Disney acquires 21st Century Fox

[ben6543]

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 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.
Bob Iger (L), CEO of Walt Disney Co. and Rupert Murdoch, Chairman and CEO of News Corp.
Getty Images

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.

[CyberpunkCentral]

[Jumpman]

Originally Posted by CyberpunkCentral

Basically.

[Rodney-2187]

I like the X-Men and MCU universes being seperate, but I would love to the the Fantastic Four in the MCU!

Would this mean Disney would own Alien, Die Hard, Family Guy, Futurama, The Simpsons, X-Files and Planet of the Apes too?

https://en.wikipedia.org/wiki/Catego...Fox_franchises

[Mr.F]

Aside from the MCU stuff this is bad news. Fox's animation divisions will likely be shut down, thousands of people will likely lose their jobs, and the movie business is inching towards monopoly.

Not good, Bob!

[jvince]

[Rodney-2187]

The Disney Parks could change Tomorrowland to Futurama.

[Rory]

I've always been under the impression that 21st Century Fox was NOT 20th Century Fox, the film studio. Is that wrong?

Anyway, I'm firmly against the "Rat" getting its hands on most of the pre-1975 Fox library or at least the Planet of the Apes franchise.

The Rat SUCKS!!!!!

[imsounoriginal]

Remember when people in the Star Wars threads joked about this because of the rights issues?

...lol

Sincerely hope this does not happen.

[ben6543]

If it means we finally get a good Fantastic Four movie I am game for that. I also wanna see Marvel's take on X-men maybe they can get there colored uniforms.

[Mandalorian]

Originally Posted by Rory

I've always been under the impression that 21st Century Fox was NOT 20th Century Fox, the film studio. Is that wrong?

20th Century Fox is a subsidiary of the larger 21st Century Fox mass media corp.

[jvince]

I wonder what will happen to Springfield at Universal Studios.

[Rodney-2187]

"You may fire when ready."

sse209385fi.jpg

[imsounoriginal]

Originally Posted by ben6543

If it means we finally get a good Fantastic Four movie I am game for that. I also wanna see Marvel's take on X-men maybe they can get there colored uniforms.

Fox can relinquish F4 without selling their entire company and all of its properties. I just don't see any upside to this whatsoever. Disney is getting dangerously close to monopoly territory here if they own THIS many properties.

[Cremildo]

Disney's PG-13 Alien.

No.

[ben6543]

If they do this before Marvel Annouces the lineup for Phase 4. They can inculde FF 4 in Phase 4 .

[jvince]

Originally Posted by ben6543

If it means we finally get a good Fantastic Four movie I am game for that. I also wanna see Marvel's take on X-men maybe they can get there colored uniforms.

And a Hugh Jackman cameo.

[Casval]

Originally Posted by Cremildo

Disney's PG-13 Alien.

No.

Disney's PG-13 Deadpool.

[Rodney-2187]

Originally Posted by ben6543

If they do this before Marvel Annouces the lineup for Phase 4. They can inculde FF 4 in Phase 4 .

If they get Fantastic Four back, I'm guessing they would be the center of Phase FOUR.

[NegaScott128]

Originally Posted by jvince

I wonder what will happen to Springfield at Universal Studios.

Considering Universal has had Marvel stuff for nearly 20 years, I doubt anything would change. Besides, Simpsons would be a bad fit for Disney World anyway.