It was a somewhat unexpected move, as 20th Century Fox has been doing pretty well with Blue Sky Studios, the production house behind the insanely successful Ice Age series.
In one instance, it lights up the sky for a band of early 18th-century Caribbean pirates, including their Irish-accented captain, Elizabeth Bonny (Anna Friel).
The larger one would hold the television and entertainment assets, such as 20th Century Fox, the Fox broadcast network, Fox News, Sky Italia and a 39% stake in British Sky Broadcasting.