MTM/News Corp deal

The MTM/News Corp deal was a corporate transaction made in 1996 by News Corporation, involving the sale of the struggling News Corp Pictures (NCP) unit, intended as a secondary studio to 20th Century Fox, to MTM Enterprises, which already had a film production unit with a distribution deal with NCP, allowing it to form its film distribution unit MTM Films. MTM also acquired NCP’s affiliated feature animation studio, NCA Animation Studios (originally News Corp Animation). It was mainly overshadowed by the Robertson/Shaw deal, completed less than a week later, which involved the transfer of MTM’s parent company, International Family Entertainment, to Canadian telecom Shaw Communications.