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BusinessStudios

Comcast Also Wants To Buy 21st Century Fox

Reports emerged this afternoon that Comcast has approached 21st Century Fox with interest in acquiring the company’s entertainment and international broadcasting assets.

Comcast, which owns NBC Universal, appears to be interested in a similar set of assets which Disney wanted to buy from Fox earlier. If Comcast were to buy Fox, they would acquire Blue Sky Studios, in addition to already owning Illumination Entertainment and Dreamworks Animation.

The Rupert Murdoch-owned Wall Street Journal identified Verizon as another company possibly interested in buying parts of Fox, a clear signal that Murdoch is getting ready to restructure his company, and separate 21st Century Fox’s entertainment side from the news and sports side. (Murdoch separately runs another company, News Corp, which is a major publisher of newspapers, books, and magazines.)

Around ninety percent of mainstream entertainment production in the United States is controlled by just five companies. Should either Comcast or Disney purchase 21st Century Fox’s entertainment assets, that number would shrink to four.

  • Shayon Roy

    Just why

  • Andres Molina

    Oh, god. If someone has to buy Fox, please let it be Disney!! If Comcast buys Fox, say Goodbye to any X-Men/Avengers Crossovers practically forever. And if this negotiation comes true, then Blue Sky could also be in trouble.

  • Dylancaufield1

    The company I hate the most is about to buy the X-Men… crap.

  • Alex Dudley

    I don’t like the idea of a cable / ISP company owning this much content. They’ll have too much control over how it’s distributed.

    • Especially when your local service provider’s an indie who ends up on the receiving end of blackouts and other legal wrangles.

  • Jamie Murphy

    There is an issue there, it would make Comcast TOO BIG, and a headache for anti-trust regulators.

  • GW

    I don’t want either company to buy 21st Century Fox.. I’d rather have another less major company buy them or not have it sold at all.