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– by Seth McDonald

disney fox merger

Recent rumors have suggested that Comcast could throw a huge wrench in the deal between Disney and Fox. If finalized the deal would bring several Marvel characters home to the Marvel Cinematic Universe. Today we have an update from Disney CEO, Bob Iger, who spoke about the deal during the Quarters 1 earnings call:

“Before we discuss the quarter and other developments across the company, a quick update about our recently announced acquisition. The regulatory process has begun in numerous jurisdictions across the world. And I spent the last several weeks meeting with a number of business leaders at Fox, gaining insight that will be invaluable when it comes to integrating our organizations once we have regulatory approval.”

RELATED: New Report Indicates That Comcast Could Outbid Disney To Buy Fox

The regulatory approval Iger is referring to will actually open the door for other companies to place bids on the Fox properties, as you can see in the RELATED section, Comcast may be an interested party.

Once Iger and Disney get approval, Iger seems highly motivated to put the acquisitions to work for Disney:

“After these discussions, I’m even more enthusiastic about the businesses we’re acquiring and the management teams that are leading them. As we said, when we announced this deal, there are three primary strategic priorities fulfilled by this acquisition. It will deliver more content and the production capabilities and talent to produce even more. It will enhance our direct-to-consumer initiatives with platforms, technologies, brands and existing customer relationships to build on. And it will greatly diversify our businesses geographically. All three of these elements sync up perfectly with our own core strategies, and all three are designed to create growth in a very dynamic global marketplace.”

I, like many other comic book/Marvel fans hope the deal goes through and Disney is able to bring home The X-Men along with The Fantastic Four and Deadpool. Hollywood can be crazy sometimes, so while we can’t be sure how this will end, according to what Iger had to say the deal seems to be progressing. Stick close to LRMonline for any updates regarding this story.

Do you hope the deal goes through for Disney? Let us know in the comments down below!

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Source: Quarter 1 Earnings Call (via CinemaBlend)