Resolution criteria

This market resolves YES if Sony Group Corporation or any of its subsidiaries (including Sony Pictures Entertainment) completes an acquisition of Fox Corporation or substantially all of its network assets by December 31, 2033. The acquisition must include Fox's broadcast network, television stations, or primary cable networks (Fox News, Fox Sports, etc.). Resolution will be determined by official SEC filings, press releases from Sony and Fox, or major financial news sources documenting the completed transaction.

Background

Fox Corporation was formed as a spin-off of 21st Century Fox's television broadcasting, news, and sports assets on March 19, 2019, following Disney's acquisition of 21st Century Fox's motion picture, television production, and cable entertainment divisions for $52.4 billion. Fox Corporation owns Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations, and Tubi streaming service. Fox Corporation maintains a market capitalization of approximately $31 billion as of January 2026. The company is controlled by Lachlan Murdoch through a family trust with 36% voting shares, with Rupert Murdoch as chairman emeritus.

Considerations

Sony has historically shown limited interest in acquiring Fox's network assets. While Sony Pictures CEO Tony Vinciquerra reached out to Fox in 2017 expressing interest in roughly the same assets that Disney wanted, those discussions never materialized into a formal bid. Sony's entertainment strategy has focused on film studios, music catalogs, and gaming rather than broadcast television networks. Additionally, regulatory hurdles would likely apply to any such acquisition, particularly regarding FCC ownership rules for broadcast networks.

This description was generated by AI.