Sections SEARCH Skip to content Skip to site index Subscribe Log In Subscribe Log In Advertisement DealBook Supported by ByMichael J. de la Merced June 14, 2018 Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them. __________ The Walt Disney Company agreed to pay $52.4 billion for them. Comcast thinks they’re worth $65 billion. So what, exactly, is so enticing about most of the assets of Rupert Murdoch’s decades-old media empire, 21st Century Fox? DealBook decided to break down why Disney and Comcast are clamoring to buy up a large chunk of Fox. Movie and TV studios The attraction of Fox’s movie studio is clear. 20th Century Fox owns blockbuster franchises like “X-Men” and “Avatar,” as well as a highly regarded arthouse-movie shop in Fox Searchlight. All told, Fox’s studios collected more than $1.4 … [Read more...] about What’s So Special About 21st Century Fox?
20th century fox movies
A UK culture minister said Tuesday that 21st Century Fox can move forward with its planned takeover bid for Sky — as long as it sells the pay-TV broadcaster’s news division, Sky News. The move sets up a likely Comcast-Disney bidding war for the property. Fox, which owns 39 percent of Sky, moved in 2016 to purchase the remaining piece of the broadcaster — but regulators put the move on hold. After a review, the $16 billion Fox bid for Sky was given the green light on Tuesday — as was Comcast’s $30 billion bid for all of Sky. In December, Disney agreed to buy most of Fox, including its 39 percent stake in Sky and the movie studio 20th Century Fox. Fox launched a bid to buy the remaining stake, valuing Sky at about $25 billion. A rep for Fox noted that the Disney offer is not contingent on Fox buying the rest of Sky. In a statement, a Fox spokesman said the company has already taken steps to sell Sky News to Disney. Disney said it welcomes the UK decision. … [Read more...] about UK minister allows 21st Century Fox takeover of Sky
ASSOCIATED PRESS The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange in 2017. LOS ANGELES >> Add cigarettes to the list of things that the family-friendly Walt Disney Co. has to figure out as it prepares to integrate the sharper-edged 20th Century Fox movie and television studio. Bob Iger, Disney’s chief executive, announced at a shareholder meeting in 2015 that Walt Disney Studios would “prohibit smoking in movies across the board: Marvel, Lucas, Pixar and Disney films.” He said the policy, which put Disney at the forefront of anti-smoking efforts in Hollywood, “was the right thing for us to do.” The decision brought cheers from activists concerned about the power of movies to promote tobacco use. Now anti-smoking advocates want Iger to extend that rule to all future youth-rated films (G, PG, PG-13) made by Fox and its Fox Searchlight specialty label, which are among the assets that Disney is … [Read more...] about Smoking is off limits at Disney. What will that mean with Fox in the fold?
NEW YORK - Twenty-First Century Fox (FOX) on Wednesday reported fiscal first-quarter earnings of $855 million. On a per-share basis, the New York-based company said it had profit of 46 cents. Earnings, adjusted for one-time gains and costs, were 49 cents per share, in line with analyst estimates. The owner of Fox News Channel and the 20th Century Fox movie studio posted revenue of $7 billion in the period. The company said in a statement that its cable network programming saw a 10 percent revenue bump on higher affiliate and advertising revenues, but those gains were partially offset by an 11 percent increase in expenses related to sports programming costs, including contractual rights increases for Major League Baseball, among others. Fox shares have increased slightly since the beginning of the year. In Wednesday trading, the shares closed at $27.35, an increase of 1 percent in the last 12 months. On the earnings call, Executive Chairman Lachlan Murdoch said management … [Read more...] about Cable revenues boost 21st Century Fox earnings
Last Updated Nov 6, 2017 4:53 PM EST 21st Century Fox (FOXA) has held talks to sell most of its assets to Walt Disney (DIS), a deal that would create a seismic shift in the media and entertainment industry, according to media reports.Discussions between the corporate parents of the 20th Century Fox film studio and the Walt Disney World Resort have taken place over the past few weeks but aren't currently active, although they could be revisited given their "on again, off again" nature, CNBC's David Faber reported. The Wall Street Journal, however, offered a more pessimistic take, saying the talks were preliminary and had broken down over price and other issues. An analyst estimated the value of the deal between $20 billion and $30 billion."Disney hates to overpay for assets," said Laura Martin, an analyst with Needham & Co., who has a hold on Disney and Fox, in an interview, adding that it's a "great strategic idea." "When you merge two studios together, you … [Read more...] about 21st Century Fox reportedly tried to sell its film studio to Disney
