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Analysis of M&A Motivation and Synergy Effect of Media and Entertainment Enterprises--Taking Disney’s Acquisition of 21st Century Fox as an Example

In: Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)

Author

Listed:
  • Fuheng Cao

    (The University of Manchester, School of Environment, Education and Development)

  • Haoran Lyu

    (Tianjin Normal University, School of Economics)

  • Xiaojun Qin

    (Nankai University, Business School)

  • Liyuan Sun

    (Yangzhou University, Business School)

Abstract

In recent years, the traditional entertainment industry has been transformed by streaming media, and mergers and acquisitions (M&As) have become an important means for media and entertainment companies to adapt to changes in the external environment, acquire management resources and increase competitiveness. Disney’s M&A of 21st Century Fox is a strategic move in this context. This paper takes Disney’s acquisition of 21st Century Fox as a case study to analyse the motivations and synergies of M&As in media and entertainment companies. It finds that Disney’s M&A was a response to the rapid growth of the streaming media market and aimed to expand its content library by integrating 21st Century Fox’s assets. Through this M&A, Disney is not only strengthening its leading position in the global entertainment market, but also preparing for competition and industry changes in the streaming media era. The conclusions drawn in this paper are of great theoretical and practical importance in understanding the behaviour of media and entertainment companies in M&A and its impact on the industry and provide valuable lessons for the industry.

Suggested Citation

  • Fuheng Cao & Haoran Lyu & Xiaojun Qin & Liyuan Sun, 2025. "Analysis of M&A Motivation and Synergy Effect of Media and Entertainment Enterprises--Taking Disney’s Acquisition of 21st Century Fox as an Example," Advances in Economics, Business and Management Research, in: Maizaitulaidawati Md Husin (ed.), Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025), pages 298-306, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-748-9_34
    DOI: 10.2991/978-94-6463-748-9_34
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