Disney Buys 21st Century Fox for $52.4 Billion
Just several hours until Star Wars: The Last Jedi premieres worldwide – the second installment of the Star Wars series under the Disney banner – The Walt Disney Co. has officially bought 21st Century Fox. This is not only big news for the film and television industry, but something for the fans to be excited for as well. Yes – Marvel (which is under Disney) will now have creative control over the properties everyone’s been yearning for: X-Men, Fantastic Four, etc.
Star Wars: A New Hope, the only film left of the Star Wars saga where the rights were still under the control of Fox, will now be absorbed by Disney, who acquired Lucasfilm back in 2012.
While the prospects may sound exciting, lots of questions may be brewing in fans’ minds: Does this change any overall arcs within the MCU, with the inclusion of X-Men and the Fantastic Four? Will a berserker-injected Avengers mean Hugh Jackman reprises his role as Wolverine? Speaking of which, does the X-Men get rebooted yet again? Mickey Mouse meets… Homer Simpson?
Although the infinite fantasy scenarios will continue to play in our minds until they actually happen, there’s something to be said about how we’ll receive the current Fox films and TV shows at home. Recently, Disney had announced that it will be starting its own streaming service, rivaling Netflix. Will Fox properties now be exclusive to this new streaming service? If anything, Disney has definitely gain the upper-hand over Netflix with this new merger.
Note: The acquisition still needs to be approved by the SEC.