Disney Held and Ceased Talks to Buy Parts of 21st Century Fox
The Walt Disney Company held talks with 21st Century Fox to purchase the non-news and sports departments of the organization. Those talks have now ended.
21st Century Fox is “an American multinational mass media corporation” that owns, among other properties, “Fox Entertainment Group—owners of the 20th Century Fox film studio and Fox television network[…,]pan-Asian pay channel operator Star TV […, and] United Kingdom-based Sky Plc.”
Obviously, to fans of Fox films and TV shows, its 20th Century Fox and the Fox Television Network, that are of interest to them.
Regarding Fox films, the assets that it holds include: Alien, Avatar, Deadpool, Fantastic Four, Kingsman, Planet of the Apes, Terminator, The New Mutants, X-Men, and many others.
Regarding Fox Television Network (Fox, FX, FXX, National Geographic, etc.), the assets that it holds include: Gotham, Empire, Legion, The Gifted, The Simpsons, The X-Files, This Is Us, and many others.
As you can see, by acquiring 20th Century Fox and Fox Television Network, The Walt Disney Company could gain a massive amount of lucrative assets and franchises. There is also synergy potential available: X-Men, Deadpool, Fantastic Four, and The New Mutants would all come under the fold of Marvel, allowing for new films and crossovers.
Fans of the Fantastic Four comic book series might finally get a good Fantastic Four film if this deal every comes to fruition. That is what fans of Spider-Man got when Marvel was finally given the reins of Spider-Man, though the Sam Raimi-films had great moments and good ones.
If the deal happened, the Fox properties would also be exclusively available on Disney’s new streaming service that Disney is working on to compete with services like Netflix and Amazon Prime.
21st Century Fox is considering this sales move so that the mass media corporation can more closely focus on its news (specifically delivering news digitally) and sports channel assets.
Because of that belief by 21st Century Fox and the desire to avoid anti-trust laws by Disney, Disney has no desire to acquire the Fox broadcast network, ESPN, Fox News, Fox Business, or Fox’s local broadcasting affiliates.
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