Has Disney been in talks to buy Fox?

07 November, 2017, 01:40 | Author: Kristine Mills
  • 21st Century Fox Disney

Update: Welp, that didn't last very long, did it?

Big things might be about to happen at the top of Hollywood power ladder. So much for my proper FANTASTIC FOUR movie, for now.

CNBC sources say negotiations began a few weeks ago about the Walt Disney Co. potentially buying Fox's movie and TV properties, leaving the Murdochs to focus mostly on Fox News and Fox Sports.

Neither Disney nor Fox has commented on the apparent scoop, and it's crucial to note that there's no guarantee anything will happen. Disney would also not be buying any of FOX's cable news or sports channels, the latter due to worries that combining them with Disney-owned ESPN could be seen as a violation of antitrust rules.

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.

More news: No. 24 Michigan State upsets No. 7 Penn State

The deal would give Disney distribution assets including BAMTech, HotSTar, 60% of Hulu and 39% of NOW TV. Chatter had swirled late a year ago about the impact of a possible Disney acquisition of Netflix, even though neither company had indicated that such a combination was in the works.

Disney, which under USA rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported. Remember RJ Fletcher's nefarious plan in Weird Al's UHF?

Disney wouldn't even be allowed to own two networks, as they already own ABC. In addition worldwide assets, such as Star and BSkyB, he reported that Disney is seeking to add entertainment networks such as FX and Nat Geo.

While no price has been quoted, nor has a deal been written thus far, it's now being reported that Fox's stock is up by more than 7% since reports of the talks were revealed via CNBC and The Wall Street Journal. James Cameron is now at the helm of filming four back-to-back Avatar sequels to the most successful movie of all-time, and already worked closely with Disney on the new attraction Pandora - The World of Avatar at Orlando's Disney World.

Okay, y'all know what this means, right?

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