Disney plans to acquire Fox's film and television business to realize content direct selling service

original title: Disney plans to acquire most of the assets of 21st Century Fox

in recent days, mergers and acquisitions in the field of technology and media around the world have been very active. On Monday, Broadcom announced that it would buy Qualcomm, a giant of mobile phone chips, for $130 billion. According to the latest news from foreign media, the US media giant Disney is also in talks with 21st Century Fox to acquire most of its film and television business.

according to US financial news website CNBC, citing people familiar with the matter, the two companies have been in contact for some time, but there is no guarantee that the deal will be concluded. In the future, 21st Century Fox will focus more on news and sports, hoping to transfer its film and television business.

it should be pointed out that 21st Century Fox is an enterprise spun off by News Corp. at present, News Corporation mainly focuses on traditional media such as newspapers, while 21st Century Fox mainly focuses on television media business.

it is reported that 21st Century Fox wants to transfer its film and television entertainment business because the management is aware that scale is very important in the film and television entertainment business, but the company does not have enough scale to participate in the competition in the future. nor can it continue to expand through mergers and acquisitions in the future.

the company hopes to pay more attention to the field of TV news and sports, and to compete and operate more fully in the current big city market.

in recent years, great changes have taken place in the US media market. Companies such as Amazon, Netflix, Google (Weibo) and Facebook have changed the way consumers consume media content, and these companies have entered the field of original film and television. For example, Netflix has an annual budget of $8 billion for original film and television production.

in the view of market participants, a giant company like Disney can survive in the new market background, but 21st Century Fox lacks a similar scale. Before

, Disney has already launched a transformation, including no longer relying on external video sites and directly launching consumer-oriented video services. If we successfully acquire the film and television assets of 21st Century Fox, it will help its content direct marketing service.

sources say Disney cannot acquire the entire 21st Century Fox Company.

according to US law, Disney cannot own two national television stations (it owns ABC), so it cannot acquire Fox TV, and it will not be able to acquire each other's sports TV assets, because Disney already owns ESPN sports channel, and further acquisitions will bring antitrust problems.

sources say Disney will not buy 21st Century Fox's local TV business either.

Disney's assets include film production, television content shooting, international television stations (including Star and European Sky), as well as FX and National Geographic Channel.

the amount of this transaction is not known.

it is worth mentioning that in the field of film and television media, the US telecommunications giant AT&T announced that it would spend 85 billion US dollars to acquire time Warner Group and acquire well-known television media such as HBO and CNN. However, this deal has not yet been completed. According to recent reports by authoritative US media, the US Department of Justice is preparing to file an antitrust lawsuit against this deal, and it is still unknown whether the deal can be successfully completed.

earlier, another telecommunications giant, Verizon, successively spent about 9 billion US dollars to acquire two of the largest established portals in the United States, AOL and Yahoo. In the future, they plan to make more profits through online advertising and media content distribution, so as to make up for the downturn in revenue and profits in the telecommunications market.

Edit: mary