Democrats Concerned About the Disney and 21st Century Fox Deal


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According to Recode.com, several Democratic leaders in the House and Senate of the U.S. Congress are calling for a hearing about Disney’s purchase of 21st Century Fox.

Some members are concerned that with this purchase Disney will disproportionately control the entertainment market. Senator Amy Klobuchar, a member of the leading antitrust oversight committee, has stated, “I’m concerned about the impact of this transaction on American consumers.”

House Representative David Cicilline stated, “Another day, another mega-merger. Disney’s proposed purchase of 21st Century Fox threatens to put control of TV, movie, and news content into the hands of a single media giant.”

Congress will likely have no impact on this massive deal, but members will often call for hearings on these large scale acquisitions to shine a light in an attempt to change public opinion.

This is still early in what Disney and Fox say will be a 12 to 18 month process; it will be under scrutiny by government regulators, which could have an effect, as evident by the justice Department’s recent suit involving AT&T’s attempted acquisition of Time Warner.

Credit: Recode





*The information contained in this article represents the opinion of the author, and not necessarily the opinion of the DIS.

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