Close
Trending Articles
New / Upcoming Alien Titles
Upcoming Alien Titles
Alien Movies
Alien Movies
Featured Content
Scified Network

Disney has acquired 21st Century Fox’s film and TV studios in a landmark deal

2 Upvotes1 RepliesUpvoteAdd A Reply
Forum Topic

Daszkowski

Dec-14-2017 5:29 AM

Disney has acquired 21st Century Fox's film and TV studios in a landmark deal worth over $52 billion. The arrangement covers the movie studio 20th Century Fox, the company’s TV production arm 20th Century Fox Television, Fox-owned cable networks (including FX and National Geographic), and the company’s stakes in international networks like Star TV and Sky (which Fox is planning to acquire full ownership of before the sale is completed).

Disney also will gain a majority control of Hulu in the deal, with Fox’s 30 percent stake giving Disney a controlling interest of 60 percent. Comcast and Time Warner will be reduced to minority stakeholders, with 30 percent and 10 percent stakes, respectively.

Disney also will gain a majority control of Hulu in the deal

As reported earlier, Fox is looking to shed what it views as deadweight in its entertainment divisions in order to focus on the far more profitable news and sports sides of its business. As such, the company is keeping control of the Fox broadcast network, Fox Sports, and the Fox News and Fox Business brands.

As part of the deal, Disney CEO Bob Iger is extending his time as CEO of the Walt Disney Company through 2021, although no word has been announced as to who his successor may be when he does step down in four years. Iger was originally planning to leave in 2019 before the deal went through.

The purchase was originally rumored back in early November, but talks were said to have fallen through. The Wall Street Journal reported that discussions were back on at the beginning of December. Comcast was at one point considered to be a contender for the rights as well.

Marvel Studios has control of the X-Men, Fantastic Four, and Deadpool again

Along with 21st Century Fox’s various production companies and distribution networks, Disney also is taking ownership of the company’s vast catalog of intellectual property. That means that comic book characters like the X-Men and Fantastic Four are now back under the stewardship of Marvel Studios — a status quo that Disney notes in its press release as allowing the company to “create richer, more complex worlds of inter-related characters and stories.” Or, in other words, it opens the door for characters like Wolverine or Deadpool to cross over into the Marvel Cinematic Universe.

The Fox acquisition also means that Disney finally controls the rights to the original Star Wars film (also known as Star Wars Episode IV: A New Hope), which Fox has previously owned full distribution rights to in perpetuity, along with the home video distribution rights for Episodes II through IV (which were originally supposed to revert to Disney in 2020).

It also means that Disney — which is looking to open its own streaming service in competition to Netflix — now has an even larger back catalog of shows and TV series that it could feasibly offer exclusively on its service. Other franchises that now belong to the House of Mouse include the Avatar series (which makes Disney’s Pandora theme park a whole lot more sensible), the Aliens movies, Ice Age, the rebooted Planet of the Apes, The Simpsons, Buffy the Vampire Slayer, How I Met Your Mother, Futurama, Firefly, and The X-Files, to name just a few, all of which would be a massive boon for Disney’s upcoming service.

1 Responses to Disney has acquired 21st Century Fox’s film and TV studios in a landmark deal

Ingeniero

Dec-14-2017 7:08 AM

Great coverage of the specifics of the deal Daszkowski.

I watched Bob Iger this morning on Bloomberg and my impression from what he said was that the content from 20th Century Fox studios will be expanded with accelerated delivery via Disney's own streaming service. Good news. There are others that have speculated on this but it was nice to hear it from Disney's CEO this morning.

"The fact that he was able to do it without spending a dime or taking on a boatload of debt the way other acquirers in and outside the industry have done speaks to Disney's prowess. Fox shareholders will be more than satisfied with a 25 percent stake in the combined company, while also receiving shares in the spinoff of Fox News, Fox's other sports networks and the broadcasting network and stations. The Murdoch moguls will be left with a less than 5 percent stake in Disney, according to reports, without board representation." (source)

Add A Reply

Sign in to add a reply to this topic!

Alien Day 2019
New Alien: Covenant Forum Topics
Latest Alien Fandom Activity

Alien: Covenant is a sequel to 2012's Prometheus as well as a prequel to 1979's ALIEN. Alien fans looking to know more about Alien: Covenant should check back often. Alien-Covenant.com is an information resource for film enthusiasts looking to learn more about the upcoming blockbuster Alien: Covenant. Providing the latest official and accurate information on Alien: Covenant, this website contains links to every set video, viral video, commercial, trailer, poster, movie still and screenshot available. This site is an extension of the Alien & Predator Fandom on Scified - a central hub for fans of Alien and Prometheus looking to stay up-to-date on the latest news. Images used are property of their respective owners. Alien: Covenant, Prometheus and its associated names, logos and images are property of 20th Century Fox and are in no way owned by Scified and its related entities. This is a fan-created website for the purpose of informing and exciting fans for Alien: Covenant's release. If you have any questions about this site, its content or the Scified Network in general, feel free to contact Scified directly.

Scified is an entertainment media network covering the latest news on the most popular, upcoming science fiction movies, games and television. All content is property of Scified.com unless otherwise stated. Images and names of content we promote, discuss, review or report are property of their respective owners. Scified is independantly owned and operated by a team of dedicated sci-fi movie fans, who strive to provide the best information and community experience for other like-minded sci-fi movie enthusiasts.

© 2019 Scified.com