Last year, the entertainment world was rocked by the news that Disney was buying 21st Century Fox's film and TV assets. The deal will have long-reaching effect throughout both the movie and TV world, as a major studio absorbs one of its competitors. However, big deals like this that are worth billions of dollars don't just happen overnight. It's a process that takes years and there isn't a 100% guarantee that it will happen. Both Disney and Fox seem to be hoping for the deal, and they may have it inked and finalized by summer 2019.
21st Century Fox president Peter Rice held a town hall meeting on Thursday (via Deadline) where he reassured Fox Networks Group staffers about the acquisition of Fox assets by Disney. The meeting was mostly an update on the process of the deal and Rice told the crowd that they expect it to be completed by spring-summer 2019 and end of summer 2019 at the latest. This falls within the previous projection that the deal would take 18 months to finalize. While there is no doubt more regulatory hoops to jump through, everything seems to be like it's on track.
The deal is somewhat complicated, so here's a refresher for everyone. Disney plans to be buying 20th Century Fox movie studio, 20th Century Fox Television TV studio and FX Networks, while the remaining Fox assets, including Fox Broadcasting Company, national sports cable networks FS1 and FS2, Fox News Channel and the Fox stations, will form a new company. What this means for Disney is that it will have access to Fox's library of films and TV shows, which Disney can then include on its upcoming streaming service, for example. It also has the side effect of X-Men, Fantastic Four, and Deadpool characters possibly entering the MCU.
At this point, no one really knows the logistical changes that will have to take place at these Fox brands. For example, Disney will own Fox Searchlight, the prestige side of the entertainment giants movie division. The studio has built up quite a name over the years, and in 2017 produced Oscar contending (and winning) films like The Shape of Water and Three Billboards Outside Ebbing, Missouri. Disney has said it has no plans to change anything at the studio, but there are other Fox assets that remain up in the air.
We've still got a while to go before the deal officially becomes a reality. Though the commercial sale was approved, it still has to go through the federal government, which is not a process associated with speed. We'll be sure to keep you posted on all the big developments as the deal looms closer, so stick with CinemaBlend for all updates.
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Why Great Translators Were Crucial For Javier Bardem And Penelope Cruz Making Everybody Knows Associated Press AP February 26, 2019 8:04 pm February 26, 2019 Off 44 Share This Post
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So we spend a long time doing that. Everyone hopes that Ragnarok can avoid the pitfalls of Green Lantern and other ill-fated superhero start-ups, especially since the trailers show Ragnarok really is Marvel's craziest movie yet. For his part, star Ryan Reynolds echoed Waititi's assessment of his first DC movie.
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The crew here at CinemaBlend has seen the new action/horror title and while, like most things, we don't agree perfectly, the general consensus could be summed up as, "a fun time with a movie that has some serious problems." In my review of The Predator for CinemaBlend, I summed it up like this…
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Nick Castle tells Comicbook.com that he'd love to be part of a Halloween sequel, on the condition that a similar arrangement can be made. The 71-year-old writer/director/actor certainly isn't looking to go through what he did in the original film, but if he can be part of the film in a low-impact way, he's in.
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Sep 10, 2010 · Most Profitable Movies of All Time A profitable movie doesn't just do well at the box office. for example, is the highest-grossing movie of 2010 so far, with a worldwide take of over $600 million.
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How Mark Wahlberg's own family inspired 'Instant Family,' according to its director "Instant Family" is loosely based on director Sean Anders' family. Mark just jumped right in, and that
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7 times Thor stole the show in Avengers: Infinity War, from his friendship with Rocket to being the Avengers' biggest powerhouse. Bringing together every major and minor hero in the Marvel Cinematic Universe was bound to result in some fantastically fun character moments in Avengers: Infinity War.
Jamie Lee Curtis Reveals How She's Stayed A Scream Queen For So Long Movies November 3, 2018 No Comments If there's one genre that has relied on long running franchises and sequels, it's horror.
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Speaking to Screen Rant, Deadpool and Cable creator Rob Liefeld has revealed that Bryan Singer planned to utilise Cable in X-Men: Days of Future Past, with the character making a brief appearance
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