It’s now official – Walt Disney Company has purchased key parts of 21st Century Fox including the 20th Century Fox movie studio and the 20th Century Fox Television production company, along with media assets like Fox Searchlight, Fox 2000, FX Networks, FX Productions, National Geographic Partners, Fox21, Fox Regional Sports Networks, and Fox’s stake in Hulu, Star India, Endemol Shine Group and Sky.
Not included in the deal due to anti-trust restrictions are Fox News, the FOX broadcast network, or Fox Sports, which all remain a part of the Fox empire – as will the Fox studio lot in Century City. Those will be separated and maintained either under a newly listed company that will be spun off to its shareholders, or merge with News Corp. itself.
Disney now has its hands on Fox’s key franchises including “X-Men,” “Alien,” “Predator,” “Avatar,” “Die Hard,” “Planet of the Apes,” “Kingsman” and “Fantastic Four” (which is listed in the press release). Disney now also controls the full rights to all “Star Wars” films with the previously Fox-owned 1977 original likely to go back to Disney’s Lucasfilm – meaning theatrical re-releases and a potential home video version of the original theatrical cut.
Disney’s upcoming streaming service will also benefit with the addition of a ton of Fox content. The entire deal was done for approximately $52.4 billion in stock along with Disney also assuming approximately $13.7 billion of net debt for a total transaction value of approximately $66.1 billion.
At the request of both 21st Century Fox and the Disney Board of Directors, Mr. Iger has agreed to continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021.
The Boards of Directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions. It’s expected it will take 12-18 months to gain the necessary approvals to fuse the companies. [Reply]
Originally Posted by oaklandhater:
but wouldn't fox have to pay Disney to run their shows on the Network now ?
Yes, they would pay Disney for the rights to broadcast those shows. After the takeover, the existing contracts would be paid to Disney, and they would have negotiate new ones when the old ones expire. [Reply]
Originally Posted by mnchiefsguy:
Yes, they would pay Disney for the rights to broadcast those shows. After the takeover, the existing contracts would be paid to Disney, and they would have negotiate new ones when the old ones expire.
So it makes me wonder what is the fate of all the fox shows ?
Originally Posted by oaklandhater:
Well come on mr know it all.
Disney owns Family Guy and The Simpsons.
So by that logic doesn't fox broadcasting have to renegotiate on all the shows ?
I am only basing it off the bit I read in the OP but I'm assuming FBC would retain all contracts on current shows. In the future I guess it would potentially be more of a competition for FBC to get 20th Century Fox content but I have no idea how that stuff works in the first place with competition between selling shows to certain networks ect. [Reply]
Originally Posted by NJChiefsFan:
I am only basing it off the bit I read in the OP but I'm assuming FBC would retain all contracts on current shows. In the future I guess it would potentially be more of a competition for FBC to get 20th Century Fox content but I have no idea how that stuff works in the first place with competition between selling shows to certain networks ect.
When Disney executives no longer have to pay taxes, can violate net neutrality by throttling the Simpsons, and can force The Orville to include minor Star Wars characters into their storyline, you know the world has gone to hell. [Reply]
Originally Posted by patteeu:
When Disney executives no longer have to pay taxes, can violate net neutrality by throttling the Simpsons, and can force The Orville to include minor Star Wars characters into their storyline, you know the world has gone to hell. Thanks, Trump! /hysterical liberals
Oh yeah, I guess this isn't DC is it. Well, surely people can take that post as the joke it was meant to be anyway. I took the last part out to reduce the political-ness. [Reply]
Originally Posted by oaklandhater:
Well come on mr know it all.
Disney owns Family Guy and The Simpsons.
So by that logic doesn't fox broadcasting have to renegotiate on all the shows ?
Good fucking God.
What is your deal? You run around in every forum, posting like a moron that just shart himself, screaming and waving your hands around asking for attention while having zero information about the topic at hand.
There's a difference between a Broadcasting Network and a Production Company. The Fox Broadcasting Company BROADCASTS programming. The programming does NOT need to be owned by the broadcaster.
For example, Modern Family is produced by 21 Century Fox but the program airs on ABC. ER and Friends were produced by Warner Brothers but aired on NBC.
Producing and owning a program has no bearing on where it's actually broadcast.
Now, in the case of The Simpsons, 21st Century Fox owns the program. Whether or not Disney keeps the deal in place for it to air on Fox has probably not been decided but seeing as this deal isn't going to fully close until 12-18 months, the program will continue to air on Fox for the foreseeable future.
Further to that, Original Airings of The Simpsons on Fox are a drop in the bucket compared to the 20+ years of syndication rights. [Reply]