Disney\, Comcast to Account for Nearly 40% of Spending on U.S. Programming

Disney, Comcast to Account for Nearly 40% of Spending on U.S. Programming

After divvying Fox assets, media giants will dominate home-entertainment landscape—outspending Netflix

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LOS ANGELES—The sale of major assets of 21st Century Fox Inc. will create two juggernauts of programming, Walt Disney Co. and Comcast Corp., that will tower over a rapidly consolidating media and entertainment landscape, according to a report by Ampere Analysis.

Disney’s $71 billion deal to acquire Fox’s film and television divisions and Comcast’s agreement to buy the pay-TV operator Sky PLC will create companies that together control nearly 40% of all programming spending in the U.S., the analysis found. Globally, the two...