FOX Is in Talks to Sell Most Assets to Disney

07 November, 2017, 01:12 | Author: Lester Mason
  • 21st Century Fox in Talks to Sell Most of Company to Disney Sources

Anything can happen day is falling on a Monday this week as published reports say the Walt Disney Co. has been holding talks to buy most of 21st Century Fox.

The CNBC report said the two sides were not talking now, but had held talks in the last few weeks, reflecting a view among Fox managers that the firm could not gain the size needed to compete with Amazon, Netflix and other major media players.

According to CNBC, the buzz around the talks is that a deal will come to fruition due to Fox being rather bullish about its desire to let go of its purely entertainment branch.

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.

Campaign adviser says Trump listened to Papadopoulos and 'heard him out'
The Minnesota Democrat said the latest disclosure suggests that the American people "cannot trust your word". A source at the Department of Justice confirmed to HuffPost that Sessions spoke out against the idea.

No Punishment For Holders of Demonetised Notes, Centre Tells Supreme Court
The matter was referred to the constitution bench by the bench of Justice Sikri and Justice R.K.Agrawal on February 15. He said the challenge is to Article 239 AA by virtue of which special status is accorded to Delhi.

Trump recalls little of Russian Federation meeting
A source close to Sessions defended the attorney general, promising he "has been entirely truthful and consistent on this matter". He also testified that he was "not aware" of anyone affiliated with the Trump campaign communicating with the Russians.

They added the family-led empire created by mogul Rupert Murdoch had been in discussions to sell Fox's movie and television studios and leave a media company tightly focused on news and sports. Disney, which under USA rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported, citing the same sources. Instead, it could refocus its business around a core group of news and sports assets like Fox News and Fox Sports 1.

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

CNBC's sources said any potential deal between Fox and Disney wouldn't have Disney buying all of Fox. That deal is now undergoing review by United Kingdom regulators.

Popular 20th Century Fox releases this past year include "Alien: Covenant", "The Boss Baby", and the final Wolverine film "Logan"; the studio's upcoming projects include "Deadpool 2", "X-Men: Dark Phoenix", Queen biopic "Bohemian Rhapsody" and four "Avatar" sequels. This could mean great news if you are a fan of the Marvel comic book superheroes. 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.

Recommended:



Popular

Buccaneers shut down QB Winston for 'couple weeks'
Bucs head coach Dirk Koetter discussed the decision in his weekly, exclusive "Koetter's Korner" interview. Winston completed 7-of-13 passes for 63 yards, no touchdowns and no interceptions.

New vehicle sales drop 12% in October
United Kingdom new auto market sees a sharp drop with demand falling 12% in October as confidence continues to ebb among buyers.

These are the instructions Apple should have included with the iPhone X
A second drop test is done on the front side of the phone extracted much more heavy damage to the handset. That's why many will require some additional time to figure out just how everything works on the new one.

Korea ready to 'warmly welcome' Trump, lay groundwork for stronger alliance
While they would offer protection against North Korea's conventional weapons, they are not created to withstand a nuclear or chemical attack.

AJ Green ejected from Bengals' game for fighting Jaguars' Jalen Ramsey
The Jaguars will try to win consecutive games for the first time this season when they host the Cincinnati Bengals on Sunday. Fournette is sixth in the National Football League in rushing with 596 yards and has scored seven touchdowns in six games.

Change your clocks, change your batteries
Whether to continue daylight saving time has been a recent debate at the state capitol in Sacramento. Technically , Daylight Saving Time ends at 2 a.m. on Sunday, Nov. 5 - not on Saturday, Nov. 4.

Rajkot T20I: New Zealand win toss and elect to bat against India
Bowling: Milne 4-0-30-0 (1w), Boult 4-0-34-4, Grandhomme 1-0-10-0, Santner 4-0-31-1, Sodhi 4-0-25-1, Munro 3-0-23-1. With the hosts reduced to 2-11 inside two overs, it would only take a Herculean effort to chase down 197.

Joel Matip Doubles The Lead VS West Ham
Asked after Saturday's defeat if he still had West Ham's backing, Bilic told BT Sport: "It's hard for me to talk about that now". However, hope for West Ham lasted just 55 seconds.

Sprint, T-Mobile Talks Collapse As SoftBank's Masayoshi Son Goes Alone
The chief execs of Sprint and T-Mobile both said they still see the benefits of combining but indicated the talks broke down over financial terms.

StarCraft 2 is Going Free-to-play on November 14th
Stay tuned to App Trigger for more news and announcements coming from BlizzCon 2017 about StarCraft 2 and Blizzard's other titles. The story line chronicles the exploits of marshal-turned-rebel-leader Jim Raynor and features both familiar faces and new heroes.