Democrats Concerned About the Disney and 21st Century Fox Deal

Democrats Concerned About the Disney and 21st Century Fox Deal us

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



Stephen "Steve" Porter started going to the parks with his family in 1996. Since then he hasn't looked back! Steve was a cast member participating in the Disney College Program in 2013. Most recently he graduated from Penn State University!
























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