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lakeelmoleader.com November 21, 2017


21st Century Fox in Talks to Sell Most of Company to Disney

07 November 2017, 01:12 | Frank Carlson

Disney May Be in Talks to Buy 21st Century Fox

Disney Looked at Buying Most of Fox, Talks Now Dead, CNBC Says

According to CNBC sources, the Walt Disney Company has been holding talks to purchase some of 21st Century Fox - the film studio that still retains rights to those Marvel characters.

The two sides are not now talking, but had held talks in the last few weeks, CNBC reported, citing unidentified people familiar with the matter. The deals with Fox were signed long before Disney bought Marvel Entertainment in 2009.

For Fox, reports of a Disney acquisition discussion come amid the company's pursuit of a majority stake in European pay TV operator Sky. The deal would not have included the Fox broadcast network, network-owned affiliate stations, Fox News, or Fox's cable sports channels, which would remain the property of Twenty-First Century Fox.

Disney wouldn't even be allowed to own two networks, as they already own ABC.

Congress has become a laughing club: PM Modi in Himachal Pradesh
His countering speech for the upcoming election has defined the Congress leaders indirectly as evil. He also defended his government's demonetisation decision, saying it aimed at ending corruption.

That's right, comic book movie fans - Disney might be on the verge of bringing the X-Men and Fantastic Four back to Marvel.

In addition to the movie studio, TV production and global assets such as Star and B Sky B, Disney would take entertainment network FX and National Geographic, the report added.

If Disney buys Fox, let be known that the Simpsons called it-almost 20 years ago. And the general logic of "you need scale to succeed in entertainment" makes sense, as that's also been cited as a factor in the pendingAT&T-Time Warner deal.

Meanwhile, Disney would get control of major entertainment brands - 20th Century Fox Studios, Fox Television, FX and National Geographic, as well as global brands like Star and Sky - as it gears up to launch a Netflix-style streaming service next year. That deal is now undergoing review by United Kingdom regulators. In 2016, Buena Vista (Disney) was #1 with over 26% of the movie market share of domestic box office alone, while Fox took slightly under 13% to place third. So it would definitely be interesting to see how a more-focused-on sports Fox would do, and how investors would react. Disney climbed 1.9% to 100.55.



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