Shareholders at Twenty-First Century Fox and The Walt Disney Company agreed at separate meetings on Friday to approve the Disney proposal to acquire Fox and for the spin-off of certain parts of the company.
It’s expected that Rupert Murdoch’s Fox will this week finally be given clearance to take over Sky.
The US Justice Department has given its approval for Disney to purchase the bulk of 21st Century Fox’s assets.
Comcast has made clear its intentions for 21st Century Fox by tabling a $65 billion bid for the majority of the Murdoch company’s assets including Sky.
Paid-for video-on-demand (VOD) services have reached the mass market in Germany: At the end of 2017, 18% of all households were subscribing to at least one Pay-VOD service.
The new ESPN App has launched and now includes ESPN+, the direct-to-consumer premium subscription streaming service from The Walt Disney Company’s Direct-to-Consumer and International group, in partnership with ESPN.
The Takeover Panel has separately told Disney, Fox and Sky that Disney will be required to make a mandatory offer for Sky once Fox has completed its own bid for the broadcaster.
The Walt Disney Company has announced a strategic reorganisation consolidating the company’s Direct-to-Consumer Services, Technology and International Media Operations into a single, worldwide business, headed by Kevin Mayer.
Walt Disney chief executive Bob Iger has said the new Disney streaming service will launch at a price lower than that of established rival Netflix.
Its emerged that the Walt Disney Company held talks with 21st Century Fox with a view to buying the majority of the company’s broadcast operations including Sky.