Recent Acquisitions- A Look at What Disney Has Purchased in the Entertainment Industry
What has Disney bought recently? The entertainment giant has been on a shopping spree, acquiring various companies and assets to expand its empire. From theme parks to streaming services, Disney has been making headlines with its latest purchases. Let’s take a closer look at some of the recent acquisitions made by Disney.
Disney’s most significant acquisition in recent years was the purchase of 21st Century Fox in 2019. This deal, valued at $71.3 billion, brought Fox’s film and television assets, including popular franchises like the Marvel Cinematic Universe, Pixar Animation Studios, and National Geographic, under Disney’s umbrella. The acquisition aimed to strengthen Disney’s position in the entertainment industry and create a more robust streaming platform.
Another recent acquisition by Disney was the launch of its streaming service, Disney+. Introduced in November 2019, Disney+ quickly gained popularity due to its vast library of content, including original series, movies, and classic Disney movies. Disney+ has become a major competitor in the streaming market, alongside giants like Netflix and Amazon Prime Video.
In 2020, Disney acquired the streaming service Hulu for $1.58 billion. This move further solidified Disney’s presence in the streaming space and provided a platform for its original content, including hit shows like “The Mandalorian” and “The Handmaid’s Tale.” Additionally, Disney’s ownership of Hulu allowed the company to leverage its vast library of content and attract a broader audience.
Disney has also been investing in the theme park industry. In 2019, the company announced a partnership with Shanghai Shendi Group to develop a new theme park in Shanghai, China. This new park, known as “Shanghai Disney Resort,” is set to open in 2021 and will feature a mix of traditional Disney attractions and unique experiences tailored to Chinese visitors.
Furthermore, Disney has been expanding its presence in the gaming industry. In 2020, the company acquired Playdom, a mobile gaming company, and Glu Mobile, a publisher of mobile games. This move allowed Disney to tap into the lucrative mobile gaming market and create engaging games based on its popular franchises.
In conclusion, Disney has been busy acquiring various companies and assets to strengthen its position in the entertainment industry. From the acquisition of 21st Century Fox to the launch of Disney+ and Hulu, and the expansion into the gaming market, Disney continues to innovate and grow its empire. As the entertainment landscape evolves, Disney’s recent purchases indicate a strategic move to stay ahead in the competitive market.
