Arts & Entertainment

Disney Buys 21st Century Fox Assets For $52.4 Billion, Paving Way For Avengers/X-Men Crossover

Game-changing deal also includes TV shows like The Simpsons and Modern Family.
IMAGE Marvel/Digital Spy/AH
Comments

Disney has bought 21st Century Fox's entertainment assets for $52.4 billion.

Rumors that Disney was looking to buy out the movie and television company had been reported as early as November; and after weeks of even more speculation, the deal was officially confirmed early on Thursday (14 December).

The deal will see Disney buy Fox's film and TV studio, its 39% stake in pay TV giant Sky, the National Geographic and FX cable channels business, regional sports networks, international networks, and Fox's 30% stake in Hulu.

It will also see Disney CEO Robert Iger extend his contract through 2021, as he had originally planned to exit the company in 2019.

But what does it mean for us viewers?

Well, Disney owns the right to Kevin Feige's Marvel house and Fox has held the film and TV rights to Marvel's X-Men and Fantastic Four franchises.

With Fox now under Disney's corporate umbrella, an Avengers/X-Men crossover is officially possible, and probably pretty likely. (How exciting, right?)

ADVERTISEMENT - CONTINUE READING BELOW

Heck, even Hugh Jackman has said he would love to see Wolverine fight alongside Captain America and co, although sadly admitted the 'ship had probably sailed' on him taking up the role.

The deal also means Disney will now have majority stakes in Fox TV shows too, including The Simpsons and Modern Familywhich we're sure will prove an invaluable asset come 2019 when it releases its very own streaming service, priming Disney to be a major player in the streaming world.

It was previously thought the deal could be worth up to $75 billion. However, the eventual figure disclosed was more than $20 billion less.

Iger said of the deal: "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."

It has also been confirmed that Rupert Murdoch and his familywho hold 39% of 21st Century Fox's voting shareswill hold on to the 53-acre Fox studio lot on Pico Boulevard near Los Angeles.

ADVERTISEMENT - CONTINUE READING BELOW

Additionally, The Hollywood Reporter understands Rupert Murdoch's son James Murdoch could get offered a senior Disney executive role that he would take on once the transaction closesthough nothing has been confirmed at this stage.

This story originally appeared on Esquire.co.uk.

* Minor edits have been made by the Esquiremag.ph editors.

Comments
View More Articles About:
Comments
Latest Feed
 
Share
 
Share
Roma and The Favourite lead this year's list of contenders.
 
Share
With the 150th birthday of Emilio Aguinaldo nearing, re-examine his checkered and storied life.
 
Share
The Parisian label does things differently, and that’s why we’re paying attention.
 
Share
That Metro Manila smog might be affecting us more than we think.
 
Share
The Lifetime Cellphone Number Act is just waiting for the President’s signature.
 
Share
RedDoorz can turn your apartment rental business into part of a hotel chain
 
Share
20 questions we're asking about the plot holes in M. Night Shaymalan's new movie.
Load More Articles
Connect With Us