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REPORT: Sony Among Many Corporations Looking to Acquire Fox Movie Assets

by  in Movie News Comment
REPORT: Sony Among Many Corporations Looking to Acquire Fox Movie Assets

Disney may be looking to buy most of 21st Century Fox, however, they’re not the only party interested. A new report states that Sony Entertainment is also interested in acquiring Fox’s movie assets.

RELATED: REPORT: Disney’s Bid to Buy Fox’s Movie Assets Isn’t Dead Yet

The Mouse House may have some competition as Comcast, Verizon, and Sony Entertainment have all expressed interest in acquiring 21st Century Fox as they are all said to be enticed by the company’s international assets. According to the Wall Street Journal, while both Comcast and Verizon have approached 21st Century Fox, Sony Entertainment has only informally approached the company, indicating talks have yet to officially begin. Earlier reports stated that Walt Disney Company was in talks with the company, but that they’d failed to reach a deal, ending talks between the two. However, it was recently confirmed that this doesn’t mean talks are necessarily over between the two.

While Disney’s interest in taking over 21st Century Fox may lie in regaining rights to the X-Men and Fantastic Four, as well as adding to their catalog for their forthcoming streaming service, the other parties are said to be interested in the U.K. pay-TV company Sky — one of 21st Century Fox’s many international assets. As of right now, Fox owns a 39% stake in the company, however, it’s previously announced its intention to buy the rest of Sky, with the hope that the deal would close by mid-2018. This would give a company like Sony Entertainment, who is behind the PlayStation consoles, a chance to add the channel to its network — perhaps allowing them the option to give original programming another go after Powers was cancelled after two seasons.

RELATED: Marvel Studios and Sony to Share Spider-Man in New Collaborative Deal

As of right now, there does not appear to be a front runner among the interested parties, but as we’ve seen before, things can change in a moment’s notice.

(via Morning Star)

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