The day every Marvel Comics fan has dreamed of has finally arrived! Rumblings about Disney possibly making quite a big purchase for certain assets of Fox have been going on for weeks now. While it went back-and-forth and almost feeling like it was to good to be true, new broke this morning that the Mouse House did in fact finalize a deal worth $52.4 billion for 21st Century Fox. More below.
Variety exclusively revealed the news this morning, where they said Disney has “set a $52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire.” When word first came out about this enormous deal, it was reported that the deal would only consist of the film and television departments, then talks stalled. Just a theory here, but it seems like stalling talks or conversations may have been stretched to include more than that, such as sports.
Without getting into the major details, everything basically stays the same, but with minor adjustments. Everything pretty much stays the same, just with Disney executives and people being implanted across the conglomerate that is Fox. But not all Fox properties went to Disney, as such things like Fox Sports, Fox News and certain Fox TV stations will be grouped together in “a new company that will have revenue of $10 billion and earnings of about $2.8 billion.” That also includes the 20th Century Fox lot in Century City. But of course, those aren’t the real details you’re interested in.
Yes, this does mean that Disney now owns the right to X-Men, Deadpool and Fantastic Four, which means Marvel Studios has come full circle. Obviously this is the piece the deal more than likely revolved around, and when the word was dropped this morning, it was also announce that the characters of X-Men, Deadpool and Fantastic Four would in fact be joining the Avengers and Guardians of the Galaxy inside the Marvel Cinematic Universe. However, that won’t happen for at least two years, as it will take around 18 months for the deal to go through. That’s not a bad thing, as Marvel has their universe slated through the end of Phase 3 and Fox is already heavily in on next year’s Deadpool 2, X-Men: Dark Phoenix and New Mutants. If those films prove to succeed, Marvel may rethink reshuffling and keep them in their own part of the universe, for now anyway. But it’s hard to go without saying that myself and everyone else in the community don’t see Marvel going forward without considering the possibility of Doctor Doom or Galactus being the big bad following Avengers 4.
This is all great and dandy, and the fanboy inside of me is screaming at the possibility of seeing all of these characters on screen together, but at what cost did it come? Disney is a fantastic company, and they let their own assets – Marvel, Pixar, ESPN – do their own think while managing from the top, but will that be the same with Fox? How many people are going to lose jobs? Will Disney let Deadpool and other characters be who they’re meant to be and make R-rated films? While I would love to say that we’ll all get the answers we want, deals and numbers like this always come with some kind of loss.