The House of Mouse is about to get even bigger and more formidable as an entertainment entity as today the company announced an agreement to purchase 21st Century Fox. The deal is reliant on 21st Century Fox spinning off several of its businesses first, but the vast majority of the media empire will now belong to the Walt Disney Company.
There are a few parts of what was formerly 21st Century Fox that won’t be making the move over to Disney, which were outlined pretty clearly in the announcement:
Immediately prior to the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders.
The price completely eclipses the relative bargains that Disney paid for Lucasarts ($4.05 Billion USD) and Marvel ($4 Billion USD) though 21st Century Fox represents a significantly larger company, including movie and TV studios, television networks, and of course, character rights that brings home even more of the Marvel stable of characters home. There are now only a couple outliers still controlled by Sony and Universal (some of which have been loaned to Marvel/Disney such as Spider-Man) that currently cannot be a part of the Marvel Cinematic Universe. We may end up seeing a Fantastic Four movie that isn’t completely horrible sometime in the not-too-distant future!
Ryan Reynolds had some fun after the announcement, sharing a picture showing Deadpool getting lead out of Disneyland with some tongue-in-cheek adult humor about one of the rides at the park.
Apparently you can’t actually blow the Matterhorn. pic.twitter.com/2bEAAcZrUv
— Ryan Reynolds (@VancityReynolds) December 14, 2017
This does, of course, lead to the question of what will happen to the more mature titles that have been coming out of the 20th Century Fox studio lately. Deadpool, Logan, etc. were very popular, made a whole lot of money, and include graphic violence and quite a few more f-bombs than Disney movies are generally comfortable with. I’d like to think there’s enough room for these types of movies in the Disney stable. Sure, we’re never going to see a Deadpool attraction show up at EPCOT or anything, but Disney would be foolish to turn down the buckets and buckets of cash that people are willing to spend on good R-rated superhero movies.
You can read more of the details of the transaction at the link below. What do you think about Disney picking up 21st Century Fox? Tell us all about it in the comment section below, or on Google+, Twitter, or Facebook.Source: The Walt Disney Company