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

Ellen Pompeo strikes a rich new deal with ABC Studios

A big deal for Ellen Pompeo

Grey’s Anatomy’s Ellen Pompeo (Grey’s Anatomy) signed a new 2-year deal with ABC Studios, paving the way for a renewal of the medical drama for seasons 15 and 16. As part of the agreement, reportedly worth $20 million per year, Pompeo becomes a producer for Grey’s and a co-exec producer on its upcoming untitled spin-off.

Fire & Fury headed to TV

Fire & Fury headed to TV

Endeavor Content snatched the rights to Michael Wolff tell-all Fire and Fury: Inside the Trump White House, with the aim of turning it into a TV series. Wolff will exec produce and Two Cities Television head Michael Jackson will produce.

Breaking down OWL numbers

Breaking down OWL numbers (Robert Paul for Blizzard Entertainment)

With week two of Overwatch League underway, the newborn org reports that its first week drew more than ten million viewers. With Twitch on-board as partner, opening day drew an average audience per minute of 408,000, and 280,000 for the week as over 10 million viewers tuned in over the four-day period via Twitch, MLG, […]

Rogue gets Rekd

Rogue gets Rekd

Las Vegas-based team Rogue has a new owner, as ReKTGlobal announced that it was acquiring the esports organization. The esports infrastructure company now takes on a team that previously saw investment from DJ and EDM entrepreneur Steve Aoki, and will “provide the necessary resources and infrastructure for Rogue to take its expansion to a new […]

NASCAR/ISC refill Coke machine

NASCAR/ISC refill Coke machine (Facebook)

Coca-Cola is tapping International Speedway Corporation and NASCAR through an extension to each of its long-standing partnerships through 2023. Described as a “first-of-its kind integrated agreement,” the deal with ISC will continue Coca-Cola’s position s at 21 race tracks in 2018 while the brand continues its role as the ‘Official Soft Drink of NASCAR’. “This […]

CynCity

Cynsiders

Instagram