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Report: Disney to purchase part of 21st Century FOX

Old 11-06-17, 01:04 PM
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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.
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Old 11-06-17, 01:09 PM
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re: Report: Disney to purchase part of 21st Century FOX

So.... X-Men can now be in the MCU!?!?!?
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Old 11-06-17, 01:13 PM
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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.
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Old 11-06-17, 01:19 PM
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re: Report: Disney to purchase part of 21st Century FOX

Originally Posted by TheMovieman View Post
If the government wants to block AT&T from buying Warner, not sure how far this can get.
Well, since they're only potentially buying the movie portion, it's a little different, right? If they were buying ALL of Fox then it would be a bigger issue.
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Old 11-06-17, 01:30 PM
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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.
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Old 11-06-17, 01:32 PM
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re: Report: Disney to purchase part of 21st Century FOX

Originally Posted by dex14 View Post
So.... X-Men can now be in the MCU!?!?!?
If the deal goes thru, yes. Disney would get the rights to X-Men and FF and all of the original Star Wars movies.
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Old 11-06-17, 01:34 PM
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re: Report: Disney to purchase part of 21st Century FOX

Can't wait for the PG-13 Deadpool movie!
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Old 11-06-17, 01:37 PM
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re: Report: Disney to purchase part of 21st Century FOX

Woa... so Disney could own The Simpsons too...
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Old 11-06-17, 01:39 PM
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re: Report: Disney to purchase part of 21st Century FOX

Great for the MCU, quite possibly terrible for the film industry.
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Old 11-06-17, 01:42 PM
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re: Report: Disney to purchase part of 21st Century FOX

Originally Posted by dthrdrx View Post
great for the mcu, quite possibly terrible for the film industry.
DIE HARD Disney!!!

Disney already has Avatar World...hmmm
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Old 11-06-17, 01:49 PM
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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.
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Old 11-06-17, 01:49 PM
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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.
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Old 11-06-17, 01:50 PM
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re: Report: Disney to purchase part of 21st Century FOX

Originally Posted by Obi-Wan Jabroni View Post
If the deal goes thru, yes. Disney would get the rights to X-Men and FF and all of the original Star Wars movies.
So maybe they could reintroduce the classic fanfare to the start of the new Star Wars movies? (OK, I know that would never happen, but I can dream, can't I?)

But seriously, having X-Men and Fantastic Four fully back in the MCU fold would be epic.
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Old 11-06-17, 01:50 PM
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re: Report: Disney to purchase part of 21st Century FOX

Originally Posted by dex14 View Post
Woa... so Disney could own The Simpsons too...
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.
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Old 11-06-17, 01:52 PM
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re: Report: Disney to purchase part of 21st Century FOX

Originally Posted by Red Hood View Post
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.
The theme park rights are different. That shit is so convoluted.
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Old 11-06-17, 02:51 PM
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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.
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Old 11-06-17, 02:56 PM
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re: Report: Disney to purchase part of 21st Century FOX

Originally Posted by dex14 View Post
The theme park rights are different. That shit is so convoluted.
So I've heard. One of the rumors I heard is that Universal can't add any new Marvel attractions and can only modify the ones they have in a limited manner (like they did with Hulk).
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Old 11-06-17, 02:56 PM
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re: Report: Disney to purchase part of 21st Century FOX

This is a little crazy. I'm not sure I like the idea. There so few major studios anymore.
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Old 11-06-17, 03:01 PM
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re: Report: Disney to purchase part of 21st Century FOX

Maybe Storm could be Black Panther's Bride in just the nick of time!
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Old 11-06-17, 03:03 PM
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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
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Old 11-06-17, 03:07 PM
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re: Report: Disney to purchase part of 21st Century FOX

^^^Thank god, Disney is too big at this point.
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Old 11-06-17, 03:10 PM
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re: Report: Disney to purchase part of 21st Century FOX

Thread title should read [Update: Deal is Dead]
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Old 11-06-17, 03:17 PM
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re: Report: Disney to purchase part of 21st Century FOX

I'm surprised Universal, Paramount and Warner havne't merged already.

I'd be up for a reboot of the X-Men movies.
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Old 11-06-17, 03:40 PM
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re: Report: Disney to purchase part of 21st Century FOX



(The forgotten studio in all of this)
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Old 11-06-17, 03:44 PM
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re: Report: Disney to purchase part of 21st Century FOX

Thankfully this is dead. I don't want the MCU anywhere near X-men.
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