21st Century Fox & # 39; reboot conversations & # 39; for possible sale to Walt Disney | Media


The 21st Century Fox controlled by Rupert Murdoch has resumed talks to sell the majority of the company, including the British chain Sky, to Walt Disney, according to reports on Sunday.

Negotiations focus on Fox's film studio, cable channels such as FX, and international businesses, including the Star network of India and Sky, the Financial Times reported, citing "several people with knowledge of the conversations. "

The apparent conversations come when Fox struggles to secure full control of Sky for the second time in a decade. The £ 11.7 billion deal ($ 15.41 billion) has been affected by regulators' concerns about the plurality of media in the UK and Murdoch's commitment to broadcasting standards.

The UK Competition and Markets Authority (CMA) is badyzing Karen Bradley, the secretary of culture, in September

who followed a review of Ofcom, the UK media watchdog, raised " significant concerns "about the two options for solving problems of plurality of means, known as behavioral and structural remedies. The CMA will publish the provisional results of its investigation in December. Sky has threatened to close its Sky News network if the agreement is not canceled.

In what was seen as a setback to the Murdoch family's hopes of taking full control of Sky, Ofcom last month ruled that the Fox News Hannity and Tucker Carlson Tonight programs breached the fairness standards that cover the broadcast British

An agreement with Disney would put an end to Fox's search for Sky and leave him with Fox News Channel, Fox's broadcasting network and his sports rights, which the FT said would not be sold.

The conversations between Fox and Disney were first revealed early last month, when news from the United States. UU The CNBC channel said Fox's managers believed the company could not get the size needed to compete with Amazon, Netflix and other major competitors. He said that the talks had stopped.

Traditional media players increasingly have to compete for viewers with Amazon, Apple, Google, Netflix and other technology companies that finance their own content and take advantage of the trend of accessing entertainment over the Internet instead of a TV or DVD player.

A Disney acquisition of Fox's entertainment badets would create a Hollywood powerhouse. Fox's recent successes include the Planet of the Apes and X-Men movie franchises, while Disney controls Pixar and the Star Wars series.

But cable subscriptions, an area where Fox and Disney have made fortunes, are fading away as more people trust the Internet to offer their entertainment.

It is believed that Disney is unlikely to attempt to buy Fox's sports programming badets for fear of not complying with antitrust laws because of its ownership of the ESPN sports network, and would not buy Fox News either. or Fox's local broadcast subsidiaries.

It could face competition for the entertainment badets of Fox from Comcast, the US cable group, and Verizon, the telecommunications group, that have expressed interest.

Fox and Disney still had to respond to a request for comment from Fox at the time of going to press.

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