Disney has acquired 21st Century Fox’s film and TV studios in a landmark deal worth over $52 billion. The arrangement covers the movie studio 20th Century Fox, the company’s TV production arm 20th Century Fox Television, Fox-owned cable networks (including FX and National Geographic), and the company’s stakes in international networks like Star TV and Sky (which Fox is planning to acquire full ownership of before the sale is completed).
Disney also will gain a majority control of Hulu in the deal, with Fox’s 30 percent stake giving Disney a controlling interest of 60 percent. Comcast and Time Warner will be reduced to minority stakeholders, with 30 percent and 10 percent stakes, respectively.
Fox is looking to focus on the far more profitable news and sports sides of its business and will be keeping of the Fox broadcast network, Fox Sports, and the Fox News and Fox Business brands.
Comic book characters like the X-Men, Deadpool and Fantastic Four are now back under the control of Marvel Studios — a status quo that Disney notes in its press release as allowing the company to “create richer, more complex worlds of inter-related characters and stories.” Or, in other words, it opens the door for characters such as Deadpool to cross over into the Marvel Cinematic Universe.
The Fox acquisition also means that Disney finally controls the rights to the original Star Wars film, the Avatar series, the Aliens movies, Ice Age, the rebooted Planet of the Apes,The Simpsons, The Shape Of Water, Grand Budapest Hotel,Futurama, Firefly, and The X-Files, to name just a few, all of which would be a massive boon for Disney’s upcoming streaming service, which it plans to launch in the next few years.
What do you think of this deal? Happy to see the possibility of the X-Men joining the Avengers? Or prefer to see more competition out there driving creativity? Sound off in the comments below!