Report: Disney moves closer to acquiring 21st Century Fox assets

Reports that Disney might acquire key parts of 21st Century Fox have been out there for almost a month. CNBC now reports that those talks have progressed, and that a deal could be announced as early as next week. All told, Disney would reportedly pay more than $60 billion for the new assets. Properties included in the deal could include National Geographic, Star, movie studios, regional sports nets, and stakes in Sky and Hulu. Speaking of which, Disney and Fox each own 30% of Hulu; if Disney acquires Fox’s stake, it’ll own a controlling stake in the service. At the same time, Disney is planning to launch its own streaming services in the coming years, having recently declined to renew its licensing arrangement with Netflix. Assuming the Fox deal goes through, Disney will be able to pack additional movies and TV shows onto those platforms. Bottom line: In a few years, Disney will likely be giving Netflix a run for its money.

Related Stories

Cynopsis at Cannes Lions: Day One

Cynopsis at Cannes Lions: Day One (Facebook)

A CYNOPSIS MESSAGE FROM CADENT CADENT IS ONE FOR TV We unified all of TV-linear, advanced, and fully addressable inventory-in a single platform to simplify buying and selling TV ads. 65MM Addressable Households, 100+ Data Partners, 200+ MVPD and Broadcast Station Group Relationships We manage the complexities of the TV landscape. You reap the benefits. […]

Chris Hardwick shut down at AMC after allegations

Chris Hardwick shut down at AMC after allegations

AMC has pulled Chris Hardwick’s Talking With Chris Hardwick series just a day before its season 2 premiere, following accusations of abuse, sexual assault and industry blacklisting by a former girlfriend of Hardwick’s. Actress, model and producer of the web series Just Cos Chloe Dykstra had written a post Friday on Medium discussing the incidents; […]

Chris Hardwick shut down at AMC after allegations

AMC has pulled Chris Hardwick’s Talking With Chris Hardwick series just a day before its season 2 premiere, following accusations of abuse, sexual assault and industry blacklisting by a former girlfriend of Hardwick’s. Actress, model and producer of the web series Just Cos Chloe Dykstra had written a post Friday on Medium discussing the incidents; […]

Star Trek: Discovery reveals a new showrunner

Star Trek: Discovery reveals a new showrunner

Star Trek: Discovery showrunners have exited the show, the second showrunner shift in the series since Bryan Fuller left the CBS All Access series in 2016. Executive producer Alex Kurtzman is taking over as showrunner for season 2.

World Cup numbers roll in

World Cup numbers (Facebook)

While the lack of a US team has clearly left a mark on FIFA World Cup viewership, the battle between Argentina and Iceland on Saturday still handed FOX Sports with an average of 2,973,000 viewers on the FOX broadcast network according to Nielsen, ranking as the most-watched game of the tournament for FOX and FS1, […]

CynCity

Cynsiders

Instagram