Published: Wed, December 06, 2017
Life&Culture | By Rose Hansen

Disney, Fox closing in on deal

Disney, Fox closing in on deal

James Murdoch is the younger son of 21 Century Fox chairman Rupert Murdoch.

At first, it appeared that there was a fallout between the two when the then-rumored deal leaked.

Interestingly enough, the deal is expected to be finalized as soon as next week. More on the story below.

In the talks that may see Walt Disney buy most of 21st Century Fox, the future leadership of Disney is reportedly on the table.

Comcast Corp., which owns NBCUniversal in Universal City, also figured as a potential buyer for Fox's media assets, Reuters said. According to a report in the Financial Times, James Murdoch is likely to take a senior executive role with Disney because of his knowledge of the Fox assets and the global TV market.

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No reason has been given for the move thus far, but we shall keep you informed. Producers are trying to secure new distribution, The Tracking Board noted.

Of course, this deal comes with its pros and cons.

Additionally, Disney would re-gain the rights to the Marvel X-Men and Fantastic Four film franchises. This means that the two superhero properties would finally be able to play in the MCU sandbox with no multi-studio deal needed to be made, much like the deal between Disney and Sony to share Spider-Man.

The addition of Fox's TV assets and worldwide exposure would be attractive to Disney as it gears itself up to take on players such as Google, Apple, Facebook, Amazon and Netflix with its forthcoming direct-to-consumer offering. It's possible Disney simply had more money on the table.

However, that is all just speculation for now.

It's believed that a decision could come to a head within the next week or so, but until that happens, we'll keep you posted as this situation develops.

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