Did disney buy formula 1. Walt disney pictures animation studios is going to purchase formula one from liberty media at the end of this year. Brexit talks enter another week of high drama. Enter the world of formula 1.
Rather than having to wait months for the various legal issues to be sorted in such a big sale the walt disney company which reportedly made offers to buy the sport from bernie ecclestone and cvc in 2016 as a promotional stunt for the launch of cars 3 jumped on the opportunity paying just over 4 billion for ownership of the formula 1 group. The walt disney companys acquisition of 21st century fox will become official early wednesday morning as fox news is now part of the newly created fox corporation. Walt disney may be famed for their movies and theme parks but the company is also a major player in cablesubscription broadcasting.
Although nothing has come of disneys interest in f1 so far it has not shifted its focus on acquisitions which appeal to young boys and in october 2012 it paid 4 billion to buy lucasfilm the. Practically it makes sense. What does it mean for the sport and for the teams and drivers.
Evel knievels son sues disney over toy story 4 stunt alike. Disney recently confirmed that it had made a 1 billion. Ineos in link to mercedes formula 1 buy in jonathan noble.
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