Walt Disney has officially bought 21st Century Fox for USD52.4 billion, a deal, which effectively makes the company the biggest entertainment company in the world. The deal will see Disney taking control of Fox’s movie and television studios as well as intellectual properties, regional sports network as well as Fox’s international holdings. The deal is structured to take place across 18 months.
For fans it paves the way for some cool crossovers and collaborations, which could mesh together some pretty interesting stories. For starters, both X-Men and Fantastic Four franchises can now shift back to Marvel, resulting in these characters finally having a part in the MCU. More importantly, the deal also factors into Disney’s long-term plan to stay as the number one player in the global entertainment market.
It’s no secret that Disney is planning to roll out its own streaming service, which will take on Netflix, in the years to come. Having Fox’s back catalogue as well as its sports and entertainment assets clearly fits into this blueprint. The Simpsons for example will now be part of Disney’s catalogue of programs for this deal.
With a streaming service on the cards as well as potential expansions of properties into films, series and theme parks, the Disney- Fox buyout is a rather big deal. How it will pan out remains to be seen but the prospect it enticing for movie and television fans. But that said, it also allows Disney to monopolise the industry, which could affect consumers in the long run.