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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