Despite the noise from Comcast, Fox is moving forward with the Disney-Fox merger, according to the chairman of 21st Century Fox, Lachlan Murdoch.
Although fans of the Marvel Cinematic Universe, would love to see this come to pass, there’s more at stake than just having an epic Avengers vs. X-Men crossover. The two media giants are looking to join the ranks of the streaming world and plan to rival the likes of Netflix and Hulu. In order to fulfil their goal, Disney and Comcast have their eyes set on the media property of 20th Century Fox.
It was reported by the Guardian that, “The Murdochs have said they prefer Disney’s deal because its all-share offer is more tax efficient.” An all-cash offer from Comcast of what has been reported at a whopping $60 billion would be heavily taxed if the transaction were to take place.
On June 11 a shareholder’s letter was released that revealed that an official vote would take place on July 11, 2018. The letter, which was shared on the American social news aggregation Reddit, explained how the companies would proceed with the merger and discussed its viability for the shareholders of 20th Century Fox.
However, the merger will not leave the companies’ staff unscathed. If the merger is successful, analysts have predicted a potential loss of 5,000 to 10,000 jobs among the three companies.
At Metahuman Entertainment, we can’t help but think that Marvel fans would prefer a Fox-Disney merger and it appears that the Murdoch family is leaning in that direction.
Let’s discuss what would happen if, on July 11, 20th Century Fox shareholders elect Disney as the winning party.
X-Men, Fantastic Four, and Deadpool Will Be Apart of the MCU
20th Century Fox began making superhero movies long before Disney with limited success. Kevin Feigi, President of Marvel Studios, has been open about his plans for the MCU with or without X-Men. It makes it difficult to make plans without an end in sight and Feigi, is just waiting to pull the trigger. Sources say that he is close to the deal and would be one of the first to know, so he can implement his master plans as the MCU enters Phase 4.
Doctor Doom and Galactus
If you’re looking for a longer list of ‘cool’ enemies to join the ranks of MCU’s villains, you might enjoy the likes of Galactus the Devourer of Worlds or the metal monster Doctor Doom. Both would most likely make great additions to the MCU based on the success of previous major MCU villains. You’ve got to admit, the MCU put on it’s thinking cap when brainstorming for its vast array of villains (Thor and Captain America: Winter Soldier).
Acquisition of X-Men Television Shows: Legion and The Gifted
Although Disney’s strength in television isn’t what it once was, there are two notable X-Men shows that Disney would acquire: Legion, a story of Professor Xavier’s son, and The Gifted, which chronicles, the Trask family and their involvement in the Marvel series. If the Disney-Fox merger were successful the company would own rights for both of the titles and would quite literally monopolize the MCU on both television and the big screen.
Disney Standalone Streaming Service. Contract Ending for Netflix with Disney
With its contract ending in 2019, Disney plans to launch its own streaming site, which if the 20th Century Fox merger goes through will include their media library. It would be a huge win to have 20th Century Fox shows on their own streaming site as opposed to contracting Netflix. The end of the contract announcement for Netflix and Disney happened on August 8, 2017. Don’t fret, you’ll still be able to see your favorite Star Wars shows up until the final instalment of the three-part trilogy, but by the time the contract ends Disney content will slowly be unavailable.
60 Percent Ownership of Hulu
Bob Iger, CEO of Walt Disney Company, noted that Hulu would become, “an extension for more mature Fox series’.” However, with Walt Disney Company being the majority owner of Hulu, they basically control the rights to do whatever they decide. The current owners of Hulu are NBCUniversal, 21st Century Fox, Turner Broadcasting System, Disney-ABC Television Group, and Fox Entertainment Group.
Igor also noted that “owning roughly a third of it was great, but having control of it [Hulu] will enable us to greatly accelerate Hulu into that space and become an even more viable competitor to those that are already out there.”
Obviously, there is more at stake than just the Marvel Cinematic Universe but we can’t help but want all our friendly marvel superheroes under one roof. What are your thoughts? I would think a merger of this size would make sense, but do you see any downside?
Let us know in the comments below!