Television

Comcast drops bid for 21st Century Fox assets, cedes prize to Disney

Comcast will now shift its focus towards sealing the Sky deal.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/07/26/21st%20Century%20Fox.jpg?itok=BDh0fr0B

MUMBAI: The fierce bidding war between Comcast and Disney has finally ended with the former dropping out of the race to gobble up the prized 21st Century Fox assets. Comcast will now shift its focus towards sealing the Sky deal.

"Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky," the company said in a statement.

"I'd like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company," Comcast Corporation chairman and CEO Brian L. Roberts said.

Last month, the US cable giant made a $65.0 billion offer for the Fox assets, trumping Disney's original $52.4 billion bid. However, Disney went on to make a counter-offer of $71.3 billion in cash and stock.

Disney has already sought clearance from US department of justice to go ahead of the deal that includes the Twentieth Century Fox film and TV studio, a controlling stake in Hulu, and international properties including Star India.

The Comcast-Disney tussle will go down as one of the most keenly contested battles in the media and entertainment.

With traditional power players facing challenges from new streaming services and FAANG companies, Fox’s entertainment assets are bound to help Disney prop up its upcoming streaming service as more and more consumers cut chords every day, especially in US.

Recently, following the $32.5 billion offer from Rupert Murdoch’s 21st Century Fox, Comcast also increased its offer valuing Sky at $34 billion. The European Pay TV group is a lucrative option for Comcast to stay relevant outside US.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/24/ssr.jpg?itok=ybHvDIzO
Media trials: Bombay HC says 'will have to lay down guidelines'

NEW DELHI: The Bombay high court has said that in light of recent events, it may have to lay down guidelines to check the rash of media trials in the country. While listening to a tranche of pleas seeking restraining orders against trial by media in the Sushant Singh Rajput case, the division bench...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/24/nbsa.jpg?itok=IpABQht_
NBSA gives date & time to news channels to air apology in Sushant Singh Rajput coverage

NEW DELHI: After directing the electronic news channels Aaj Tak, Zee News, News 24 and India TV to comply with its previous order of apologising on-air for their ‘insensitive coverage’ of actor Sushant Singh Rajput’s death by suicide, the News Broadcasting Standard of India (NBSA) has now given the...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/24/preeti.jpg?itok=jsgAeXCs
Good writing is about the soul, not success: Preeti Mamgain

The Screenwriters Association (SWA) held its first peer-judging awards show earlier this month. The awards were given in various categories and were judged by senior writers from the industry. Indiantelevision.com – which has been a regular partner of the SWA – got into short conversations via...

Television Production House Post Production
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/24/pr.jpg?itok=4U4XwfT4
Critically acclaimed American dystopian drama, ‘Fast Color’ to premiere on MN+ and Romedy NOW

Offering some of the most celebrated Hollywood movies of all time to its viewers, MN+ and Romedy NOW will simulcast the Indian Television premiere of the American supernatural movie, ‘Fast Color’ this Sunday October 25, at 1:00 PM and 9:00 PM.

Television TV Channels GECs
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/24/q.jpg?itok=pnhf3jtc
TV will grow, but digital is where the money's at: SPNI's NP Singh

Sony Pictures Networks India MD and CEO NP Singh has always believed in looking on the bright side. After the network lost the IPL media rights to arch rival Star Sports, Singh claimed they were better off and more profitable without the league.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/23/aajtak.jpg?itok=tayoapIL
Aaj Tak enters Bengal market with first regional digital extension

NEW DELHI: Aaj Tak is venturing into the regional digital news space with the launch of bangla.aajtak.in. The digital format of Aaj Tak Bangla will showcase exclusive content in politics, literature, sports, technology and entertainment for its visitors. The unveiling of Aaj Tak’s Bangla digital...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/23/republic.jpg?itok=aJYudEDW
TRP row: Republic TV's broadcast of Hansa Report not illegal, says court

NEW DELHI: Mumbai Police commissioner Param Bir Singh opened up a pandora’s box on 8 October when he addressed the press conference on the subject of TRP manipulation. Ever since, the news broadcasting industry has been beset by flying allegations and accusations, as well as FIRs and lawsuits...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/23/arnab.png?itok=MIYAZief
Delhi high court rules Republic TV cannot use ‘News Hour’

New Delhi: The fight for who holds the rights to the words ‘News Hour’ and ‘nation wants to know’ between Benett Coleman & Co’s Times Now and ARG Media Outlier’s Republic TV has been on for a very long time. Earlier, BCCL had moved the high court seeking a permanent injunction against Arnab...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/23/t.jpg?itok=8VyEsBnY
Celebrate This Glorious Victory Of Good Over Evil With Some Of The Greatest Heroes And Villains This Sunday On &flix And &PrivéHD

A time of happiness, the festival of Dusshera celebrates a new era, ushered in by the victory of good over evil. On this auspicious day, watch as evil is extinguished with fury and vengeance as glorious battles and fierce action awaits you on Sunday, 25th October 2020 only on &flix and &...

Television TV Channels English Entertainment

Sign up for our Newsletter

subscribe for latest stories

* indicates required