As media companies struggle to find a way to address a shift in how Americans watch content, it is now reported that Disney and Fox are close to a deal to sell most of Fox to Disney.
This deal will include most, but not all of, Fox properties. According to reports Fox will keep ownership of their news and sports channels including FS1 and FOX News. Fox will also keep ownership of their local Fox affiliates around the United States.
Disney will be buying Twenty-First Century Fox, the TV and movie studio. According to reports this will also give them ownership of the back catalog of Fox shows including “The Simpsons” and “Family Guy.”
Fox is reportedly hoping that sports and news will be more resistant to cord cutting because Americans still largely watch news and sports live.
Nothing is official, but CNBC is reporting that a deal between Walt Disney Co and Twenty-First Century Fox could come as soon as next week.
It is rumored that this deal will be valued at above $60 billion. This could make the Disney purchase of Fox one of the largest deals ever seen in the world of entertainment.
Source: Reuters
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