Fox to sell film and TV assets to Disney

unchanged_lineup

Tarheel Tech Wizard
Joined
Aug 9, 2014
Messages
16,757
Location
Leaving A Breakfast On All Of Your Doorsteps
Supports
Janet jazz jazz jam
http://www.bbc.com/news/business-42353545

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.
 

Hawks2008

Full Member
Joined
Mar 11, 2015
Messages
4,912
Location
Melbz
Could this mean that Deadpool and Wolverine are going to appear in future Marvel films??
 

cyberman

Full Member
Joined
May 26, 2010
Messages
37,331
So this means Deadpool will be watered down after their next release?
 

Nick7

Full Member
Joined
Jan 24, 2011
Messages
19,231
Location
Ireland
Hopefully Disney keeps Fox as a separate movie studio. Take the comic stuff but damn fox had some amazing movie IP's that I hope have a chance to live on.
 

Javi

Full Member
Joined
Mar 10, 2012
Messages
2,273
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.
 

berbatrick

Renaissance Man
Scout
Joined
Oct 22, 2010
Messages
21,539
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.
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 if it's a vote-winner, but it's something they need to do if they get power.
 

Member 5225

Guest
Am still confused by this tangling of Sky, Fox and Disney.

Can someone draw it out for me, re: who owns what etc?
 

stubie

Full Member
Joined
May 13, 2009
Messages
9,683
Location
UK
Am still confused by this tangling of Sky, Fox and Disney.

Can someone draw it out for me, re: who owns what etc?
Disney will now own Sky including Sky Sports *and* have a relationship with BT, which broadcasts ESPN under licence.
 

Raoul

Admin
Staff
Joined
Aug 14, 1999
Messages
129,965
Location
Hollywood CA
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.
 

Randall Flagg

Worst of the best
Joined
May 23, 2009
Messages
45,064
Location
Gorey
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.
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?
 

Raoul

Admin
Staff
Joined
Aug 14, 1999
Messages
129,965
Location
Hollywood CA
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?
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.
 

rcoobc

Not as crap as eferyone thinks
Joined
Jul 28, 2010
Messages
41,659
Location
C-137
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?
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.

I guess Disney only has one chance to build something that rivals Netflix.
 

hungrywing

Full Member
Joined
Jul 6, 2009
Messages
10,225
Location
Your Left Ventricle
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.
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.

For the most part think about that 'huge spending' as them buying the mindless rom-coms and Steven Seagal action movies that studios used to put out as filler. Except they're buying ALL of them.