8 Things You Need To Know About The Disney-Fox Merger
By Matthew Arcilla
For most of us, the Walt Disney Company’s announcement that it would acquire most of 21st Century Fox’s assets for $52.4 billion is just another unremarkable instance of corporations making out in the boardroom. But the reality is that this development has implications for the future of mass market entertainment that stretch up and down the creation, distribution and consumption of TV and film.
And while it’s great news for stockholders in a company that has continuously generated not just hits, but endlessly licensable cultural touchstones, the deal is actually just a little bit terrifying. That is at least, if the U.S. government doesn’t feel compelled to step in and check the merger against its antitrust laws for anti-competitive behavior.
1. The Marvel Cinematic Universe Is Going To Get A Lot Bigger
If there’s one take away that everyone on the Internet seems to be aware of it’s that Disney now has full ownership of the X-Men and the Fantastic Four, as well as any other related characters. See, when Marvel was ‘just’ a comic book publisher, rather than a massive entertainment empire, it sold the film rights for those characters.
Fox made decent bank on X-Men and Fantastic Four movies, but when the Marvel Cinematic Universe began to take off in the late 00s, it guarded those rights preciously. The Disney-Fox merger means that the House of Mouse regains control of the cinematic futures of the X-Men and the Fantastic Four, and more tantalizingly, the possibility of integrating them into the Marvel Cinematic Universe.
2. All Of Star Wars Is Now Under One Roof
One of the lesser known facts about the Star Wars franchise is that until this merger, Disney’s purchase of LucasFilm in 2012 didn’t include the original Star Wars, that is to say, Episode IV: A New Hope. Although the Lucasfilm company held all merchandising and sequel rights, the original Star Wars was financed and fully owned by Fox. That’s why re-releases of the original unedited trilogy have never been in the cards.
But the circle is now complete. Disney finally has ownership of the Star Wars property in its entirety. Not only could we be seeing re-issues on home video, but perhaps a re-screening of the original 1977 film on the big screen, if the House of Mouse is so inclined. At the very least, Disney could kid around and re-introduce that classic 20th Century Fox fanfare that used to play before every Star Wars film up to Force Awakens.
3. Disney Now Owns More Must-See TV Than Anyone Else
As far as all the major power players of American entertainment are concerned, Fox has the strongest portfolio of TV. Not only does that include iconic classics like The X-Files, The Simpsons, Family Guy and Empire but prestigious cable fare like The Shield, Justified, Bob’s Burgers and The Americans.
4. Disney’s Future in Streaming Is Now More Secure
It’s no secret that Disney has had its eye on the streaming pie for some time now. While Amazon Prime and CBS All Access exist, it definitely sees Netflix as its greatest rival for the future of streaming. Just recently, it pulled all its Marvel and Star Wars offerings from Netflix. Shonda Rhimes, the hit maker on Disney’s ABC network that gave it Grey’s Anatomy, Scandal and How to Get Away with Murder, recently signed with Netflix.
The point is that while other entertainment conglomerates like Sony are content to sell their shows to other streaming companies, Disney wants to be THE streaming company. Disney CEO Bob Iger said last November that the new service they want to set up will be cheaper than Netflix because it’ll focus on quality over volume. With the rights to Fox’s shows, that’s certainly guaranteed.