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Wednesday, November 29, 2017

ARTICLE: Disney Continues Negotiations to Acquire 20th Century

The potential acquisition of 21st Century Fox’s movie and television production operations by Disney is reportedly still on the cards, claims Deadline co-editor-in-chief Mike Fleming Jr. in his column, published today.

“I just want to start with a juicy rumor that is fast gaining steam in town today, that Disney is progressing speedily toward that rumored acquisition of Fox,” wrote Fleming. “The version I heard has the Murdoch clan keeping possession of sports and news properties, and the rest of TV and the film studio going to Disney.”

“Radio silence right now from both studios, and given how Disney made the Marvel and LucasFilm deals under the cone of silence, if this happens we’ll probably only know it when it’s announced. It is certainly being talked about today.”

Fleming went on to claim that the reaction in Hollywood is unenthusiastic due to the “uncertainty that comes with potentially reducing a major studio to content generators under the Disney silo system.”
It was reported earlier this month by both CNBC and The Wall Street Journal that discussions regarding Disney’s possible acquisition of certain divisions of Fox had taken place. A subsequent update via CNBC claimed that “pencils aren’t down” on a potential deal.

Earlier this week director James Cameron commented on how any sale of Fox’s TV and film operations would impact the Avatar sequels. He noted it probably wouldn’t affect the Avatar series and explained that “at this point in time [Disney] has a bigger investment” in the franchise than Fox, referring in part to Disney World’s Pandora: The World of Avatar attraction.

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