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Film franchises and Fox television programs were the subject of an auction war between Disney and Comcast
By
Diane Bartz and David Shepardson, Reuters
access_time
June 27, 2018
Fox: The offer does not include Fox News, Fox Business or Fox Sports networks (Lucy Nicholson / Reuters)
Washinton – A Walt Disney has received approval from the United States to buy the entertainment badets of the 21st century Fox for $ 71.3 billion, provided it sells 22 regional Fox sports networks, the US Department of Justice said Wednesday, giving Disney an edge over Comcast.
Fox's film and television franchises have been the subject of a bidding war between Disney and Comcast, both of which want to develop their own entertainment business to compete with fast-growing Netflix digital rivals. Amazon. with.
The agreement does not include Fox News, Fox Business or Fox Sports networks.
If Disney prevails over Comcast, the combination will expand Disney's unmatched portfolio of some of the world's most popular characters, including Mickey Mouse, Luke Skywalker and Marvel superheroes with X-Men franchises, "Avatar" and " The Simpsons "Fox.
Disney owns ABC, Pixar, Marvel Studios and the producer of "Star Wars," Lucasfilm, and a number of theme parks. Fox's acquired badets include a cable TV group that includes FX Networks, National Geographic and more than 300 international channels, as well as Fox's participation in the Hulu video streaming application.
Disney, which also owns the ESPN Sports Network, has agreed to divest all of Fox's regional sports networks, which provide sports programs to North American regional and local markets, such as Fox's YES network, which features baseball games. New York Yankees in the metropolitan area of New York.
The Department of Justice stated that without the divestitures, "the proposed acquisition would eliminate the substantial competition that currently exists between Disney and Fox and would likely result in higher prices for cable sports programs."
Disney's deal with the government could be a setback for Comcast, who has not yet responded to Fox's latest offer for Fox, announced last week. Comcast, whose latest bid is $ 65 billion, declined to comment.
Fox has not commented either.
Disney said he was "satisfied" with the agreement reached with the Justice Department and said he hoped to create "even more appealing consumer experiences".
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