Report: Disney to purchase part of 21st Century FOX
#1
DVD Talk God
Thread Starter
Report: Disney to purchase part of 21st Century FOX
https://www.cnbc.com/2017/11/06/21st...y-sources.html
21st Century Fox has been holding talks to sell most of the company to Disney: Sources
21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., according to people familiar with the situation.
Disney would not purchase all of Fox, according to people with knowledge of the talks.
Fox said to believe that a more tightly focused group of properties around news and sports could compete more effectively.
The two sides are not currently talking at this very moment, sources said.
21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports, according to people familiar with the situation.
The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. The two sides are not currently talking at this very moment, but given the on again, off again nature of the talks, they could be revisited.
For Fox, the willingness to engage in sale talks with Disney stems from a growing belief among its senior management that scale in media is of immediate importance and that there is not a path to gain that scale in entertainment through acquisition. The company is said to believe that a more tightly focused group of properties around news and sports could compete more effectively in the current marketplace.
The media landscape has changed considerably in recent years with giants such as Facebook, Google (Alphabet), Amazon and Netflix changing the way people consume media and dominating the digital distribution of digital video content. Being able to compete in that changing landscape, many people believe, requires scale that a Disney has, but 21st Century Fox does not.
For Disney, the opportunity to take control of another movie studio and significant TV production assets as it readies a direct-to-consumer entertainment streaming offering is attractive as is Fox's significant exposure to international markets, such as the U.K., Germany and Italy — both through its networks and 39 percent ownership of Sky. Disney recently announced it will pull all of its movies from the Netflix platform and will establish two direct-to-consumer offerings: one for sports and one including its key franchises such as "Star Wars" and Marvel.
Disney would not purchase all of Fox, according to people with knowledge of the talks.
The company could not own two broadcast networks and would therefore not buy the Fox broadcast network. It would not buy Fox's sports programming assets in the belief that combining them with ESPN could be seen as anti-competitive from an antitrust standpoint and it would not buy the Fox News or Business channel. Disney would also not purchase Fox's local broadcasting affiliates, according to people familiar with the negotiations.
In addition to the movie studio, TV production and international assets such as Star and Sky, Disney would also add entertainment networks such as FX and National Geographic.
The contemplated structure of the deal or the price that has been discussed could not be learned. Given it would involve the sale of many, but not all of Fox's properties, it's unclear how Fox would mitigate potential tax consequences of a deal.
Officials at Disney and Fox declined to comment.
21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., according to people familiar with the situation.
Disney would not purchase all of Fox, according to people with knowledge of the talks.
Fox said to believe that a more tightly focused group of properties around news and sports could compete more effectively.
The two sides are not currently talking at this very moment, sources said.
21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports, according to people familiar with the situation.
The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. The two sides are not currently talking at this very moment, but given the on again, off again nature of the talks, they could be revisited.
For Fox, the willingness to engage in sale talks with Disney stems from a growing belief among its senior management that scale in media is of immediate importance and that there is not a path to gain that scale in entertainment through acquisition. The company is said to believe that a more tightly focused group of properties around news and sports could compete more effectively in the current marketplace.
The media landscape has changed considerably in recent years with giants such as Facebook, Google (Alphabet), Amazon and Netflix changing the way people consume media and dominating the digital distribution of digital video content. Being able to compete in that changing landscape, many people believe, requires scale that a Disney has, but 21st Century Fox does not.
For Disney, the opportunity to take control of another movie studio and significant TV production assets as it readies a direct-to-consumer entertainment streaming offering is attractive as is Fox's significant exposure to international markets, such as the U.K., Germany and Italy — both through its networks and 39 percent ownership of Sky. Disney recently announced it will pull all of its movies from the Netflix platform and will establish two direct-to-consumer offerings: one for sports and one including its key franchises such as "Star Wars" and Marvel.
Disney would not purchase all of Fox, according to people with knowledge of the talks.
The company could not own two broadcast networks and would therefore not buy the Fox broadcast network. It would not buy Fox's sports programming assets in the belief that combining them with ESPN could be seen as anti-competitive from an antitrust standpoint and it would not buy the Fox News or Business channel. Disney would also not purchase Fox's local broadcasting affiliates, according to people familiar with the negotiations.
In addition to the movie studio, TV production and international assets such as Star and Sky, Disney would also add entertainment networks such as FX and National Geographic.
The contemplated structure of the deal or the price that has been discussed could not be learned. Given it would involve the sale of many, but not all of Fox's properties, it's unclear how Fox would mitigate potential tax consequences of a deal.
