Disney and Twenty-First Century Fox are closing in on a deal, and it could come as soon as next week, according to sources familiar with the matter. While this doesn’t confirm that the deal will go through and the Federal Trade Commission could try to block it, but it is very apparent the companies are interested in the acquisition.
While certain Fox properties may not be sold to Disney, including Fox Sports, there are a number of smaller properties where Disney could acquire stakes. Disney would get Fox’s 30 percent stake in Hulu. Disney already has a 30 percent stake in Hulu, so that arrangement would give it majority ownership of the streaming platform. Could this be the foundation for which to build the Disney streaming service?
It would appear that the two studios are nearing a deal that might have some in Hollywood a little nervous but it would be super exciting for fans that have long waited to see both the Fantastic Four and X-Men within the Marvel Cinematic Universe.
It’s the film rights have kept the X-Men from joining the MCU as of yet, but one X-Men producer would love to see the crossover happen. A recent Vanity Fair article explained how X-Men producer Lauren Shuler Donner threw in her support to have the mutant icons team up with the Avengers in theaters. “Well, I wish. I would love it, I would love it. But it’s not for me to say,” she said. Too bad it’s not up to her.
If the deal goes through, the Murdoch family will continue to maintain ownership over the sports and news divisions while Disney would get the studio rights to everything on the film side according to the report.
There is so much more at stake here for Disney than the obvious rights to the X-Men and Fantastic Four brands. They also want distribution rights for the original Star Wars trilogy and prequel trilogy. Most of those rights revert back to Disney in 2020, but the original 1977 film’s rights will remain at Fox.
Another bonus is the Avatar franchise. Earlier this week director James Cameron commented on how any sale of Fox’s TV and film operations would impact the Avatar sequels. He noted it probably wouldn’t affect the Avatar series and explained that “at this point in time Disney has a bigger investment” in the franchise than Fox, referring in part to Disney World’s Pandora: The World of Avatar attraction.
Disney would love to get its hands on the FX channel. And of course they want the vast, impressive, lucrative library of Fox movies and TV series from past and present, to add to their upcoming streaming service and, probably, to deny those movies and series to Netflix, along with the Disney, Marvel, Pixar, and Lucasfilm properties.
While in the midst of negotiations Disney is really hoping that Sony doesn’t out fox them on the deal. It was recently noted that Sony Entertainment had shown interest in purchasing 21st Century Fox along with a few other companies, including Comcast and Verizon. However, if rumors are true those talks have since reverted to Disney.
Much of this is speculative, but the talk of Disney purchasing Fox is much more than a big rumor. Deadline’s new report makes a good point that, if this deal does happen, we’ll probably find out about it in a pretty out of the blue way. We may not know when that announcement could come, but don’t be too surprised to hear that Disney has officially purchased Fox in the near future.
