https://news.sky.com/story/fox-to-sell-film-and-tv-assets-to-disney-11170331
ESPN and Sky Sports now owned by Disney
ESPN and Sky Sports now owned by Disney
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Walt Disney says it is to buy 21st Century Fox's entertainment assets for a total $52.4bn (£39bn).
The deal includes Fox's 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio, Disney announced.
Fox's remaining assets, including Fox News and Sports, will form a new company.
The deal ends more than half a century of media expansion by Fox owner Rupert Murdoch, who is 86 years old.
He turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's largest news and film empires.
Mr Murdoch's shift to selling assets rather than buying them has come as a surprise to those who expected him to hand over the businesses to his sons, James and Lachlan.
Disney will buy the Fox assets for $52.4bn in stock, plus about $13.7bn net debt, leaving the value of the deal at about $66.1bn.
It is not clear how the deal will be received by US antitrust regulators.
The US Department of Justice recently sued to block AT&T's $85.4bn deal to buy Time Warner, on the basis that it will raise prices for consumers and competitors.
Fox's proposed deal to buy the remainder of Sky is being already investigated by the UK Competition and Markets Authority (CMA), which is due to publish provisional findings in January.
The BBC understands that the Disney deal will not alter that investigation.
Disney chief executive Bob Iger will remain in his role until the end of 2021.
Fox is selling assets including its FX and National Geographic cable channels and media company Star India.
Disney also will buy Fox's stake in the Hulu video streaming service, giving it majority control of a competitor to Netflix.
Hulu is also partially owned by Comcast and Time Warner.
The deal will also add to Disney's huge back catalogue, with high-grossing films such as the original Star Wars movie, Avatar and Deadpool, as well as TV hits including The Simpsons.
I'm totally intrigued. One mega-empire purchasing another.Will any good come of this?
Bah. Looked and didn't see it when I posted this.
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https://io9.gizmodo.com/its-official-the-x-men-and-fantastic-four-are-coming-b-1821139320Could this mean that Deadpool and Wolverine are going to appear in future Marvel films??
Xmen, ff and avengers will now get to mingle in future films.Will any good come of this?
Comic book universes will merge. I don't think it's good to have every IP hoarded by the same company though. And we've lost a major movie studio.Will any good come of this?
Would hope with it making so much at the box office they would leave well enough alone, but you never know with movie studios.So this means Deadpool will be watered down after their next release?
Yes, I believe it was Warren and a few others leading that fight, and they put it on paper in that better deal platform.Not sure what it's like right now but I read a few month ago that Democracts want to make anti-trust reform one of their flagship policies in the coming years.
Disney will now own Sky including Sky Sports *and* have a relationship with BT, which broadcasts ESPN under licence.Am still confused by this tangling of Sky, Fox and Disney.
Can someone draw it out for me, re: who owns what etc?
As in the whole of Sky is now owned by Disney?Disney will now own Sky including Sky Sports *and* have a relationship with BT, which broadcasts ESPN under licence.
https://www.hollywoodreporter.com/h...e=twitter&utm_source=t.co&utm_medium=referralSo this means Deadpool will be watered down after their next release?
I think marvel-disney probably wont be to do much with the DC-warner bros showFeckers better keep Gotham going.
No, the majority stake isn't owned by Fox/Disney.As in the whole of Sky is now owned by Disney?
Nope a load of pharmaceuticals dwarf even this dealBiggest take over ever?
But basically every Disney and fox property will now be taken off Netflix.Couple of observations:
1. Doesn't include Fox News unfortunately.
2. Disney obviously wants Fox's catalog to help it expand its existing library to start its online streaming service. A bit late if you ask me since Netflix are light years ahead of them. It would be a bit like Ford buying Chrysler's electric car division in preparation to rival Tesla. A bit late.
Mudorch still owns the news division.But basically every Disney and fox property will now be taken off Netflix.
I think their service will end up becoming extremely popular when it’s launched
Who now owns/runs Fox News and Fox Sports?
Just went on wiki. Pfizer's had it in for Astrazeneca, 3 attempts at wiping them out in 2014 for over 100 bn.Nope a load of pharmaceuticals dwarf even this deal
Disney have been actively putting their harder comic book content on Netflix, and then did a deal with netflix to put their films on their in the first place. Although Disney is now taking it off again.But basically every Disney and fox property will now be taken off Netflix.
I think their service will end up becoming extremely popular when it’s launched
Who now owns/runs Fox News and Fox Sports?
A huge chunk of that (upwards of 90%) is going towards underwhelming projects. Direct-to-video level stuff. They're in the indie film/TV markets buying up projects that no one else gives a shit about and overpaying for 'big' projects like the Scorscese/Deniro pic that, again, the studios don't really care about losing.Mudorch still owns the news division.
As for Disney, I doubt they will hurt Netflix much since the latter are so far ahead of them. Netflix is investing something like $15billion in original programming so the Disney stuff getting pulled won't be a game changer for them.