California, June 13: One of the entertainment companies who is ruling almost all the urban TV Sets as it has crossed 125 million total subscribers worldwide. Now the company says that its market capture is $ 160 billion which is more than Walt Disney’s ($150 Billion).
A judge’s approval on Tuesday of the $85.4 billion AT&T-Time Warner deal is sure to touch off a series of mergers as once-powerful news and entertainment companies, built for an era when cable was king, position themselves to compete against the likes of Netflix, Amazon, and YouTube. How quickly are things changing? Netflix recently surpassed Disney to become the most valuable media company at $158 billion. That helps set the stakes for the pending clash between Comcast and The Walt Disney Company as each seeks to own the bulk of 21st Century Fox.
In December, Disney struck a $52.4 billion, an all-stock deal to buy much of 21st Century Fox’s assets. Now, Comcast plans to announce its own offer for 21st Century Fox’s assets as early as Wednesday, according to two people familiar with the matter who spoke on condition of anonymity to discuss company business.