Disney Buying Most Of 21st Century Fox For $52 Billion And Of Course ‘The Simpsons’ Predicted It
Disney is buying most of 21st Century Fox for $52.4 billion, in a landmark deal that will absolutely change the landscape of movies, TV, and sports coverage. In a call with investors and analysts, Disney chief Bob Iger said this of the massive acquisition, “Bringing Disney and Fox together will combine some of the world’s most iconic entertainment franchises.” In a press release, the company said, “Disney will be able to offer more ways than ever before to bring kids and families the world and all that is in it.” Meanwhile, Fox’s Murdoch family will streamline their company and depart from the entertainment industry to focus more on news, business, and sports.
The behemoth transaction will include 21st Century Fox’s film and television studios, cable entertainment networks, and international TV businesses. In the mega-deal, Disney will get some valuable properties including some Marvel superheroes that Fox had owned. The $52.4 all-stock sale “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.” Before Disney bought Marvel in 2009, the comic book giant sold the rights of several popular characters to Fox and other studios. Fox still has three X-Men films in various stages of post-production and set for release in 2018, so this part is not immediate. Ryan Reynolds AKA Deadpool and Chris Evans AKA Captain America weighed in on the possibilities of their characters being owned by the mighty mouse monopoly.