The service is set to launch in 2019.
Earlier this week, some potentially ground-breaking news broke with word that 21st Century Fox was engaging in talks with Disney to sell off their film and TV assets, namely the 20th Century Fox movie studio that could have a huge impact on Disney's Star Wars franchise, as well as bringing the Fantastic Four and X-Men franchises into the Marvel fold.
The original report said that the deal would not include Fox News, the FOX broadcast network, local affiliates or FOX's sports programming.
Based on the aforementioned report, CNBC's David Faber says that "pencils aren't down" on the buyout.
The outlets notes that while thew two companies have not been engaged in conversations at the moment, "it does appear at the very least that they have not abandoned the idea of that combination". Nevertheless, the stocks of both are up with Disney rising 7 percent and Fox rising 18 percent. Plus, it's highly unlikely Disney would be willing to roll the dice on R-rated superhero fare like Deadpool and Logan, so a little diversity obviously isn't a bad thing here. If this deal goes through, though, Disney would then control international broadcasting assets like Sky and Star, along with American cable networks like FX and National Geographic.
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