Once all the ink dries on that hefty $52 billion agreement for Dinsey to buy up most of 20th Century Fox, and all approvals are given, audiences will have to start getting used to calling the company overseeing the leftover assets by a whole new name. It’s a name that truly is new, that’s because this new division will be called New Fox.
Fox CEOs/co-chairmen Dana Walden and Gary Newman revealed the new name and the new direction for the network during the Television Critics Association winter press tour, according to TVLine. Disney is buying up the 20th Century Fox film and television divisions, along with other assets like FX and National Geographic, while leaving Rupert Murdoch and family with the Fox broadcast network, Fox Sports and Fox News among a few other smaller assets.
Because Disney is taking up the bigger TV studio division it leaves Fox’s broadcast network channel without steady in-house content, which will lead to another change for the network.
Walden and Newman stated that hit shows like The Simpsons and Empire will remain on the network to finish out their runs even after the deal is complete instead of moving to Disney owned ABC or elsewhere. After the deal is finished the Fox network will continue to produce in-house content with 80 percent of that content being live or sports related and the remaining content consisting of entertainment style programming that is created by outside studios like Warner Bros. or Sony, among others.
Disney’s full acquisition and organizing of the assets they gain from Fox is expected to take anywhere from 12 to 24 months after the deal is finished, but there is no word how long the transition into New Fox will take on Fox’s side of things.