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Disney Buys 21st Century Fox

The New York Times and various other outlets are reporting today that the rumored buyout between Disney and 21st Century Fox has been made official.  Still waiting for Congressional approval, the deal has been approved by both companies for $52.4 billion, creating a massive shakeup in the entertainment industry.  Ruper Murdoch, CEO of Fox, is retaining control over the Fox News Network and FS1 sports, looking to focus his energy here.  Bob Iger, CEO of Disney, is going to postpone his retirement and remain with Disney throughout 2021 to ensure that the merger goes through smoothly.  

So what does Disney get for 13x the cost to buy the Star Wars name? The one that you guys will be most excited about is that the X-Men and Fantastic Four film rights are now back in the hands of Marvel.  Though it is WAY too soon to know how Disney is going to handle the two, it's a safe bet to say that they will enter the MCU sometime after Avengers: Infinity War. Nothing has been said about the projects Fox has been working on, but we can assume that Disney isn't going to scrap movies that are finished or near completion, so you can still expect New Mutants and Deadpool 2 to remain untouched.  

This deal now gives Disney a controlling interest in Hulu.  With plans to create its own Disney-centric streaming service, this deal might push Disney into scrapping that idea and making a push into this already established platform.  Don't get your hopes up though, this is just speculation and Disney may still want to move through with their former plans.  That would allow them to have 3 distinct streaming platforms as Disney also gets ESPN which is launching a streaming service mid-2018.  

On top of all this, Disney also gets FX, National Geographic, and Fox television, which includes "The Simpsons", "Family Guy", "Modern Family" and much more.  In expanding its presence in the TV sphere, Disney has solidified its place as one of the most powerful entities in entertainment media.  There will be more info coming in the following weeks as this deal is processed, make sure you watch the website for more. 

So what do you guys think? Hoping to see Wolverine in the next Avengers? Uncomfortable with Disney owning so many properties? Let us know!

 

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