The associated CNBC report indicates that, while the terms have been under discussion, talks are not now in progress between the two companies, and the deal is far from certain at this point. In the last several years alone, Comcast acquired NBCUniversal; Verizon bought AOL, the Huffington Post, and Yahoo; and AT&T is now seeking approval for an $85 billion merger with Time Warner.
A Disney spokesman did not immediately respond to a request for comment while Fox was not immediately available for comment. Bob Iger would have more than enough content to fight Silicon Valley on their own turf. Silence could be a sign it's true since usually they would deny talks if the news was false.
This is unexpected news from the entertainment world.
Citing people with knowledge of the negotiations, CNBC said that the deal would not include the Fox broadcast network, the company's 17 owned-and-operated local affiliates, Fox News and Fox Business or Fox's sports programming assets.
It's unclear how a deal with Disney would affect productions. In an era of tech giants, media dinosaurs have to evolve, or join forces, to keep from going extinct.
This also comes as Rupert Murdoch, 86, looks to hand the company over to his sons Lachlan and James after a tumultuous year that saw Fox News part ways with its creator Roger Ailes and biggest star Bill O'Reilly following multiple reports of sexual harassment or assault from staffers. Disney already owns ABC and ESPN, and believes incorporating Fox's sports coverage would encompass a monopoly and make them a target of an anti-trust case. Fox is also reportedly hoping to concentrate its focus on news and sports, potentially selling off the greater movie and television elements to a company with a better handle on the rapidly changing face of entertainment media and how audiences consume it. If and when Disney is back in possession of the rights that 21st Century Fox now holds, it would mean that Marvel Studios could finally bring a number of classic Marvel properties such as the X-Men and the Fantastic Four into its shared cinematic universe.