Disney may be closing in on a media-industry-rocking deal to acquire a collection of assets from 21st Century Fox. A deal, which would include Fox’s movie studios, could be announced as soon as next week.
The deal comes as media companies look for ways to survive as consumers shift their attention to ad-free streaming services from Netflix and Amazon, cut the cord in increasing numbers and spend an inordinate amount of time glued to mobile screens and social media.
Disney’s already declared that it is going to war with Netflix by launching its own streaming service. But that means it needs all the programming it can get as it plans for a direct-to-consumer, digitally-dominated media future. That’s where Fox comes in.
To read more about how Fox’s assets make for Disney’s first shot in its war with Netflix, click here.
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