Disney Buys 21st Century Fox For $52.4 billion! So What Does This All Mean?
On Thursday, Walt Disney Company have confirmed that it had reached a deal to buy most of the assets of 21st Century Fox, valued at roughly $52.4 billion. This is a HUGE game changer for a number of reasons.
For the average joe, this means that Marvel effectively has almost every single Marvel IP under their belt, enabling them to make feature films with them, aka Avenger Part 2’s about to be lit! If they wanted to, they could even make solo movies out of every single X-men characters and even give us the Fantastic Four that we deserve. It’s very exciting!
But it also has a tremendous affect on Hollywood and Silicon Valley.
Disney now has enough firepower to become a true competitor to Google, Netflix, Facebook, Apple and Amazon in the fast-growing realm of online video. As you remember, Disney did announced plans in August to start stand-alone streaming services and pull its movies off Netflix starting in 2019.
Who knows what the future holds for Disney, on a business level, a lot of concerning this may arise from this but for Marvel fans, this is a dream come true!