According to the reports, 21st Century Fox has been in talks to sell most of its company to Disney. It’s been in talks that Fox is shedding its film and TV divisions, networks like FX and National Geographic, and the company’s stakes in international networks like Star TV and Sky.
As per the reports, Fox is said to be primarily interested in selling its entertainment divisions in order to focus on what the company’s management is said to view as its most profitable areas; selling the costly film and TV divisions to Disney would let Fox better focus on its successful news and sports programming.
It has been said that Fox is not interested in selling the Fox broadcast Network, Fox Sports, and the Fox News and Fox Business brands.
Disney has been already the biggest player in the film industry. It’s just the previous year that it took the top five slots at the worldwide box office, shattering records with total grosses of over $7.2 billion. This deal would give Disney access to Fox’s massive back catalog of popular films and TV shows, which Polygon’s Julia Alexander points out would be a huge bolster to Disney’s upcoming exclusive streaming service.
It’s the sort of move that could lead to even more consolidation in what’s an already fairly commoditized industry, where there are major studios like Warner Bros. and Universal which are just small parts of the massive portfolios of parent companies like Time Warner and Comcast. For these “smaller” studios like Fox and Sony, it may soon be the case that if you can’t beat Disney, get under its wings.
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