Disney, Fox Deal Could Reportedly Close This Week

Disney-Fox deal would be a media and entertainment earthquake

U.S. cable company Comcast has dropped out of the race for 21st Century Fox's entertainment and worldwide assets, clearing the way for Disney to acquire a piece of Rupert Murdoch's media empire.

CBR offers further details on the situation, reporting that "Constantin retains the production rights first sold to them in 1986, but that Fox has exclusive distribution rights as part of the 1999 deal with Marvel". The deal is said to be worth over $60 billion, but the exact amount is still not known.

The assets being sold by Fox include its FX and National Geographic cable channels, 22 regional United States sports networks and the company's stake in the Hulu streaming platform in the US. It earned more than Dollars 600 million worldwide as a bleak, R-rated superhero film, but while that success was heartening, Mangold fears a future in which Disney would never allow such a film to be made because of merchandising concerns.

Disney are without a doubt one of the biggest companies in the world of entertainment, and the titans behind-the-scenes are looking to expand on that even more if recent reports are to be believed. "We never got the level of engagement needed to make a definitive offer", it added.

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Disney, which is launching a streaming service to compete with Netflix, is said to to interested in the 20th Century Fox and Fox Searchlight movie studios, as well as the FX and National Geographic channels, according to BusinessWorld.

While the exact portfolio of assets changing hands remains unknown, it appears that the Murdoch family will be left with only Fox Broadcasting and its local TV stations, cable giant Fox News and Fox Sports 1 and 2, cable networks launched in 2013.

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Twenty-First Century Fox, Inc.

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