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

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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

Authors
Fuheng Cao1, Haoran Lyu2, Xiaojun Qin3, *, Liyuan Sun4
1School of Environment, Education and Development, The University of Manchester, Manchester, England
2School of Economics, Tianjin Normal University, Tianjin, China
3Business School, Nankai University, Tianjin, China
4Business School, Yangzhou University, Yangzhou, China
*Corresponding author. Email: 2210880@mail.nankai.edu.cn
Corresponding Author
Xiaojun Qin
Available Online 3 July 2025.
DOI
10.2991/978-94-6463-748-9_34How to use a DOI?
Keywords
Corporate Mergers; Acquisitions; Synergies; M&A motivations
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.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
3 July 2025
ISBN
978-94-6463-748-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-748-9_34How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Fuheng Cao
AU  - Haoran Lyu
AU  - Xiaojun Qin
AU  - Liyuan Sun
PY  - 2025
DA  - 2025/07/03
TI  - Analysis of M&A Motivation and Synergy Effect of Media and Entertainment Enterprises--Taking Disney’s Acquisition of 21st Century Fox as an Example
BT  - Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)
PB  - Atlantis Press
SP  - 298
EP  - 306
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-748-9_34
DO  - 10.2991/978-94-6463-748-9_34
ID  - Cao2025
ER  -