A recent report from CNBC suggests that entertainment giant Disney might be set to get even bigger.
21st Century Fox has reportedly 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 an unnamed source from CNBC. It’s worth noting, however, that the talks have taken place over the last few weeks and the two sides are not currently talking at this very moment so there is no certainty they will lead to a deal. Neither Disney nor Fox has confirmed the rumors.
Heaving a deal with Disney, Fox would retain its national and local news channels, including Fox News and Fox Business, as well as the entirety of its Fox Sports programming. Disney’s gains would be purely in the entertainment realm: the movie studio, television production, and international assets, as well as other Fox-owned entertainment channels such as FX and National Geographic.
If something does materialize, it would have a tremendous effect on the media landscape, including streaming. While Fox would be more specialized, Disney would have even more reach than it does now. It would have yet another movie studio under its belt, more TV resources and a greater footprint abroad.
Avengers Vs. X-Men? X-Men reboot? Fantastic Four? Let’s cross our fingers and hope it materializes.
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