It has been a few weeks since we first heard about the possibility of The Walt Disney Company acquiring 20th Century Fox. Though details were slim, if Disney were to buy Fox it would mean that the studio would acquire their entertainment division, which includes film properties, TV properties, Nat Geo, and more.
At first, it appeared that there was a fallout between the two when the then-rumored deal leaked. However, talks started again, and much of the deal remained the same with Fox continuing to retain their sports and news media outlets. Now the deal that looked like it would take months to complete could be done as soon as next week. More on the story below.
According to CNBC, much of the deal remains the same. Disney would acquire 21st Century Fox’s 20th Century Fox film studio and television production assets, leaving Fox with its news and sports assets. Fox has also been talking to Comcast, which owns CNBC. But talks with Disney have been progressing “more significantly.”
There is also the issue of Fox’s Nat Geo, Star, regional sports networks, movie studios, and stakes in Sky and Hulu, among other properties. If and when all is said and done, Fox would only keep their news and business news divisions, broadcast network, and Fox Sports.
Of course, this deal comes with its pros and cons. For one thing, if Disney does acquire Fox, and it sounds like it’s going to happen, it would allow them to finally have access to X-Men and Fantastic Four. This means that the two superhero properties would finally be able to play in the MCU sandbox with no multi-studio deal needed to be made, much like the deal between Disney and Sony to share Spider-Man. What this means for films like Deadpool 2, New Mutants, X-Men: Dark Phoenix and the Doctor Doom standalone film, all of which are in development or in production, is unclear.
There is some worry that if Disney does acquire Fox, everything that Fox had and currently owns would be Disneyfied, meaning it would be watered down. So possibly no more Logan or Deadpool type movies. There is also the fact that if the studios do merge, it would limit the field of studios that directors and filmmakers make their pitches to. But there is speculation that Disney would use Fox to distribute R-rated material.
However, that is all just speculation for now. I’m sure more details of the deal will come out as soon as the deal is done. Again, we will keep you posted as the news of this progresses.