Colombian Government approves Fox’s purchase by Disney

Colombian Industry and Commerce Superintendence approved the operation for the acquisition of Fox by Disney. According to investigations carried out by the organization, Disney would have less than 20% participation in entertainment, and would acquire leadership only in movies for theatres production and acquire, in which it would record a 28% participation.

Operation includes audiovisual content in Colombia in eight markets, such as movies production and supply, TV contents, operations and wholesale supply of TV networks, advertising space, consuming products, books and magazines, musical rights licensing and video game developers.

‘It was proved that in this industry exist great film producers globally and nationally with a strong financial muscle and important participation fees, which are able to exert competitive pressure and, this way, counteract any type of risk which the entity would restrict the offer or would apply conditions that would affect market agents”, explained the organization in officially.