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– by Joseph Jammer Medina

disney fox merger

For weeks, the internet’s been abuzz about Disney potentially acquiring most of 21st Century Fox. Now, the massive conglomerate has revealed that the deed has been done.

According to Disney, 21st Century Fox will spin off Fox Broadcasting network stations, Fox News, Fox Business, FS1, FS2, and Big Ten Network to its shareholders. After that’s done, Disney will acquire the remainder of 21st Century Fox for around $52.4 billion in stock — which is a is a figure that’s expected to change slightly. This means that Disney will own 20th Century Fox Studios and 20th Century Fox Television.

In addition to this, Disney chairman and CEO Bob Iger will remain until 2021 to continue to provide vision and leadership during this transitional period (he was originally hoping to retire earlier).

RELATED – How Marvel Can Bring The Fantastic Four Into The MCU

“The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “We’re honored and grateful that Rupert Murdoch has entrusted us with the future of businesses he spent a lifetime building, and we’re excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings. The deal will also substantially expand our international reach, allowing us to offer world-class storytelling and innovative distribution platforms to more consumers in key markets around the world.”

“We are extremely proud of all that we have built at 21st Century Fox, and I firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace in what is an exciting and dynamic industry,” said Rupert Murdoch, Executive Chairman of 21st Century Fox. “Furthermore, I’m convinced that this combination, under Bob Iger’s leadership, will be one of the greatest companies in the world. I’m grateful and encouraged that Bob has agreed to stay on, and is committed to succeeding with a combined team that is second to none.”

Of note here are the big properties that Disney is set to acquire, and despite the doubts we initially had, it sounds like the property Fantastic Four is included in this deal (among other predicted properties like AvatarDeadpool, and X-Men, as indicated in the press released:

“The agreement also provides Disney with the opportunity to reunite the X-Men, Fantastic Four and Deadpool with the Marvel family under one roof and create richer, more complex worlds of inter-related characters and stories that audiences have shown they love. The addition of Avatar to its family of films also promises expanded opportunities for consumers to watch and experience storytelling within these extraordinary fantasy worlds. Already, guests at Disney’s Animal Kingdom Park at Walt Disney World Resort can experience the magic of Pandora—The World of Avatar, a new land inspired by the Fox film franchise that opened earlier this year. And through the incredible storytelling of National Geographic—whose mission is to explore and protect our planet and inspire new generations through education initiatives and resources—Disney will be able to offer more ways than ever before to bring kids and families the world and all that is in it.”

Are you excited to see that this deal went down? Let us know your thoughts down below!

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SOURCE: Disney

  • I’m so pleased they name dropped the Fantastic Four. Just removes any doubt we had.

    Exciting times indeed.

    But that’s mostly because I see Star Wars in a few hours wooop.

    • Smerdyakov

      Yeah, I can’t really see that German company holding things up. Disney would just have them killed.

      • Actually I’ve just read a report that Constantin sold off their rights to Fox anyway just before the last movie came out. But we were not aware of this previously.

    • Kindofabigdeal

      Lucky, I’m waiting until Saturday to see Star Wars with my nephews. It is exciting times.

  • SaiyanHeretic

    I don’t think there’s any danger of Disney “watering down” Fox IPs. Quite the contrary, how many times have we railed against Fox for fucking up their movie and TV licenses with terrible executive mandates? Say what you will about Disney, but as far as entertainment output, they’ve been doing things right lately.

    • I think Disney gets that to make money, you make Fan pleasing movies. Until that changes I’m all for Mouse Power.

      • Derek NOLA

        mostyly agreed but i am very curious to see how they move forward with properties like Deadpool that r R rated and marvel ones that arent like Avengers… how would they combine the two worlds if ever?

        also seems to me Fox Network will be radically different.. perhaps a cheap non scripted model is the way of the future for network television anyways.. cable and internet streaming is where all the scripted will go.

        • Kindofabigdeal

          Easy, when Deadpool is in any other movie he is bleeped out. They may also want Reynolds to tone it down a bit so there aren’t as many beeps. Save them for when it has the most impact and funniness.
          When you do the solo Deadpool movies you let him run wild.

  • TheOct8pus
  • Kronx

    Also important: Disney now gets Fox’s stake in Hulu which gives the Mouse primary ownership.

    • Smerdyakov

      I wouldn’t want to be working for Hulu. Odds are it will get absorbed into the Disney Network.

      • Derek NOLA

        i think your right.. there is no way the two services survive longterm next to eachother

        • Kindofabigdeal

          Couldn’t Disney just add it’s content to Hulu instead of creating an entirely new Network. With this added content, as well as some possible originals, they could rival Netflix.

    • And Sky TV

      However Iger has already said Hulu will not evolve into their streaming service.

      • Kronx

        I’m sure Disney wants people to pay for both.

  • Smerdyakov

    One thing about Fox. Although they’re very right wing on their News shows, they’re pretty liberal in their entertainment line. They were the ones who introduced Married with Children, The Simpsons, Family Guy and the AMC shows. Most of which have a liberal bent. I don’t think of Disney as being right or left wing but they seem to have a tendency to play it safe or to ignore issues entirely. As far as I know the only reason Fox News is right wing is to carve themselves a market share.

    • Derek NOLA

      so there shit is liberal like every other damn thing in the world? good lord

      • Smerdyakov

        Liberal in the sense that they’re against determination. And yeah, everything should be that way.

  • Wild Dreams

    I always figured by the time this happened I’d be too old to care so thanks for the Christmas present mouse….I don’t really see the tone of movies like Deadpool being too much of a issue towards including them in the mcu. They had an episode of the Spider-Man cartoon I believe it was with him purposely trying to censor himself which was pretty amusing lol. While I agree his solo movies should stay as is, he doesn’t need the R rating to be entertaining, I have no issues with toning him down for crossovers depending on the team up. Either way, can’t wait for phase 4.

  • Kindofabigdeal

    I hope we get a Quahog in Disneyland.

  • Kronx

    Wait, does that mean Disney owns Firefly, now?

    • noahwayne0

      Probably, but its still overrated.

  • Lenin1959

    WAAAAAIIIIIIT… So I guess the new X-Men movie gets cancelled along with the whole old/current X-Men movie universe? And Avatar will get cancelled, too, until they can find a way to NOT pre-pay for 4 or 5 sequels but just for ONE and see how that does?

  • noahwayne0

    This doesn’t violate any anti trust laws?

  • jonathing

    best xmas present

  • Dakkar

    Now if they could just get Marvel Television answerable to Kevin Feige . . .

Joseph Jammer Medina is an author, podcaster, and editor-in-chief of LRM. A graduate of Chapman University's Dodge College of Film and Television, Jammer's always had a craving for stories. From movies, television, and web content to books, anime, and manga, he's always been something of a story junkie.