Disney Agrees $52 Billion USD Deal for Fox's TV and Film Studios

As Disney prepares to launch its own streaming service.

By
Entertainment
12,797 Hypes 11 Comments

After speculation of a deal for a while, Disney has announced that it has reached an agreement to take control of large amounts of the Fox media network. The $52 billion USD deal still needs to be approved by competition regulators, but if it goes through it will see Disney take ownership of Fox’s TV and film studios with some of Fox’s biggest franchises — such as X-Men and The Simpsons – now belonging to the conglomerate.

Other elements of the deal include National Geographic, FX cable channels, regional sports networks, international networks, a 30 percent stake in Hulu, and a 39 percent share of Sky, which will now be owned by Disney. The move is part of Disney’s attempt to reposition itself in the TV sector. So far, this new strategy has already seen Disney announce that it will leave Netflix in order to launch its own streaming service in 2019.

Let us know what you think of the deal in the comments below. In other entertainment news, take a look at the special 35th anniversary box set of Akira.

Read Full Article
Source
Engadget

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

490 Users Online

What to Read Next

'Star Wars: The Last Jedi' Cast Touch Weird Stuff in "Fear Box"
Entertainment

'Star Wars: The Last Jedi' Cast Touch Weird Stuff in "Fear Box"

See how John Boyega and Gwendoline Christie deal with baby boa snakes.

Azzedine Alaïa London Retrospective Announced for 2018
Fashion

Azzedine Alaïa London Retrospective Announced for 2018

With 60 pieces selected by the Dior-trained designer before his death.

Future and Rocko Reportedly Settle Lawsuit
Music

Future and Rocko Reportedly Settle Lawsuit

Allegedly worth seven figures.


21 Savage Joins Tay-K On "The Race Remix"
Music

21 Savage Joins Tay-K On "The Race Remix"

Best remix yet?

Wacko Maria's Fall/Winter 2017 Collection Combines Intricate Graphics With Americana Styling
Fashion

Wacko Maria's Fall/Winter 2017 Collection Combines Intricate Graphics With Americana Styling

Outlandish Japanese garms.

Watch Ronnie Fieg Unveil the Nike LeBron 15 to King James for the First Time
Footwear

Watch Ronnie Fieg Unveil the Nike LeBron 15 to King James for the First Time

“Ronnie, you killed that sh*t.”

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.