Home
Entertainment
Entertainment News
Disney Fox Deal to Be Announced on Thursday: Report

Disney-Fox Deal to Be Announced on Thursday: Report

By Rishi Alwani | Updated: 13 December 2017 17:59 IST

Highlights

Disney is set to acquire sports and entertainment assets from Fox
The deal could be announced on Thursday
It paves the way for X-Men characters to be a part of the MCU movies

Disney is all set to acquire entertainment and sports assets from 21st Century Fox with a deal announcement set for Thursday. This includes its film and TV studios. Comcast was in the running but dropped out on Monday according a report.

“The enterprise value of the Fox assets in the Disney deal is seen as above $60 billion, sources said a week ago, but that exact amount is still not firm,” reads a post from CNBC.

Exact details of the deal are unknown at this juncture.

The implications of this deal would see Disney acquire film rights to X-Men and Fantastic Four characters, allowing the next set of Marvel Cinematic Universe movies to feature them. It also means Disney would also get access to National Geographic, Sky, Hulu, some of Fox’s sports networks and 20th Century Fox film division.

Not all of Fox’s assets will be absorbed by Disney. It will retain Fox News, the Fox broadcast network, and Fox Sports 1, which will be spun-off into an independent company.

The Disney Fox deal is set to change the entertainment business landscape as it gives Disney access to a huge library of content as it attempts to compete with Netflix.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.