Negotiations between Disney and Fox started in December 2017. More than a year later, the former has finally officially acquired the latter.
To the layman, it might seem like Disney isn't as massive as a corporation as it used to be. Perhaps that has something to do with the iconic animated movies it released for decades. For a long time, it felt as if every blockbuster from our childhood was a Disney classic. While that might have dialed back on that side of things, overall, Dinsey is bigger than it has ever been before.
The reason it doesn't feel as if we get as many animated classics from Disney nowadays is because that is no longer where the money lies. Disney knows that which is why in recent years it has acquired the Star Wars franchise and the Marvel Cinematic Universe. Are there any two franchises that make more money and draw more attention than those in Hollywood right now? Disney definitely knows what it is doing.
It has further affirmed that via its acquisition of 21st Century Fox. It is a long saga that started back in December of 2017. Disney registered its interest in acquiring the company and has been negotiating ever since. Finally, the deal is complete, or at least it probably will be by the time you read this. The deal between the two will be made official at 12:02 am on March 20, reports Entertainment Weekly.
Feels like the first day of ‘Pool. pic.twitter.com/QVy8fCxgqr— Ryan Reynolds (@VancityReynolds) March 19, 2019
So what does this mean for all of our beloved Fox characters? Well, that's the part that is very much still up in the air and likely will be for quite a while. What we do know is that Disney now owns the right to the likes of Deadpool, all of the X-Men, and also Avatar. Could we see Ryan Reynolds pop up as Deadpool in an Avengers movie? We certainly hope so.
So Disney's domination of the entertainment world continues with what is probably its biggest acquisition to date. That acquisition did not come cheap either. Although the deal was initially going to be worth somewhere in the range of $52.4 billion, a rival bid from Comcast drove the price up to $71.3 billion. We're sure Disney can afford it, and they will make that back ten times over should they use some of the brands they have now acquired wisely.