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Elbren

Disney Close to a Deal to Purchase 21st Century FOX

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Sounds like this deal is fairly close and could be announced as early as next week.  I've seen numbers ranging from $60 - $70 billion.  The first thought of most people would be that Marvel is getting FF and the X-Men back, but the ramifications of this deal are a lot bigger than that.

 

- (the obvious) FF, X-Men and all of their associated characters, villains and lore return to Marvel.  Marvel Studios has been pretty tight lipped on what comes after phase 3 ends with Avengers: Infinity War.  This could be a big reason why.  This could potentially shake up Marvel's current movie schedule, the same way that Spider-Man: Homecoming did.  It's why Thor: Ragnarok was pushed back into November and Inhumans was taken off of their slate entirely.

 

- deal would not include Fox News Group, Fox Sports and Fox Broadcasting Company.

 

- 21st Century Fox would retain its commercial broadcast network, Fox, but Disney would own the company that produces, co-produces or distributes many of the series that now air on Fox, including The Simpsons, Bob’s Burgers, The Gifted, The Exorcist and The Orville, as well as some shows that appear on other networks, such as NBC’s This Is Us, ABC’s Modern Family, and FX’s Legion, American Horror Story and American Crime Story (with FX Productions, also part of the sale).

 

- Disney already owns a 30% stake in Hulu.  This deal would give them another 30%, essentially giving them a controlling interest.

 

- Disney/Marvel would own a piece of Batman.  FOX currently owns the rights to the 1960's show as well as the current show, Gotham.

 

- Disney would gain the rights to some pretty big film franchises like Alien, Avatar, Planet of the Apes, Night at the Museum, Taken, How to Train Your Dragon, Ice Age, Madagascar, Kung Fu Panda, The Croods, etc.

 

- Disney would gain full distribution rights to the 1st six Star Wars films.  

 

- This deal could have a huge impact on Netflix.  Disney is already preparing to pull all of their content off of Netflix after 2018.  If this deal goes through, that could include all FOX content as well.

 

- Disney is preparing to launch their own Netflix-type service in 2019.  One of the biggest questions surrounding this is whether Disney has enough content to justify a paid streaming service to the average consumer (i.e., not just parents with elementary school kids).  The TV and movie rights associated w/ this deal would be a huge boost to their service.  It's worth noting, they've already said that their service will be "cheaper than Netflix".

 

- This deal would already be a punch to the gut for Netflix.  No idea how it would effect Hulu, considering the huge stake it would give Disney in that service.  It would be a controlling interest ... but not full control.  The Mouse doesn't like to share when it doesn't have to and with them preparing to launch their own service ...

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Sounds like the deal could be finalized and announced as early as Thursday.

 

One fix to my previous post.  Something I didn't realize is that FOX doesn't actually own the rights to Fantastic Four.  They share the rights with another company, Constantin Films.  FOX owns the distribution rights and Constantin owns the production rights.  One thing to note is that it looks like Constantin may be making a push more towards it's sports business.  If that happens, they may end up selling off their TV/movie side of the company.

 

One thing I'm unsure about is whether they even have to do anything.  I know the basics of the deal, but not the fine details or wording.  If Constantin makes a FF movie, Disney still owns the distribution rights.  Can't they just block it from release, eventually reverting control back to Disney/Marvel?  Or is the fact that they made a FF movie enough for them to retain the rights?

I'd love to hear from someone who knows more about this (or film rights, contracts, etc.).  

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. A few weeks ago, after the AT&T/Time Warner merger became official, Comcast came in and made a higher offer for FOX.  Their offer was for $65 Bil., but it consisted of mostly cash versus Disney's deal which was mostly stock options.  Disney quickly came back and upped their offer to $71.3 Bil. and changed their deal to include more cash (stockholders have the option of taking up to 50% in cash w/ the rest in stock).  Comcast has remained silent since then, with many believing that Comcast doesn't have the equity to go higher.  They had quite a bit of existing debt and any deal for FOX would have required taking on their substantial debt.

 

FOX's board didn't wait very long to accept Disney's 2nd offer and today, Disney has won U.S. antitrust approval on the condition that it sell all 22 regional sports networks owned by Fox.  This also makes Disney the majority shareholder of Hulu.  With them opening their own streaming service, they could end up selling off their shares in Hulu.  Between that and having to sell off the various regional sports networks, Disney could end up making back a good amount of the money they spent on this deal.  

 

In the immediate future, we may get some kind of news on the MCU front.  Marvel Studios has been very quiet about their Phase 4 movies that begin after Avengers 4.  The only movies they've talked about are the few films coming out next year, going into 2020.  The rumor is that Fiege is basically just waiting on the phone call telling him he's allowed to use the X-Men.

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Comcast has officially dropped their bid to buy Fox.  This was most likely motivated by the fact that the Justice Dept. has appealed the judges decision to approve the AT&T/Time Warner deal.  Comcast hinted at this decision about a week ago when they decided to make a separate $34 billion bid for SKY, one of Europe's largest media companies and a huge part of the Disney/Fox deal.

 

I really hate following big business deals like this.  The implications and fallout from deals like this can be huge, but they just end up making you feel like a little kid in the back of the car.

"Is it done?  Are we there yet?"

"... No ..."

"Are we there yet?"

"... No ..."

"Are we there yet?"

"... No ..."

"Are we there yet?"

"... No ..."

 

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Disney already makes moves regarding their newly acquired FOX properties. (Careful clicking on the links.  There's nothing wrong w/ Cinema Blend, but they're one of these sites that refuse to proof read their articles or hire an Editor, so reading their content can quickly make you feel like a 1st grade school teacher. lol)

 

- Mouse Guard has been canceled two weeks before it was going into production.  This was a motion capture film based off of the Eisner award-winning comic series, starring Idris Elba and Andy Serkis.

 

- The Gifted, a tv show based in the X-Men universe, has been canceled.

 

- It's only rumor at this point, but it looks like The New Mutants may have been delayed again.  It's original release date was April 13, 2018, it was pushed back to Feb. 22 2019, then again to August 2019. 

 

Quote

Fox’s unknown source spoke with genre news site iHorror and said that while there isn’t a new release date in the works, it’ll be “far away from August.” So if you were hoping that 2019 would still see two mutant powered hits coming our way, those odds just reduced dramatically. How far away from The New Mutants’ initial release date is far enough isn’t known, but the invocation of that very phrase is enough to assume that this calendar year is probably off the table. That is, unless Disney and Fox plan to do some sort of stealth drop onto a streaming platform as previously rumored, which honestly wouldn’t be such a bad idea at this point.

 

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