Officials at Disney and Fox declined to comment.
#2
re: Report: Disney to purchase part of 21st Century FOX
So.... X-Men can now be in the MCU!?!?!?
#3
DVD Talk Legend
re: Report: Disney to purchase part of 21st Century FOX
If the government wants to block AT&T from buying Warner, not sure how far this can get.
#4
re: Report: Disney to purchase part of 21st Century FOX
#5
DVD Talk God
Thread Starter
re: Report: Disney to purchase part of 21st Century FOX
Yeah the article says that Disney cannot own the FOX network or FOX Sports.
That would get 100% nixed by the FCC.
Maybe that's why Disney has been cutting back at ESPN with the layoffs etc. Trying to raise the capital for this movie studio deal. I doubt it happens.
That would get 100% nixed by the FCC.
Maybe that's why Disney has been cutting back at ESPN with the layoffs etc. Trying to raise the capital for this movie studio deal. I doubt it happens.
#6
DVD Talk Legend & 2021 TOTY Winner
#7
DVD Talk Legend
re: Report: Disney to purchase part of 21st Century FOX
Can't wait for the PG-13 Deadpool movie!
#8
re: Report: Disney to purchase part of 21st Century FOX
Woa... so Disney could own The Simpsons too...
#10
#11
DVD Talk Legend
re: Report: Disney to purchase part of 21st Century FOX
I fear the only major players left to compete will be WB and Universal. This will also give Disney even more clout over the theater companies.
#12
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re: Report: Disney to purchase part of 21st Century FOX
The pre-Disney Star Wars sequels and prequels revert to LucasFilm eventually but Fox owns the theatrical and video rights to the original 1977 film. I'm sure that's something Disney is after as well.
#13
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re: Report: Disney to purchase part of 21st Century FOX
But seriously, having X-Men and Fantastic Four fully back in the MCU fold would be epic.
#14
Banned
re: Report: Disney to purchase part of 21st Century FOX
I thought Matt Groening owns the Simpsons the same way George Lucas owned Star Wars, but I may be mistaken.
I often wonder if Disney executives go to Universal Studio theme parks, look around, and say "Let me buy Marvel. Who owns the Simpsons? Then lets buy Fox". Next thing you know, they'll buy the rights to Dr. Seuss estate and Harry Potter from JK Rowling.
I often wonder if Disney executives go to Universal Studio theme parks, look around, and say "Let me buy Marvel. Who owns the Simpsons? Then lets buy Fox". Next thing you know, they'll buy the rights to Dr. Seuss estate and Harry Potter from JK Rowling.
#15
re: Report: Disney to purchase part of 21st Century FOX
I thought Matt Groening owns the Simpsons the same way George Lucas owned Star Wars, but I may be mistaken.
I often wonder if Disney executives go to Universal Studio theme parks, look around, and say "Let me buy Marvel. Who owns the Simpsons? Then lets buy Fox". Next thing you know, they'll buy the rights to Dr. Seuss estate and Harry Potter from JK Rowling.
I often wonder if Disney executives go to Universal Studio theme parks, look around, and say "Let me buy Marvel. Who owns the Simpsons? Then lets buy Fox". Next thing you know, they'll buy the rights to Dr. Seuss estate and Harry Potter from JK Rowling.
#16
DVD Talk Legend
re: Report: Disney to purchase part of 21st Century FOX
To be fair, this deal is said to have stalled, however, the fact that the talks took place indicate Fox's movie business is up for sale if the right offer comes along.
#17
Banned
re: Report: Disney to purchase part of 21st Century FOX
#19
re: Report: Disney to purchase part of 21st Century FOX
Maybe Storm could be Black Panther's Bride in just the nick of time!
#20
Senior Member
re: Report: Disney to purchase part of 21st Century FOX
More info, seems the deal is dead:
https://www.bloomberg.com/news/articles/2017-11-06/disney-looked-at-buying-most-of-fox-talks-now-dead-cnbc-says
https://www.bloomberg.com/news/articles/2017-11-06/disney-looked-at-buying-most-of-fox-talks-now-dead-cnbc-says
#21
DVD Talk Legend
re: Report: Disney to purchase part of 21st Century FOX
^^^Thank god, Disney is too big at this point.
#22
DVD Talk Legend
re: Report: Disney to purchase part of 21st Century FOX
Thread title should read [Update: Deal is Dead]
#24
DVD Talk Legend
re: Report: Disney to purchase part of 21st Century FOX
(The forgotten studio in all of this)