Conflicting news keep emerging about Fox striking a deal with Disney, and everyone is speculating “will they, won’t they.” Fans have been following this news with balanced hopes. After the initial euphoria about a deal being finalized, we had heard that the talks failed and now we again hear that the two companies are very close to a deal.
More information has emerged about the prospective deal, and Bloomberg has shared the following update.
“21st Century Fox Inc., the global film, and TV company controlled by the Murdoch family, would prefer to sell some assets to Walt Disney Co. because it’s a better strategic fit and presents fewer regulatory hurdles, people familiar with the matter said.”
For those who are superhero fans, the Fox-Disney merger is highly promising. It will bring the X-Men franchise under the MCU, and that’s something that fans have been wishing for, right from the start of the Marvel Cinematic Universe. A big step was taken when Sony and Marvel Studios joined hands to make Spider-Man: Homecoming which meant that only X-Men and Fantastic Four which are held by Fox, remained away from Marvel’s completing their cinematic universe. However, Fox has been facing inconsistencies in its superhero projects and TV projects, which would get corrective measures taken by the consistently and highly successful Marvel Studios.
At the moment, it would be wise for the fans to rein in their optimism about the deal taking place. The details of the deal are not yet out. However, it appears to be a deal where Fox would sell its 20th Century Fox film and TV properties to Disney and keep the rest of their businesses such as Fox News and Fox Sports. Disney would benefit by getting access to a large global market share, and the distribution network that Fox has built and Fox will get the branding power of Disney. About the latter, taking over Fox’s market share would boost Disney’s plans of launching its own streaming service in 2019 to compete with Netflix/Hulu.
We will share further details about the Fox/Disney deal with you as soon as we get fresh updates.