Its official: Disney and Fox have finalized their merger. According to The Hollywood Reporter on Wednesday morning at 12:02 AM, Disney has completed its over seventy-three-billion-dollar acquisition of Fox’s assets. These include: Fox’s TV and film studios, National Geographic, Indian TV network Star India, and Fox’s thirty-percent stake in Hulu. Meanwhile, a new division of Fox called Fox Corp will operate independently and continue to broadcast Fox News.
Image Via IGN
Well known properties/franchises that Disney now own include: X-Men, Deadpool, Avatar, Alien,and Die Hard. This a massive slate of properties added to Disney’s already impressive catalogue, considering they also own Lucasfilm and Marvel. It is estimated that with this acquisition, Disney will become the most powerful studio in the world, as its films will dominate the box office for the years to come. In a good year, Disney might dominate well over half of grosses and own over thirty-percent of total market share. This is staggering to think about, without even factoring in how this will change our streaming and television choices, especially with Disney+ on the way.
Still, it is exciting to think about potential crossover material, such as Deadpool meeting The Avengers or Wolverine appearing to help fight a threat such as Thanos. But it remains to be seen how this will affect films in general going forward, especially given Disney’s dominance of the genre now. We’ll keep our eyes out, but this is a very exciting and nerve-wracking deal. Earth-shattering, even.
Featured Image Via The Hollywood Reporter