NEW YORK News Corp. (NWS) says the name of the entertainment company that will survive when its newspapers are spun off into a different company will be 21st Century Fox. That plays off its movie studio, 20th Century Fox, for the current century. Previously News Corp. planned to call the movie and TV show company Fox Group. News Corp. will split into two companies News Corp. to spin off publishing with $2.56B cash CEO Rupert Murdoch said the new name draws on the rich heritage of the movie studio while hinting at the innovation and dynamism of its properties. Here's how the split will work: Newspapers, book publishing and information services such as Dow Jones Newswires will be part of the publishing company. The 20th Century Fox movie studio, the Fox broadcast TV network and the Fox News Channel will be part of the media and entertainment company. Current News Corp. shareholders will get shares in each company, but how many shares and how much each entity will be worth have yet … [Read more...] about News Corp. names new company 21st Century Fox
Hammond's gone Hollywood.20th Century Fox is filming a television pilot at the stately 80-year-old Hammond City Hall building at 5925 Calumet Ave. It's an untitled legal drama about a woman who is wrongly accused, becomes a lawyer and fights for those who have been wrongly accused.Hammond Mayor Thomas McDermott said the filming would not interfere with any city business, or services to residents."They were trying to film on the day of the council meeting and we told them they couldn't film it here," McDermott said. "This is City Hall. We do city business on site. Hammond has an old-fashioned city hall and it's marvelous they want to use it in their show. We're proud to host them to shoot their segments and we're not charging them for any permits or anything. But this isn't a film studio and it can't get in the way of city business."Hammond City Hall has twice before been the setting for filming — once for a television pilot starring Minnie Driver that no network picked up … [Read more...] about 20th Century Fox filming legal drama show at Hammond City Hall
It was announced this morning, confirming rumours started last month, that Fox will sell itself off to Disney, adding yet another name to Disney's vast portfolio of movie studios and television channels. According to the MSNBC report that broke the rumour, Fox felt unconfident competing in an increasingly crowded landscape dominated by heavies including Google, Amazon, Netflix and Facebook, and were therefore eager to sell up. Disney, which already owns Marvel Comics, Lucasfilm, Pixar and ESPN, was decided to be a good fit, the company now taking ownership of Fox's film and TV productions, produced under the banner 20th Century Fox. The deal, worth an eye-watering $52.4 billion, has already sparked enormous implications for the industry, along with further fears of corporate monopolisation. The good news for geeks uninterested in the dangers of all of culture being owned by a handful of billion-dollar corporations? Superhero crossovers! And more … [Read more...] about Why Disney buying 20th Century Fox is good news for Marvel and Star Wars fans
Moore's eulogy of cinema maven Dan Talbot turned into a rant against corporate greed Jeremy Fuster, provided by Published 4:45 pm, Sunday, January 28, 2018 Image 1of/1 CaptionClose Image 1 of 1 Michael Moore Says ‘Evil, Greedy, 20th Century Form of Capitalism’ Killed Beloved NY Cinema 1 / 1 Back to Gallery Michael Moore’s eulogy of New York movie theater owner Dan Talbot turned into a polemic against what he calls an “evil, greedy 20th century form of capitalism” that he says is to blame for the closure of Talbot’s Lincoln Plaza Cinemas, a popular location for the Big Apple’s indie film scene. Last month, Lincoln Plaza Cinemas (LPC) announced that it would be closing after negotiations for a new lease fell through. Talbot passed away two weeks later. Milstein Properties, the company that owns the space, later announced that they would keep the space as a cinema after extensive renovations. … [Read more...] about Michael Moore Says ‘Evil, Greedy, 20th Century Form of Capitalism’ Killed Beloved NY Cinema
Will you eventually be watching the Cardinals and Blues on ESPN Sports Midwest? It sure looks as if the days are numbered for Fox Sports Midwest, which is in the process of being sold to ESPN owner The Walt Disney Company. It is part of a recently announced mega-deal in which Disney is buying many 21st Century Fox properties. It is acquiring not only 22 Fox-owned regional sports networks around the country, including FSM, but also the FX and National Geographic channels. Disney also gets the 20th Century Fox movie studio, several Marvel comic book characters and Fox’s stake in Hulu. The entire deal reportedly involves $52.4 billion in stock. Not included in the sale is over-the-air Fox Sports, which airs locally on KTVI (Channel 2), as well as cable outlets FS1, FS2 and Big Ten Network. They stay with Fox. Although the Fox-ESPN deal has been agreed upon, nothing is imminent. The sale needs approval of federal regulators and while many analysts think it will go through, it is … [Read more...] about ESPN plans to buy Fox Sports Midwest; impact on Cards, Blues telecasts uncertain