The Disney Channel is another big possibllity. It's quite global and available (and apparently airs My Little Pony FiM in Spain), has had some big successes as of late with shows like Gravity Falls, Wander Over Yonder, the Mickey Mouse Shorts, and etc. and the channel is primarily a female centric channel (with Star And The Forces of Evil, a female centric show that looks like Steven Universe-ish coming soon) so FiM being there would actually kinda make sense.
Plus Hasbro and Disney have had toy deals for a long time, with a recent one being a toy deal where Disney gets to make revenues off the Star Wars movies (of course) while Hasbro gets to get revenue off and produce the Star Wars toys. I can totally see Disney getting the TV rights to FiM and MLP while Hasbro gets to focus on the toys.
However, I wonder how toy mandates would work if Hasbro wasn't allowed any creative control over it. But maybe in practice Hasbro and Disney would make some deal and collaborate on toy mandates.
But I guess the biggest initial concerns from fans would be:
"Are they gonna cancel FiM like they did with Spectacular Spider Man and Avengers Earth's Mightiest Heroes and turned them to Ultimate Spider Man and Avengers Assemble? Will they cancel FiM if it doesn't get high enough ratings like they did with Tron Uprising and Motor City and possibly Gravity Falls and Wander Over Yonder because they moved those two to Disney XD?"
Well, first off, FiM is sooooo not going to bomb view-wise so it being cancelled when it's such a cash cow is off the table. In regards to it being cancelled so Disney can make their own version aka reboot it, that's a possibility. While Spectacular Spider Man was cancelled because Sony didnt let Disney have the rights to continue it, Avengers Assemble had no studio contract issues yet was cancelled because Disney wanted to tie AA to the Avengers movie rather than continue Avengers EMH's storyline. And while I dont see any big schemes from Disney for MLP like a movie or whatever,
I would not be surprised if Disney did cancel FiM and reboot it.The fact is that FiM has lasted 5 seasons and two movies already. Disney could totally decide that the current show or the entire Generation 4 has gone on too long and decide (with Hasbro who probably have been discussing G5 by now anyway) to make MLP The Guardians of Harmony or something (G5).
But you know what? I'd actually be interested in seeing that. Disney Television Animation has produced some great shows (Gravity Falls, Wander, etc. including Kim Possible years ago) and I highly doubt they'd f' up MLP with that studio. Sure, they'll likely wont get a second lightning strike like FiM had but regardless, they probably wont 'ruin' the franchise and instead offer a good enough successor. And as a former fan of FiM, specifically S1 and S2-ish, I probably will be easier impressed with what they offer (plz direct your hate filled thoughts as PMs about how Post-Faust/Renzetti FiM is better and not in the reply posts)

So overall, I see Disney as a likely candidate. They'd possibly air FiM (if they can) and/or produce their own MLP show soon afterwards, both making the show and TV-side more available throughout the world, the new show wont be a BETRAYAL, and the Brony Fandom will be reduced to bone dust thanks to the copyright beast that is Disney

Preview Edit: Well, what Disney or Lucasfilms did with Star Wars Clone Wars' last season was air it on Netflix exclusively because CartoonNetwork had the rights to the TV side. So maybe like the others said, Hasbro keeps the show and airs it on Netflix or releases the seasons in DVDs if Discovery Family is a no go or they dont negotiate with CN, Nick, Disney, etc.
Eventually though, Hasbro will want to have a show for G5 and they'll need a network to broadcast it. And making it Netflix-exclusive will only satisfy male adults or families in America and not the main demographic, young girls, plus they'd shut out the international world so... G5 will need to be on TV and they'll need to partner with a network
Last edited by Bumble-B on Wed Jun 25, 2014 3:23 pm, edited 1 time in total.