Tuesday, 17 September, 2019


Disney Reportedly Nears Deal To Acquire Assets From 21st Century Fox

Century Fox Studios flag flies over the company building in Los Angeles Disney Reportedly Nears Deal To Acquire Assets From 21st Century Fox
Conrad Doyle | 15 December, 2017, 03:56

Reuters reported Monday that Comcast has dropped out of the running to acquire select assets of 21st Century Fox, leaving Disney in the "pole position" to seal a deal. And last week, the two studios stepped closer to making it happen.

The deal, which will reportedly be announced before the NY stock exchange opens on Thursday, or around midday United Kingdom time, marks a turning point in an empire building career that started in the 1950s and is expected to lead to a split in the Murdoch family dynasty. Fox shares ended trading on Wednesday at $32.75, giving it a market capitalization of around $60 billion. More on the story below.

Under the deal, Disney would take on Fox's film and television studio, its cable TV networks like FX and NatGeo, and its 30 percent stake in Hulu.

Rupert Murdoch has made the strategic move to secure his family's legacy, after missing out on sealing an $80bn deal to takeover Time Warner to build the scale needed as film attendance falls and new rivals emerge including Apple, Amazon, Google and Netflix.

It would also herald the return of some of Marvel's IPs, such as X-Men, Fantastic Four, and Deadpool, which could potentially see them folded into the Marvel Cinematic Universe in the future. It would also allow them to have full rights to the original Star Wars trilogy, which was distributed by Fox. Internationally, Disney would pick up Fox's 39% stake in Sky, the Star network in India and the Fox International Channels business, which airs shows such as The Walking Dead. If Disney were to continue making family friendly films or films that can reach a wide audience after they acquired Fox, it would mean the end for the R-rated material that we have become accustomed to seeing from Fox. Australian-born Murdoch inherited his father's newspaper business in 1952 and transformed it over many years, acquiring premiere properties such as the Wall Street Journal, the London Times and the 20th Century Fox movie studio. What will this mean for those who are now working on those same films and TV shows?

Neither studio would comment on the status of the deal.

Recommended

loading...
...
  • Roger Goodell's new contract will be his last, National Football League  spokesman says

    Roger Goodell's new contract will be his last, National Football League spokesman says

    The vote to authorize the committee to negotiate with Goodell was unanimous, meaning Jones voted in favor of the approval. A new incentive-laden deal has been reached with Goodell, and it appears that Jones has made his peace with it.
    Weather: fresh yellow alert warning for snow and ice over Donegal

    Weather: fresh yellow alert warning for snow and ice over Donegal

    Temperatures will only get up to about four or five degrees tomorrow and will drop down to freezing and below at night. A wind warning has also been put in place for Donegal , as well as Galway , Mayo , Clare , Cork , Kerry and Limerick .

    New trailer for Alex Garland's Annihilation is here

    Paramount Pictures made the deal with Netflix on the condition that the streaming service pick up much of the cost of the film. It's absolutely gorgeous, make no mistake, but there's a lot more propulsive horror and scary monsters running around.
  • Blessing to replace Zeltner as UBS wealth management head

    Blessing to replace Zeltner as UBS wealth management head

    He joined Swiss Bank Corporation as an apprentice in 1984, UBS said in the statement. Zeltner had been a leading candidate to become the next Chief Executive Officer.
    Marijuana charge against UGA football player Natrez Patrick dismissed

    Marijuana charge against UGA football player Natrez Patrick dismissed

    Patrick was one of two UGA players arrested on misdemeanor marijuana charges on December 3, hours after the SEC Championship Game. Stanley's attorney Kevin Christopher said there wasn't enough evidence to prove that his client was driving under the influence.
  • Pep Guardiola rules out c-word after setting PL record

    Pep Guardiola rules out c-word after setting PL record

    Arsenal's problems on the road continued as they were held to a goalless draw by West Ham who had the chances to beat them. They opened the following season with a 2-0 win over Newcastle before drawing 1-1 against Ipswich.

    NextEra Energy Partners, LP (NEP) Position Lifted by BNP Paribas Arbitrage SA

    As per Friday, May 5, the company rating was downgraded by Bank of America. (NYSE:HD) on Friday, November 10 with "Buy" rating. ROMNEY RONNA also sold $15,958 worth of Molina Healthcare, Inc. (NYSE:HD) for 720,417 shares. (NYSE:HD) or 16,917 shares.
  • Microsoft Corporation (MSFT) Stake Boosted by Cetera Investment Advisers

    It has outperformed by 17.82% the S&P500. (PB) by 28.1% based on its latest 2017Q2 regulatory filing with the SEC. Caisse De Depot Et Placement Du Quebec reported 1.6% of its portfolio in Microsoft Corporation (NASDAQ: MSFT ).
    George Clooney gifted 14 of his closest friends $1 million each

    George Clooney gifted 14 of his closest friends $1 million each

    George Clooney allegedly gave each of his best friends $1 million to thank them for helping him throughout his career. Everyone's going to come to my house for dinner", " said Gerber, who is married to model Cindy Crawford .
    Dennis Rodman Surprised Colbert A Cannabis Present Yesterday On 'The Late Show'

    Dennis Rodman Surprised Colbert A Cannabis Present Yesterday On 'The Late Show'

    The photograph in question was hanging on a wall of an undisclosed venue where Pyongyang's arms and munitions industry conference was being held.

