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» Film-Tech Forum   » Community   » Film-Yak   » 21st Century Fox shares soar after report of sale talks with Disney

   
Author Topic: 21st Century Fox shares soar after report of sale talks with Disney
Frank Cox
Phenomenal Film Handler

Posts: 1944
From: Melville Saskatchewan Canada
Registered: Apr 2011


 - posted 11-06-2017 02:18 PM      Profile for Frank Cox   Author's Homepage   Email Frank Cox   Send New Private Message       Edit/Delete Post 
21st Century Fox shares soar after report of sale talks with Disney
quote:
21st Century Fox shares jumped by as much as 8.5% on Monday afternoon after a report that the company had recently been in talks to sell most of its assets to Disney.

The deal that was under discussion, as reported by CNBC, would have seen Fox selling its movie studio, television production unit and entertainment networks to Disney. Fox would have kept its news and sports holdings and would restructure around those assets. It would also have kept its broadcast network and the local broadcast stations it owns.

Several reports said the talks were no longer active. CNBC said that while the "two sides are not currently talking at this very moment," the talks "could be revisited."

21st Century Fox (FOXA) declined to comment. A Disney (DIS) spokesperson did not immediately respond to a request for comment.

By selling its entertainment assets to Disney, Fox would free itself from having to compete with larger-scale media conglomerates like Disney and Comcast. Instead, it could refocus its business around a core group of news and sports assets like Fox News and Fox Sports 1.

Meanwhile, Disney would get control of major entertainment brands -- 20th Century Fox Studios, Fox Television, FX and National Geographic, as well as international brands like Star and Sky -- as it gears up to launch a Netflix-style streaming service next year.

Disney announced earlier this year that it would launch its own direct-to-consumer streaming services next year, putting the company head-to-head with Netflix. In that regard, Fox's entertainment assets could be a major boon to Disney, not just because of what control of those assets would give Disney, but because of what it could take away from Netflix.


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Buck Wilson
Jedi Master Film Handler

Posts: 855
From: St. Joseph MO, USA
Registered: Sep 2010


 - posted 11-06-2017 02:29 PM      Profile for Buck Wilson   Email Buck Wilson   Send New Private Message       Edit/Delete Post 
Good lord. Make it stop.

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Mike Blakesley
Film God

Posts: 12394
From: Forsyth, Montana
Registered: Jun 99


 - posted 11-06-2017 04:50 PM      Profile for Mike Blakesley   Author's Homepage   Email Mike Blakesley   Send New Private Message       Edit/Delete Post 
It's probably inevitable. Disney will own the entertainment business, Amazon will own the online sales and streaming businesses, and WalMart will own retail.

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Mark J. Marshall
Film God

Posts: 3184
From: New Castle, DE, USA
Registered: Aug 2002


 - posted 11-06-2017 11:10 PM      Profile for Mark J. Marshall     Send New Private Message       Edit/Delete Post 
Maybe now there will be a new hope for the original Star Wars.

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