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.