Thursday, 28 June 2018

Disney's a step closer to buying Fox



Fellow Star Wars and Marvel Cinematic Universe (MCU) fans, we're a step closer to seeing the Fox fanfare at the beginning of JJ Abrams' Episode IX and the X-Men (including Deadpool) fighting alongside the Avengers.

The Justice Department has approved Disney's purchase of Fox assets so long as it doesn't encompass sports. The Mouse House is happy to oblige and Fox is seemingly in favour of the increased deal estimated to be worth $71.3 billion dollars.

Comcast had previously put in a counter offer and may do so again. However, it's difficult to envisage a scenario where Disney CEO Bob Iger will fail to secure shareholder approval. Disney needs content ahead of launching DisneyLife, globally, spearheaded by an exclusive Star Wars live-action series produced by Jon Favreau next year.