Fox-Disney deal may pose challenges to other media giants
Date: 2017-11-08   Author: Sunil Hebbalkar  Category: #news

The globally reputed Manhattan-based multinational mass media corporation, 21st Century Fox has been in talks with Walt Disney Co., to sell most of its media assets excluding Fox news and sports. It is unclear though, if Fox business would be involved in an upcoming Disney-Fox deal. As per media reports, in recent weeks, both the companies held a discussion about the sale of Fox’s movie studio, its National Geographic and FX channels and other international assets to Disney.

Speaking about the current media landscape, which has changed drastically in the last few years, Fox has been reexamining its scale and size, taking into account the current scenario in global media, pertaining to the dominating emergence of Netflix, Google, and Facebook in the field of digital media content development and distribution. Reportedly, in order to compete with these tech giants, the media mammoth would need to retain its bonding with consumers, which is only possible if Fox signs an agreement with Disney.

For the record, Disney already has a wide range of family-friendly assets, from its animated movies to Star Wars and Marvel. However, this upcoming deal is likely to favor Disney with wider range of media products. With regard to the competitive potential of the media industry landscape, the collaboration of Fox and Disney is likely to emerge crucial for one of the pivotal media behemoths - Netflix. According to analysts, most of the investors of Netflix have sold their shares, which has resulted in depreciation of Netflix’s share by more than 2%. Meanwhile, the shares of Fox and Disney rose approximately 1% each.

As Disney looks forward to launching its own streaming facilities, the acquisition of a major movie studio, having had substantial exposure to the international media landscape is likely to emerge beneficial for the Disney group. Besides, even Fox is reported to have believed that focusing on news and sports would turn out to be more effective in current era of digital media.



About Author


Sunil Hebbalkar

Sunil Hebbalkar

Sunil currently works as an associate content writer at AlgosOnline. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development department before switching his professional g...

Read More

More from Sunil


Post Recommendents

Apple & Volkswagen join hands to manufacture self-driving vans
Author: Saif Ali Bepari

Apple has apparently teamed up with the German automotive giant Volkswagen to manufacture self-driving vehicles that would ferry employees across its campuses. As per reliable sources, the latest collaboration would pr...


Tesco Plc bans non-recyclable packaging for its own products
Author: Dhananjay Punekar

Tesco Plc, a UK based grocery & general merchandise retailer, has decided to impose a ban on all non-recyclable packaging on its own products. The decision is apparently aimed at reducing the proportion of plastic ...


JetBlue-backed Zunum planning to bet big on hybrid-to-electric planes
Author: Sunil Hebbalkar

The United States based JetBlue Airways is reportedly lending support to a private hybrid plane manufacturing start-up called Zunum. As per reliable sources, Zunum is looking forward to launching fully electric planes ...