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Comcast Out How Disney's Empire Will Look With Fox



NEW YORK (AP) – The Mouse House approaches the Fox.

Comcast's decision on Thursday to drop its bid for most of Twenty-First Century Fox, means that Disney's $ 71.3 billion offer for Fox will prevail. Fox shareholders vote on the offer on July 27. Meanwhile, Comcast is tracking Sky, a European pay-TV operator that Fox owns in part.

The movements come while the media landscape changes dramatically. Cable and telecommunications companies are buying content manufacturers to compete better with popular streaming services such as Netflix and Amazon. Last month, AT & T bought Time Warner and acquired Warner Bros. Studio and channels such as TBS and HBO.

So what would a combination of Disney and Fox look like, as well as a combination of Comcast and Sky? Here's a look at what every company would take away if the deals went through.

MOVIES

X-Men and other films from Fox's studios could be added to the upcoming Disney streaming service. Fox's "Avatar", "X-Men", "Fantastic Four" and "Deadpool" movie studios would work well with Disney's studios. This includes the reunification of the Marvel franchises X-Men and The Avengers, as some of these characters were already in Fox's hands when Disney Marvel bought in 2009. Disney also has the Muppets, Pixar and "Star Wars"

BTIG analyst Richard Greenfield estimates that the combined studios account for 45 percent of box office revenues worldwide. A larger studio could use its power to keep its movies in theaters longer and to extort competing films.

TV

Fox's TV productions include "The Americans," "That's Us," "Modern Family." and "The Simpsons." Networks include FX Networks and National Geographic. The Fox stores would be added to Disney's list of channels like ABC, Disney Channel and Freeform. "Modern Family" is already broadcast on ABC.

SPORTS

Disney would have to sell Fox's 22 regional sports networks to meet the government's antitrust concerns, as Disney already owns a national sports network, ESPN. Buyers have not been announced yet. The regional networks hold television licenses for professional hockey, basketball and baseball games and show hometown sports in various cities including New York, Los Angeles, Dallas, Cleveland, Detroit and Kansas City.

STREAMING

Hulu streaming service. Comcast, Disney and Fox now each own 30 percent, with AT & T owning the remaining 10 percent through Time Warner. With Fox's share, Disney would have a controlling stake of 60 percent.

Disney plans an entertainment-focused streaming service as early as 2019, allowing it to be combined with Hulu or kept as separate services.

INTERNATIONAL

If the Comcast Sky bid prevails, Comcast would own the European pay-TV operator. Sky operates in Austria, Germany, Ireland, Italy and the United Kingdom. It has 22.5 million customers, attracted by offers such as English Premier League football and "Game of Thrones".

Disney would receive other international properties from Fox, including Star India, a Mumbai-based media company with dozens of sports and entertainment channels; Tata Sky, an Indian satellite TV provider; and Endemol Shine Group, a Dutch-based media company.

THEMES PARKS

Disney has used its portfolio extensively in its amusement parks in California, Florida and overseas. Disney, for example, is expanding its attractions related to "Star Wars". On the other hand, Disney turned its Pirates of the Caribbean drive into a big movie franchise.

Disney would be able to expand its capabilities with Fox, though theme parks will be able to reach licensing agreements with competing studios. Comcast's Universal, for example, has rides based on Fox's "The Simpsons" and Warner Bros.'s. "Harry Potter." Disney has licensed Fox's "Avatar" for his "Pandora" park in Walt Disney World.


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