Posted on 11/06/2017 11:25:31 AM PST by monkapotamus
21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., leaving behind a media company tightly focused on news and sports, according to people familiar with the situation.
The talks have taken place over the last few weeks and there is no certainty they will lead to a deal. The two sides are not currently talking at this very moment, but given the on again, off again nature of the talks, they could be revisited.
For Fox, the willingness to engage in sale talks with Disney stems from a growing belief among its senior management that scale in media is of immediate importance and there is not a path to gain that scale in entertainment through acquisition. The company is said to believe that a more tightly focused group of properties around news and sports could compete more effectively in the current marketplace...
(Excerpt) Read more at cnbc.com ...
On the horizon: More sucktacular “entertainment.”
At least they can read the tea leaves.
The studio business is a crap shoot anymore with no studio able to create new IP’s on a regular basis.
I can’t believe Fox is the one to fold first, Columbia seems to be the weakest and Paramount not far behind. The Star Trek franchise is legend but not a money maker on the scale of Star Wars and Marvel.
Just as Taco Bell won the franchise war it looks like Disney is on the way to winning the Movie/entertainment war.
The first action should be streaming HD Fox News
When that happens, then they will be able to understand the returning vets from Viet Nam.
Hey, let’s re-boot a remake of a 1980s 3 movie straight-to-video franchise that is obscure and forgotten.
SUREFIRE HIT!
Don’t forget the overwhelming merchandising!
Great! How soon after will we get an X-men, Fantastic Four, Avengers cross over movie?
It’s where the REAL money from the picture is made!
This Summer...at a theater near you...
The Marvel-DC Universe Versus StarTrekWars!
With all the pedophiles and sex abuse jerks oozing out of the woodwork ,how long before studios get nailed...Fox has already paid out tens of millions....Fox boys want to enjoy daddy’s billions,not hand them out in lawsuits..
Hope not. The less overreaching control the modern Left Wing Dizzy corp has, the better. Right now Fox has the rights to several Marvel properties, specifically the X-Men and their spin-offs which were granted years before Dizzy got their controlling paws on Marvel.
Think about it, Dizzy Corp really hasn’t been able to generate a major hit out of all the Marvel properties they currently control since they aquired them after the first Avengers movie came out and now they want the X-Men.
Fox’s Deadpool made a ton of money and they’re about to release the sequel in a couple of months plus New Mutants (both X-Men spin-offs). If they don’t catch them now, it may be years before they get control away from those characters from Fox, which I consider a good thing.
Casting couch, uh I mean uh, interviews soon for new “talent”?
Saudi related...?
I wouldn’t say they have had a hit since Avengers. They haven’t had a hit as BIG as Avengers, but that’s the 5th highest grossing movie in domestic release ever, you don’t really expect to do that regularly. They pretty much expect to get $250 million on the domestic front that’s pretty solid (and significantly better than the X-Men movies). Deadpool is the only X-Men movie to get into the area Marvel gets.
Now they do want X-Men back because they want it all back. They’re working hard to undo the fire sale. Disney will get it, they just have too much money to throw down to be denied.
First thing I thought of: Will we finally get a good Fantastic Four movie?
As of 2015, Comcast Corp. is the largest media conglomerate in the U.S. with Disney, NewsCorp and Time Warner following in order.
As of February, 2017, AT & T and Time Warner are in talks to merge into one superglomerate creating the largest mass media and entertainment company in the U.S.
Many industry experts believe the merger would violate anti-trust laws.
These vast companies are virtually 100% liberal in management and product.
Media integrity, the public interest and the democratic process is at risk when small numbers of companies control the national media market.
I'll be vastly interested in when and if the kibosh is put on these mergers as they come into view during the current administration...and I urge all freepers to keep an eye on things, and write your representatives when necessary.
Our media and entertainment could well be controlled very soon by 5 or 6 corporations, companies and/or families.
Leni
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