Disney May Be in Talks to Buy 21st Century Fox

07 November, 2017, 01:11 | Author: Valerie Burke
  • Officer Bob Iger holds a news conference at Shanghai Disney Resort as part of the three-day Grand Opening events in Shanghai China

Currently, 21st Century Fox has X-Force and New Mutants films in the works based on the Marvel Comics properties of the same name, as well as an "R"-rated Deadpool sequel".

It's said talks have been going on for the past few weeks; however, it is reported the two sides are not now talking at this very moment.

The advantage to Fox would be a tighter focus that they feel could compete better in the current marketplace, but it's what Disney would gain that is most interesting.

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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. Disney could take over the FX Networks, National Geographic television cable groups, Fox's worldwide channels and, perhaps most significantly, 20th Century Fox movie and TV production operations. It would also have kept its broadcast network and the local broadcast stations it owns. It also wouldn't buy Fox's sports programming properties because combining them with ESPN could present antitrust issues. Walt Disney World, Disneyland, Disney Cruise Line, Universal Orlando Resort and more - they can do it all, and at no extra cost to you!

Any potential acquisition would have to clear regulatory hurdles - which is one reason why Disney is not interested in certain Fox assets. That deal is now undergoing review by United Kingdom regulators.

It is not known if Murdoch, who is now the Executive Co-Chairman at 21st Century Fox, wpould maintain a role inside the company or if he would take some time off to celebrate being newly Wednesday for the third time to supermodel wife Jerry Hall. 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. One of the parts FOX is looking to sell is the 20th Century FOX movie and TV production studio, which one presumes would include the rights to anything said studio controls, including the X-Men and Fantastic Four superhero teams. Disney shares rose 1.6% on the news.

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