Disney’s purchase of 21st Century Fox’s movie and TV divisions seems to be almost a done deal, with an announcement may be coming in next week. Last month, the news had broken that the House of Mouse wanted to purchase key elements of the Fox corporation. The Disney and Fox talks did not result in a deal, but it had left the door open for future negotiations. A potential Disney/Fox deal is back on the cards.
It is unclear what Disney wants to do with the Fox divisions that will go under them once the buy-out is inked. Word The reason the Mouse House is pursuing this deal seems to be because it may allow them to stock-up on IPs, which they can offer through Disney’s upcoming streaming service scheduled to go live in 2019. This will mean that on top of Marvel, Lucasfilm and Pixar offerings, subscribers will gain access to Fox’s portfolio of media entertainment.
CNBC reports that these two companies are nearing an agreement. The enterprise value which Disney is looking to acquire is more than $60 billion. Comcast and Sony Pictures have made bids to purchase Fox, but it seems like their pitches were not enticing enough.
This might be good news for Marvel fans who have been dying to see the X-Men and Avengers exist in the same film universe. Star Wars fans can benefit from this, with Disney claiming the distribution rights to the original trilogy, meaning a Blu-ray release of the first 3 installments is within reach.
There is a risk that the deal may do more harm than good, especially with fears of Disney possibly having a monopoly of the industry. From having 6 film studios, the deal decreases it to 5, and despite Disney’s history of coming out with quality movies, some are worried that the House of Mouse tending to not go too dark with the properties to stay on-brand can hurt movies that benefit from R-ratings (like Deadpool and Logan). Deadpool’s creator Rob Liefeld is among the people who have opposed to a Disney/Fox deal and the potential consequences, for similar reasons.