21st Century Fox and Apollo Global to form powerful JV

21st Century Fox (FOXA -1.6%) and Apollo Global Management (APO -2.7%) have a preliminary deal in place to form a joint venture together.

If a final deal is struck, it would bring some of the most powerful production companies together under the same roof.

Sector watch: The media production industry has been ripe with consolidation. Last week, Discovery Communications partnered with Liberty Global.

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