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Disney In Talks To Buy ‘X-Men,’ ‘Deadpool’ & Other Assets From 21st Century Fox

Disney In Talks To Buy ‘X-Men,’ ‘Deadpool’ & Other Assets From 21st Century Fox

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The Walt Disney Co. sent ripples throughout the entertainment industry when it announced interest in buying some of 21st Century Fox’s prized assets.

A few hours ago, the entertainment-loving world held its collective breath as two superpowers—Disney and 21st Century Fox—were discussing going into business together. Headlines such as “Disney Could Buy 21st Century Fox,” and the like flew into the ether.

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That was quickly dashed as Bloomberg reports that the two companies are no longer talking about giving the other control. Instead, it seems talk has turned into Disney possibly purchasing some prized assets from 21st Century Fox. In buying some of Fox’s assets, Disney could possibly gain two more cable networks to complement its existing line-up of ESPN, Freeform, ABC and The Disney Channel.

Fox also owns television programs such as The Simpsons, Modern Family, and superhero franchises such as X-Men, Deadpool and The Fantastic Four. Under U.S. rules, Disney could not own two broadcast networks, but if it did procure Fox’s movie and TV production studios and international assets such as Star and B Sky B — it could be a game changer for an industry rapidly trying to catch up to the likes of Hulu and Netflix (the former which Fox and Disney share co-ownership of).

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With Netflix, YouTube and Facebook all entering into the pay-TV business in their own way, companies are forced to explore new ways of getting bigger and staying competitive. “There are legitimate synergies in combining these companies, in Disney becoming bigger,” said Brian Wieser, an analyst at Pivotal Research Group. “The bigger question is what is Fox thinking? This is so far removed from anything they’ve ever indicated before.”

I guess we’ll have to wait and see what comes of this, but don’t hold out yet that we will see Wolverine and Captain America in a World War II film anytime soon.

Source: Bloomberg


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