December 6 2017

Disney and Fox deal could close by next week

It seems that things have sped up considerably when it comes to Fox and Disney.

According to sources speaking with CNBC, discussions between Fox and Disney have advanced and there could be an announcement as soon as next week. The sale, should it happen, would encompass Nat Geo, Star, regional sports networks, movie studios and stakes in Sky and Hulu as well as some other assorted properties. The value of the assets is estimated to be above $60 billion.

The Hulu portion of this purchase is intriguing as Disney and Fox each currently hold 30 percent of the joint venture, so this would give Disney control. With plans for a Disney streaming service to launch in 2019, it makes me wonder if Hulu would survive that launch or if it might morph in some way. It’s an important cog in cord cutting, so it’s worth watching.

This could end up being the biggest deal in the history of Hollywood, if you are even remotely interested, stay tuned.

Source: CNBC .

share tweet share

Business |