Los Angeles Times

Proposed purchase of Fox's film and TV assets shows Disney's power play

LOS ANGELES - Disney CEO Bob Iger's audacious bid to buy much of the media empire Rupert Murdoch built represents a big bet that the Burbank company can beat Silicon Valley in the war for the future of entertainment.

The Walt Disney Co. on Thursday agreed to pay $52.4 billion to buy film and TV assets owned by 21st Century Fox, the largest acquisition in the company's history. The deal would not only transform Hollywood into a land of fewer studio giants, but fire a clear warning shot to technology juggernauts such as Netflix, Amazon and Google.

The message: Legacy media - or at least Disney, the king of them all - isn't going down without a fight.

With the new deal, Iger is marshaling resources that will position the company to turbocharge its digital ambitions as audiences for traditional television

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