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]
This is kind of weird for me. I remember when FOX popped up as a TV station and I wondered at the time if they could make it work. And now it looks like FOX is only going to be a TV station. The Disney streaming service just got more interesting though. [Reply]
I want to know how Disney gets around owning 2 tv stations I thought the law says a company can't own more than one broadcasting station at once. [Reply]
Originally Posted by oaklandhater:
I want to know how Disney gets around owning 2 tv stations I thought the law says a company can't own more than one broadcasting station at once.
The OTA station is not part of it. Since it owns ABC [Reply]
Disney isn't purchasing Fox Broadcasting (The Simpsons, etc.) Fox News, Fox Sports FS1 or FS and a few other assets.
Fox will still broadcast the NFL, MLB and all of its original programming.
The deal was made to avoid any issues with the government.
This is wrong They do own all the fox Shows.
Disney will acquire most of 21st Century Fox in a blockbuster deal worth $52 billion, the two companies announced today. Disney will get Fox's TV and film studios, its cable TV networks (FX and National Geographic), and its stake in Hulu, which gives the Mouse House a controlling stake in the streaming
Originally Posted by oaklandhater:
This is wrong They do own all the fox Shows.
Disney will acquire most of 21st Century Fox in a blockbuster deal worth $52 billion, the two companies announced today. Disney will get Fox's TV and film studios, its cable TV networks (FX and National Geographic), and its stake in Hulu, which gives the Mouse House a controlling stake in the streaming
So I still don't understand.
It’s not wrong, you buttfuck.
Disney is not acquiring the Fox Broadcasting Network. [Reply]