Re: Forming a new Hulu
Yup, it was all about Disney acquiring the content and ip to launch Disney Plus. Fox wanted to become leaner and sold their studio at a premium cost. Fox wanted to hang onto their news channel and Disney never would have been allowed to buy Fox and Fox Sports.
Disney would have got the RSNs but the regulators asked them to sell them to a third party. Who ended up being Sinclair Broadcasting ( they are now called Bally Sports due to a sponsorship deal) . To make things easier Disney dropped Fox from 20th Century Fox and its just called 20th Century Studios.
On a side note Disney also got FX in the deal.
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