The deal between Rupert Murdoch, left, and Disney head Robert Iger could reshape the entertainment industry.
Murdoch's stable of newspapers, including the Wall Street Journal, are unaffected, as they are largely owned by a different subsidiary in his empire, News Corp. Internationally, Disney is also getting the Star TV network in India and a stake in European pay-TV provider Sky.īut Disney's buyout doesn't include several Fox-branded channels including Fox News, Fox Business Network, FS1, FS2 and Big Ten Network. Those will instead be spun out into a newly listed public company with a much narrower focus on news and sports, and less entertainment programming and movies. A minority stake in streaming service Hulu.TV channels FX and the National Geographic Channel.Twenty-two regional Fox Sports channels.TV production units Twentieth Century Fox Television, FX Productions and Fox21.Film studios Twentieth Century Fox and Fox Searchlight Pictures.The deal, which has been rumoured for weeks, was made official on Thursday morning, and includes many high-profile assets, such as: Disney is buying the lion's share of Rupert Murdoch's company 21st Century Fox in a $52.4-billion US deal that reshapes the landscape of film, television, cable and entertainment companies in the U.S.
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