Posted in: Movies | Tagged: 20th century fox, 21st century fox, disney, fox, Fox Corp, new fox

When Disney Takes Over, Fox Corp. Will be What's Left of 21st Century Fox

Published Mon, 07 Jan 2019 17:55:19 -0600

Last updated Mon, 07 Jan 2019 17:56:52 -0600

The not-so-vestigial remnants of 21st Century Fox that aren't slated to be absorbed once Disney has completed it's acquisition now has a name: Fox Corp. As part of a registration statement filed with the U.S. Securities and Exchange Commission, 21st Century Fox indicated that the company to be spun-off will include the company's branded news, sports and entertainment assets: Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network (BTN).

While Disney's portion will include most of its film and television assets, the filing provides an overview of what will be Fox II's core strengths and business outlook. The company will continue to operate as a publicly traded company via the Nasdaq.

Executive Chairman of 21st Century Fox and Chairman and Chief Executive Officer of Fox, Lachlan Murdoch said:

We are pleased to be taking another important step toward the creation of Fox, which will immediately enjoy strong leadership positions across its core businesses and benefit from the flexibility and capitalization of our new structure in order to pursue high growth initiatives and strategic opportunities

While Disney's more than $71 billion acquisition is as good as done, there is still a series of regulatory hurdles remaining before the deal is actually closed. Hoping to be completed in the next several months, various high level production meetings are said to be in process to develop a vision for Disney's Fox's production pipeline over the next several years, including Dark Phoenix's producer Simon Kinberg stating recently that Disney's MCU overlord, Kevin Feige had been asked to review the script for the upcoming X-Men feature film.

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