Fox Entertainment Shows Off ‘Fresh Start’ in Promo After Sell-Off to Disney (Video)
Fox wants viewers wary of the new slimmed-down version that it will be just fine after shedding most of its film and TV assets to Disney, which became official Wednesday.
In a new promo that aired Wednesday night, Fox Entertainment — the programming unit of what is now known as “Fox Corporation” — ran through the list of shows including “9-1-1,” “Empire,” and “The Simpsons” that still air on the Fox broadcasting network, even if their studio is now owned by Disney.
On Wednesday, Disney finalized its $71.3 billion purchase of 21st Century Fox’s film and TV assets.
After the sale, the remaining assets, a portfolio of news, sports and broadcast businesses, were formed into a new company called Fox Corporation. These include Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports (including cable networks FS1, FS2, Fox Deportes and Big Ten Network) and its local TV stations. That new company debuted on the NASDAQ Stock Market on Tuesday under the symbol “FOXA.”
Meanwhile, Disney takes over ownership of 20th Century Fox film and TV studio, cable networks FX, FXX and National Geographic, and certain cable and international television assets. Disney also acquires Fox’s 30 percent stake in Hulu, giving it majority control. The new assets should strengthen Disney’s position as a content behemoth, especially as it launches Disney+ later this year, its own streaming competitor to Netflix.
Watch the video above.
Read original story Fox Entertainment Shows Off ‘Fresh Start’ in Promo After Sell-Off to Disney (Video) At TheWrap
