**ITS OFFICIAL** Walt Disney buys 21st Century FOX

Norrin Radd

Norrin Radd

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Fox TV Execs Reveal Post-Disney Network's New Name, Programming Plans

Once 21st Century Fox’s sale to Disney goes through, the assets that are not part in the deal will live on under a new name: New Fox.

Fox CEOs/co-chairmen Dana Walden and Gary Newman laid out the breakdown of assets at the Television Critics Association winter press tour in Pasadena. Disney is acquiring 21st Century Fox’s film and TV studio, the FX network, and National Geographic. Fox Broadcasting network and it’s stations, Fox News Channel, and other smaller assets will be spun off as a new company with a new name.

While this may sound simple enough, it does get a bit tricky. Until the deal is finalized — which will likely take 12-18 months — it will be business as usual for Fox. This means new television shows will continue to be developed, and a “similar” number of pilots will be order for the 2018-2019 TV season.

The duo explained that shows like The Simpsons and Empire will not change networks once the sale is finalized. Instead, current shows on Fox will presumably continue to remain with New Fox until their runs come to an end.

As for what New Fox will focus on once its in-house production studio is gone, Walden said, “80 percent of the programming in all of New Fox will be live and sports.” However, she also explained that “the network will continue to do entertainment programming” with outside studios like Warner Bros. and Sony having a better chance at getting their shows on the network.
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ZEB WALTON

ZEB WALTON

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No Father To MY Style.. A Son Unique
It says disney planning a response. They know how much money this can bring in.i dont understand how even the fovt can block this. Theyre creative properties, its not like they have a monopoly on creativity. Communication companies arent exactly the same thing but knowing the govt.. theyll screw it up anyway
 
Norrin Radd

Norrin Radd

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Disney-Fox Deal To Close By Summer 2019, FBC To Evolve, “Diet Fox” & More Highlights From Fox Town Hall Meeting

21st Century Fox president Peter Rice held the first of two town hall meetings on the lot today to reassure Fox Networks Group staffers amid jitters related to the pending acquisition by The Walt Disney Co. of key Fox assets, including 20th Century Fox movie studio, 20th Century Fox Television TV studio and FX Networks. There were no pressing issues on the agenda, with Rice just providing an update on the process (and also revealing his favorite Disney character — it’s Goofy).

While there had been some optimistic early estimates that the deal, announced last December, could go through regulatory approval faster, Rice told Fox employees that the transaction will most likely be completed by end of summer 2019 at the latest, close to the 18-month conservative initial projection.

The remaining Fox assets, including Fox Broadcasting Company, national sports cable networks FS1 and FS2, Fox News Channel and the Fox stations, will form a new company, previously referred to by Rupert Murdoch as New Fox. Today Rice jokingly called the slimmed-down post-merger group “Diet Fox” in response to a comparison an attendee made between New Fox and New Coke. He noted that the new company will likely be called Fox. Rice expects that management changes at Fox would be announced first — over the next 12 months — because that company has to be up and running on the day the Disney transaction comes through.

Rice also reiterated comments he as well as Fox TV Group chairmen Dana Walden and Gary Newman had made in the past couple of months that it will be business as usual for Fox Broadcasting Co. but the network will evolve over time while continuing to be “an exciting entertainment network.”

Post-merger, FBC will be separated from 20th TV, which provides 70% of its programming and also dominates its development for next season. While live programming and sports are expected to be a major part of the evolved FBC, as underlined by Fox’s recent deal for Thursday Night Football, the network also plans to license shows from studios, Rice said. TNF makes Fox NFL’s most important partner with 40% of the viewership across broadcast and cable, he noted.

The post-deal Fox will remain based in West LA and Disney will be leasing offices on the Fox lot for the next 7 years. For those moving to Disney, the transition should be seamless, while for those staying, it will be an “exciting time” as the new Fox would be a focused, nimble and well capitalized company set up for the future, Rice said.
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Mr. McDowell

Mr. McDowell

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Jamaica Estates
Still has to be approved by the Department of Justice. As Peter Rice said, it's the conservative estimate. Just need to wait and see.
 
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