the European Economic Area. This is to help diversify the marketplace, and will not apply to the company’s interests in the United States. This won’t phase them int he least and it has already said it will do so.
There are few more areas where Disney needs to clear regulations, but it has cleared the U.S. and Europe, so it feels like smooth sailing from here on out.
While it’s always sad to see a market shrink, I think this is going to be a fascinating consolidation. Disney is picking up so much content it’s mind-boggling. It will be well into 2019 before we truly grasp the scope of this deal.