Disney may buy 21st Century Fox assets in entertainment mega merger

Posted:
in General Discussion
The Walt Disney Co., which has worked closely with Apple for many years, is said to be in talks to potentially acquire most of rival entertainment giant 21st Century Fox, in a deal that could have major ramifications for services like iTunes, the Apple TV and Apple Music.




Talks between Disney and Fox have taken place over the last few weeks, according to sources who spoke with CNBC. The negotiations are not currently ongoing, but were characterized as possible to resume at any moment.

Executives at Fox are said to be pursuing a deal as they look to refocus the company on news and sports.

The rumors come as Apple has been slowly building up a team for its own in-house content. It is believed that Apple wants to produce more original entertainment to drive subscriptions to the $10-per-month Apple Music service.




Disney, meanwhile, plans to end its partnership with Netflix and launch its own streaming services in the coming years. Its own blockbuster properties, including Marvel and Star Wars, will be exclusive to Disney's own streaming services.

Bringing Fox into the fray could make Disney's streaming ambitions even more of a threat to Netflix, which invests heavily in its own original content to drive subscriber growth.

From a content perspective, a marriage between Fox and Disney could also sort out some unique legal wrinkles between the two parties. Notably, Fox continues to own the rights to the first six Star Wars films, and Fox bankrolled the first film, A New Hope.

Disney's Marvel arm is also in a bind with some of its most popular comic book characters -- the X-Men and Fantastic 4 -- locked into lifetime exclusivity with Fox. A Disney takeover of Fox could allow for characters like Wolverine and Deadpool to make their way over to the shared Marvel Cinematic Universe, which features Iron Man and Captain America.




Finally, a deal would bring James Cameron's Avatar property from Fox to Disney, a franchise that has multiple new films in the works, and also has a newly opened attraction at Disney's Animal Kingdom theme park in Central Florida.

The partnership could ultimately have positive implications for Apple, albeit indirectly, as Disney and the iPhone maker have worked together closely for years. Disney Chief Executive Bob Iger serves on the Apple Board of Directors, and Laurene Powell Jobs, widow of late Apple cofounder Steve Jobs, is a significant stakeholder in both Apple and Disney.

Comments

  • Reply 1 of 14
    calicali Posts: 3,495member
    I like Disney’s bold moves of buying popular cash cows. I wish Apple would have bought Disney years ago. 
  • Reply 2 of 14
    NemWanNemWan Posts: 102member
    Well that's one way to get the rest of the Star Wars rights. Fox owns distribution rights of the first Star Wars film in perpetuity.
  • Reply 3 of 14
    NemWan said:
    Well that's one way to get the rest of the Star Wars rights. Fox owns distribution rights of the first Star Wars film in perpetuity.
    And the most of the remaining Marvel rights, X-Men was the number one franchise in Comics from 1970-when Robert Downy Jr was able to convince the world iron man wasn’t a c-list character. 

    What happened to apple and James Bond?
    edited November 2017
  • Reply 4 of 14
    Lots of “would” and “could” for this story to be anything but speculations. 
  • Reply 5 of 14
    I wonder what they would do with Fox News.
  • Reply 6 of 14
    Disney has been living a double life. Behind the happy mouse face is a corporate culture steeped in old Walt’s reactionary politics. When I was a kid in the sixties, I was turned away at the date of Disneyland for having long hair. It was no accident that Walt chose then ultra conservative Orange County for his park. The L.A. Times reported today that Disney is banning pre-screening of films for their reviewers because the paper recently reported on the unsavory relationship between the city of Anaheim and the company. Very Trumpian behavior, banning the press for saying critical things. Anaheim is basically a client-state of the corporation. It’s government was long ago bought-off by various favors and sweetheart deals. It gets whatever it wants. Fox sounds like a good fit. 
    Oferviclauyyc
  • Reply 7 of 14
    jeff_cook said:
    I wonder what they would do with Fox News.
    there will a place for them in the underworld 

  • Reply 8 of 14
    melgrossmelgross Posts: 30,310member
    I see no benefit to Apple in this. In a number of areas, Disney is actually the last holdout in doing a deal with Apple. How would this help? It wouldn’t. The bigger a company gets, the less likely they are going to give favorable deals to others. It’s why they are, like a number of other content creators, and owners, pulling out of Netflix.
    edited November 2017
  • Reply 9 of 14
    melgrossmelgross Posts: 30,310member
    jeff_cook said:
    I wonder what they would do with Fox News.
    This has nothing to do with Fox News.
    tallest skil1983
  • Reply 10 of 14
    jeff_cook said:
    I wonder what they would do with Fox News.
    That’s not in the deal (it’s in the article). Fox would keep its TV channels, sports, satellite TV, newspapers, etc.
  • Reply 11 of 14
    Disney has been living a double life. Behind the happy mouse face is a corporate culture steeped in old Walt’s reactionary politics. When I was a kid in the sixties, I was turned away at the date of Disneyland for having long hair. It was no accident that Walt chose then ultra conservative Orange County for his park. The L.A. Times reported today that Disney is banning pre-screening of films for their reviewers because the paper recently reported on the unsavory relationship between the city of Anaheim and the company. Very Trumpian behavior, banning the press for saying critical things. Anaheim is basically a client-state of the corporation. It’s government was long ago bought-off by various favors and sweetheart deals. It gets whatever it wants. Fox sounds like a good fit. 
    Doesn’t look like they missed out. 
    adm1
  • Reply 12 of 14
    It’s quite distressing that we’re mostly discussing how good this would be for Disney, or Apple, or Fox’s investors, and not the twenty-year garbage fire that is the 1996 Telecommunications Act.
    mac_dog
  • Reply 13 of 14
    Please fucking no.
  • Reply 14 of 14
    jeff_cook said:
    I wonder what they would do with Fox News.
    Shut it down hopefully. But the story said they would concentrate on News and Sports. The problem with that is that Fox does not do news- they do newz.
    melgross
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