Disney is purchasing a part, well – a very huge part, of 21st Century Fox. After a few days of rumors, the Mouse House announced Thursday, December 14 that they would shell out a fantastic $52.4 billion in stock that would allow them to acquire a majority of the network’s TV shows.
Because of the big deal, which is expected to close in 12-18 months, Disney will now be the house of Fox’s most popular titles including “The Simpsons”, “X-Men” and “Avatar”. It will also earn the right to televise live games of U.S. professional baseball, basketball, and hockey as well as popular college and high school games.
In addition to making Disney a tough rival for the likes of Netflix and Amazon, the acquisition will make it easier for Disney to create movies and TV shows focusing on characters previously owned by Fox.
While there’s still no word on it yet, you may see in the future characters including X-Men, the Fantastic Four and Deadpool joining other Marvel superheroes like Spider-Man, Iron Man, Captain America, Black Widow and Thor in the Marvel Cinematic Universe.
So, how Fox will be doing after the Disney deal? The studio doesn’t purchase the network’s assets as the deal only focuses on the latter’s entertainment businesses. 21st Century Fox has announced plans to launch a new company simply dubbed “Fox” which will focus more on news and sports broadcasting business. So that means, Fox Newas Channel, Fox Business Network and FS1 among others would still be part of the company.
What do you think of the deal? Is is a wise decision for Fox to let Disney have the majority of their assets? Voice your opinion in the comment section down below, and share this article.