spurgeonryan said: Why is Fox looking to sell their movie studio? Usually has good business, unlike Paramount for example. |
Uhh... That's exactly when you want to sell a business to get a good price for it.
Then they take the proceeds to buy an unprofitable business at low price that they can get better value out of.
(I have heard that Murdoch is looking to buy CNN, for example)
Question nobody is asking is will Sony want to put 20thC Fox management in charge of Sony Pictures as well.
RJ_Sizzle said: Sony needs to get their own studio in order before they talk about buying anyone else's. |
20th Century Fox is itself owned by Murdoch who didn't own other film studios previously,
this is just swapping between corporate interests, not fundamentally different relationship of studio:owner.