Disney Buying 21st Century Fox In $52.4B Deal - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |


Disney Buying 21st Century Fox In $52.4B Deal

Posted: Updated:
CBS News CBS News

Disney is buying a large part of the Murdoch family's 21st Century Fox in a deal valued $52.4 billion, including film and television studios, cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business.

The purchase will bring together storied franchises such as 21st Century Fox's "X-Men" and "The Simpsons" with Disney's "Star Wars" movies and its Disney Pixar films. Before Disney completes the buyout, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a new publicly traded media company that will be spun off to its shareholders. 

The acquisition will break up Rupert Murdoch's massive media empire, which spanned assets from pay-TV channels such as National Geographic to the Twentieth Century Fox Film studio. The deal comes amid shifting consumer trends in the media industry, accelerating an "arms race" for content that has been jumpstarted by Netflix and Amazon, which are siphoning off consumers from traditional media companies.

"The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before," Robert A. Iger, CEO of Disney, said in a statement on Tuesday.

Fox and Disney are among the big media businesses that have sought to offer a rival to Netflix. They are among the co-owners of the Hulu streaming network, whose "Handmaid's Tale" won the Emmy award this year for best dramatic series. 

Hulu, which is also co-owned by Comcast and Time Warner, and Disney's other video services will be able to offer "more appealing and engaging experiences" with the purchase of Fox's entertainment assets, Disney said in a Thursday statement. 

Special Features

Live Traffic

Get the latest road conditions on Green Country roadways.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

CBS Shows

Watch your favorite CBS shows for free online.


Looking for a website or event you heard mentioned on News On 6? Find it here!

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

WARN Interactive

Special Coverage

  • Bridge Tracker

    How safe are Oklahoma's bridges? Use Bridge Tracker to find out now.

  • Fallen Heroes

    News On 6 honors our fallen Oklahoma heroes. View our interactive timeline.

  • Murrah Bombing Timeline

    Learn more about the events leading up to and following the bombing.

  • Storm Zone

    Watch tornadoes tear across Oklahoma and learn how to stay safe!

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.