Disney, Fox closing in on deal

Carla Harmon
December 6, 2017

Disney is reportedly closing in on a deal to purchase 21st Century Fox's movie and television production operations.

Fox boss James Murdoch, according to a report by the Financial Times, is being considered as a potential successor to Walt Disney chief executive Bob Iger if the two companies reach agreement on a possible takeover. His father and brother will remain at Fox to focus on news and sports assets.

This deal will include most, but not all of, Fox properties.

It is rumored that this deal will be valued at above $60 billion. The sale would include Fox's movie studio, cable channels and worldwide units-Sky and Star India.

Of course, this deal comes with its pros and cons.

The Fantastic Four may finally be able to team up with the Avengers. And while a deal between the two isn't guaranteed, "It does appear more likely than not that they will, and could announce a deal as soon as next week". If Disney buys Fox, that would give Disney the rights to all of the Marvel characters that Fox owns. So possibly no more Logan or Deadpool type movies.

Sadly, the Marvel film universe was never complete with the X-Men and Fantastic Four owned by a rival film studio. There is also the fact that if the studios do merge, it would limit the field of studios that directors and filmmakers make their pitches to.

However, that is all just speculation for now.

CNBC are reporting that the Disney/Fox deal could come to fruition within the next week. Again, we will keep you posted as the news of this progresses.

Other reports by iNewsToday