21st Century Fox considering selling most of company to Disney

Randall Padilla
November 7, 2017

The report says that talks have been on and off over the past few weeks, and while there is now nothing in concrete, there is a chance of it being revisited. Presumably, it would take an insane amount of money to make it happen, but if Fox have already been willing to entertain sales talks, you have to feel that something is possible.

Fox shares surged as much as 6.3 percent, and Disney rose as much as 2.4 percent.

The deal would give Disney control of another movie studio and significant TV production assets, and would give it more exposure to global markets. The Rupert Murdoch-owned Fox broadcast and Fox Sports will remain as they are.

A potential media mega-deal involving Walt Disney buying some of the key 21st Century Fox assets is the talk of Wall Street right now. At this time it is unsure if they are looking at selling off cable networks like FX but it is reported that FOX would keep its Fox Broadcasting Co and ownership of their FOX local affiliates.

According to the sources, Disney would not buy all of Fox and the goal would be to form a much stronger traditional Hollywood studio in an era of fierce competition from internet companies like Netflix and Hulu. That deal is now undergoing review by United Kingdom regulators.

Bringing in FOX Studios under its fold would be pretty huge for Disney as it recently purchased Pixar, Star Wars and Marvel. We could even see some pricing deals combining their sports and entertainment streaming services, an over-the-top version of the old cable bundle without anyone in the middle between the content provider and the consumer, and that could mean a lot in terms of helping the ESPN streaming service gain traction.

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. Disney will be able to get the rest including movie and TV properties. 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.

Other reports by AllAboutTopnews

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