'It should be my last season at Monaco' - Fabinho 'It should be my last season at Monaco' - Fabinho United chose to sign Matic, while PSG stood pad and instead acquired attacking-minded players such as Neymar and Kylian Mbappe. The Brazilian stressed that he wouldn't be leaving Monaco in the January transfer window though.

Nearly 50% ballotting as voting picks up in Gujarat second phase Nearly 50% ballotting as voting picks up in Gujarat second phase Ten per cent voting was recorded in two hours, an official said, adding the process will pick up as the day progresses. The police lobbed tear gas shells to disperse the crowd and also resorted to lathi charge.

Plane Crash in Saskatchewan: "They were stuck between the seats" Plane Crash in Saskatchewan: According to the police, the plane was found less than one kilometre away from the airstrip. On Wednesday night, Stony Rapids police and local emergency services were on site.

FA extends deadline for Manchester clubs to respond over alleged derby fracas FA extends deadline for Manchester clubs to respond over alleged derby fracas Manchester United manager Jose Mourinho has been asked by the Football Association to provide his observations on comments he made ahead of last weekend's derby against Manchester City .

Give medical marijuana to cancer sufferers and epileptics, says World Health Organisation Give medical marijuana to cancer sufferers and epileptics, says World Health Organisation CBD research is promising and may change treatment options for patients suffering from a variety of diseases in the near future. A lot of outlets today are reporting that the World Health Organization (WHO) says medical marijuana has no health risks.

Atari delays launch of Ataribox console Atari delays launch of Ataribox console In terms of tech, it'll have an SD card slot, HDMI output and four USB ports for joysticks and controllers. The hope was that we'd find out more today, but it looks like that won't be the case.

FCC Announces Plan to Police Internet After Repealing Net Neutrality Rules FCC Announces Plan to Police Internet After Repealing Net Neutrality Rules When asked about the fear that people will have to potentially pay more for internet service, Pai said that's simply not true. Kickstarter went as far to show a giant pop-up screen with the words "Defend Net Neutrality" across the entire homepage.

Talking About Current Stock Valuation: The Coca-Cola Company (KO), Netflix, Inc. (NFLX) Talking About Current Stock Valuation: The Coca-Cola Company (KO), Netflix, Inc. (NFLX) Several large investors have recently bought and sold shares of the company. 123 funds opened positions while 564 raised stakes. Heading into the stock price potential, The Coca-Cola Company needs to grow just 4.58% to cross its median price target of $48.

Blue Origin flies next-generation New Shepard vehicle Blue Origin flies next-generation New Shepard vehicle

Guardiola opens up on Manchester Derby tunnel fight Guardiola opens up on Manchester Derby tunnel fight

Analysts Opinions on: Caterpillar Inc. (CAT) Following the completion of the sale, the insider now directly owns 5,214 shares of the company's stock, valued at $717,811.38. Cetera Advisors Limited Liability Corporation owns 12,162 shares or 0.08% of their United States portfolio. (NYSE: CAT ).

Nikki Haley to present 'irrefutable evidence' proving Iran violated nuclear deal Nikki Haley to present 'irrefutable evidence' proving Iran violated nuclear deal However, the report stressed that investigations were still ongoing and findings would be reported back to the security council. The US backed Saudi Arabia's statements that Tehran supplied the rebels with the ballistic missile on November 4.

More Teens Vaping as Smoking Declines; Pot Use Holds Steady More Teens Vaping as Smoking Declines; Pot Use Holds Steady About 1 in 3 middle and high school students surveyed in 2017 said they had used some kind of illicit drug sometime in their life. The rate of students vaping up the marijuana has nearly remained the same on an overall basis for the years 2016 and 2017.

Train collides with school bus in 'serious' accident Train collides with school bus in 'serious' accident The students on the bus are reportedly aged between 11 and 15. "Helicopters have also been mobilized to take care of the wounded". Emergency services scrambled to the scene outside the town of Perpignan in southern France today.

Pokemon Crystal will release for 3DS in January through the eshop Pokemon Crystal will release for 3DS in January through the eshop Based on the Nintendo of Europe tweet , it will come both digitally and with a boxed edition that includes a code for the game. It had extra freebies like a Pokemon egg with a 50% chance of a shiny baby Pokemon , and the radio show Buena's password.