Back in November 2017, it was first reported that Walt Disney Company were in talks to purchase 20th Century FOX.
On Tuesday, March 19, 2019, the merger is official, Disney and FOX have become one. Read on for more details…
CelebNMovies247.com reports that the two companies approved the merger.
With the merger confirmed, 20th Century Fox is official 21st Century Fox and is part of the Walt Disney Company. Nothing will be the same ever again.
The ownership transition will happen at 12:02 a.m. eastern time on March 20th, but for all intents and purposes, the deal is done, according to a press release from 21st Century Fox.
CinemaBlend reports:
There’s really no understating just how big a deal this is in the entertainment industry. A company that used to be one of the major film studios in the world, one of the “big six,” is now a subsidiary of another. Whatever your thoughts on Fox or Disney, there’s now less competition among the remaining film studios. That’s not necessarily a good thing. If nothing else, it’s a major change to the industry landscape that will surely have repercussions, some we may not even be able to predict.
On the content side, there certainly are some potentially good things on the horizon. Fox had the rights to make and distribute films about Marvel’s X-Men and Fantastic Four as part of a deal the company had made before being acquired by Disney. This deal will bring the rights back to Disney, setting up the opportunity to see all the characters become part of the popular Marvel Cinematic Universe franchise, which certainly has the potential to add new and interesting stories.
Here is the Big Change with the Disney/Fox Merger:
Fox also had a number of rights attached to the original Star Wars movie, which will now also revert to Disney, who acquired Lucasfilm back in 2012.
While the merger completed except for the ink drying, it will likely still be some time before we really begin to see it have an impact on the industry. Fox has numerous films in various stages of production that will almost certainly continue forward and be released just as they would if 21st Century Fox was still an independent entity.
Things to Expect from the Disney/Fox Merger:
- It’s also possible Disney could hit the ground running.
- Expect to see Fox and Disney’s films moved around the schedule so that they don’t compete with each other.
- There’s also the question of the two oft-delayed X-Men franchise films,
Dark Phoenix and The NewMutants . - Dark Phoenix is set to release on June 7,
2019 two weeks before Toy Story 4. We will see how things play out.
At the end of the day, Disney knows how to take out the competition, just acquire it and dominate everything.
Tomorrow, everything changes. It’s the end of an era, as a company that’s been around since 1935 becomes part of the Disney machine.
