The Mouse & The Fox: Disney’s Acquisition of Fox Now Official
The landscape of movies, TV, and streaming is about to change… again.
At the stroke of midnight, on the morning of Wednesday, March 20th, Disney’s acquisition of 21st Century Fox will be complete. The deal, first announced in December of 2017, will see Disney acquire the 21st Century Fox TV and movie divisions. This means that Disney will acquire the rights to the X-Men, Deadpool, and Fantastic Four franchises.
But it’s not just Marvel franchise rights Disney will acquire. This acquisition also includes shows on Fox broadcasting that are produced by the 20th Century Fox production company. (The Americans, It’s Always Sunny In Philadelphia, American Horror Story, The Simpsons, and more). Not to mention movie franchises such as Avatar, Ice Age, others, and not to mention Star Wars: A New Hope distribution rights. Creations from sub-studios such as Fox Searchlight and others will also now belong to Disney.
To be clear, Disney, which currently owns ABC, will NOT acquire Fox broadcasting, as FCC rules prevent any single entity from owning more than one broadcast network. Disney will also NOT acquire Fox Corp., parent company of Fox News. Disney, however, WILL acquire Fox offshoots FX, National Geographic, Fox Deportes, Sky Sports, and the almost 40 percent stake of Sky, the European satellite broadcasting company.
This acquisition bring up many questions: “What will happen to my favorite Fox shows?” “What will happen to Fox shows streaming on Hulu? Will they move to Disney+?” “Will we ACTUALLY see a Disney Deadpool movie?” These questions will all be answered in due time and rest assured, Project-Nerd will have updates on these questions as the answers become clear.
One thing is certain. As a result of this merger, Disney now becomes the most powerful movie studio in history, but what this will specifically do with Marvel Studios and the MCU is still unclear. This merger does come with some casualties. The Hollywood Reporter anticipates “4,000 layoffs” are in store.
This is a developing story. Check back with Project-Nerd for more information as it becomes available.