Ask the Department of Justice to block Disney´s acquisition of 20th century Fox assets.
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It has recently been confirmed that the 21st Century Fox Company has started a deal with the Walt Disney Company which would result in Fox selling many of its assets to Disney, apparently due to the fact that the former is not getting the level of profit they expect to get from these assets.
But everyone who thinks it is a done deal KNOW THIS: The deal has not been approved yet by the Department of Justice Antitrust Division, WHICH HAS THE POWER TO BLOCK THE DEAL AND STOP IT FROM HAPPENING.
So if you are against Disney owning all this Fox properties and moving closer into becoming a monopoly, be hopeful, and consider this petition.
The U.S. Department of Justice Antitrust Division is committed to promoting economic competition and enforcing antitrust laws and principles.
Disney´s proposed acquisition of the 21st Century Fox Company is what ´s known as an horizontal merger, meaning both companies deal with the same type of service at the same stage of the supply chain. Horizontal mergers get intense scrutiny from the Department of Justice, because they are likely to go against Antitrust laws. Disney and the 21st Century Fox company are both multinational mass media conglomerates. Since Disney already is the most powerful media corporation, at least in the United States, and the 21st Century Fox company is at least the fourth most powerful media corporation just behind NBC/Universal and Time Warner, then the proposed acquisition would seriously reduce competition and increase Disney´s power by a significant percentage.
That is why this deal will likely concern the Department of Justice Antitrust Division.
Since the deal is not yet approved by the Department of Justice, there is still hope it wont go through, so when considering protesting said deal it is important to consider two main things:
- The huge historical importance 20th Century Fox holds for the film industry. Being one of the major film studios in the United States since the Golden Age of Hollywood, it has always been unique for taking risks other companies dare not to take. This is evident today, when you compare the kind of projects that are green-lit by Fox and Fox Searchlight with the ones Disney makes. From great independent movies like "12 years a Slave", "The Tree of Life", "He named me Malala", "Mistress America", "The Birth of a Nation" or "The Grand Budapest Hotel" to blockbusters that refuse to follow an established formula and risk failing at the box office like "Deadpool", "War for the Planet of the Apes", the R rated "Logan" and now "The New Mutants", which even takes the risk of not using the name X Men on the title to attract audiences. 20th Century Fox is not afraid of being provocative or trusting the vision of the film makers they work with.
- To have Disney owning 20th Century Fox is to allow Disney to take another step into becoming the monopoly of the film industry. Theaters are already noting how Disney intends to subdue them like they did to the ArcLight theater and "The Hateful 8", and now making special demands for the screenings of "Star Wars Episode VIII The Last Jedi", for which they are demanding a percentage of the screening profits higher than the one usually agreed and accepted between movie theaters and distribution companies. Disney shouldn´t monopolize the film industry, not just because it is an economic abuse that destroys competition, but also because in doing so, it would be silencing many voices that differ from their way of producing movies, so those voices would never be heard by audiences. 20th Century Fox allows lots of bold visions to be realized and shared with audiences, and with Disney that would probably end.
I beg the people at 20th century Fox to stop this deal. The majority of the public likes what you are doing with your assets and will continue to support you, and because of this there is no need to forsake those assets, there is a financially promising future for those.
Lucasfilm was sold to Disney, and now the "Star Wars" movies are making billions of dollars at the box office, and the distribution company that earns the profit for that is Disney. Imagine what could have happened if Lucasfilm hadn´t been sold to Disney. The distribution company that would now be earning the profit would probably be 20th century Fox. Please, don´t make that same mistake, 20th century Fox has a very promising future with the success of movies like "Avatar", "Deadpool", "Logan" and "Murder on the Orient Express" , with some of those already getting award nominations, despite being based on comic books something the rest of the film studios haven´t achieved; "Deadpool" was nominated for Best Motion Picture Comedy or Musical at the 2016 Golden Globes, and "Logan" is the first superhero movie to be nominated in the Best Adapted Screenplay category, a major one, for the 2017 Academy Awards, giving 20th Century Fox the reputation of being the best film studio at the superhero "sub-genre" in terms of cinematographic quality. These 4 successful movies already have sequels on the works, with a very strong fan support behind them. Adding that to the expanding "X Men" series and "The New Mutants" trilogy, and considering "Avatar" still is the highest grossing movie worldwide, there is a potential for 20th Century Fox to make great profit for many years to come. I´m sure they wouldn´t like to see Disney being the one that makes profit of those assets while it could be 20th Century Fox.
In the name of film history and with the purpose of preserving a contrasting company that can allow filmmakers and audiences to choose between different ways of film making instead of a monopoly, I beg filmmakers to raise their voice and do anything they can to allow this alternative space to continue to exist. I say to 20th century Fox, we are on your side and won´t let you down, so don´t let us down. And to everyone who cares about not having the same type of movie that Disney makes to please sign the petition and share it.
Let´s convince Fox people don´t want 20th century Fox to be in Disney´s hands.
Thank you ! ! ! !
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