As Tony Stark mentioned in the first teaser released for “Avengers: Endgame” next month, “Part of the journey is the end.” An epic journey began in December of 2017 when Disney announced its bid to buy the major media assets of 21st Century Fox. On Wednesday midnight, said journey ended.
Effective 12:02 AM (ET) of March 20, entities such as 20th Century Fox, Fox TV Group, National Geographic, Fox Networks, stakes in Endemol and Hulu and more, are now merged with the larger umbrella of Disney. That not bad for an acquisition value of $71.3 billion, even as the remnants of 21st Century Fox is now reorganizing into Fox Corp.
Analysts from Wall Street agree that the megadeal goes a long way in providing Disney with more media content, especially as it primes to launch its exclusive digital streaming platform Disney+. Marvel fans might be gladdened to know that the film rights for “X-Men” can potentially be transferred by Disney from Fox to Marvel Studios, reuniting the two major labels of the superhero publishing brand.
In a press release, Disney CEO Bob Iger named the newly-finalized Fox acquisition as an “extraordinary and historic” moment, adding, “Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.”
And as seen above, the header image for the official Walt Disney Company website now includes Fox franchises in the image montage: “Simpsons,” James Cameron’s “Avatar” and “Deadpool” among others. Speaking of Deadpool, despite the R-rating of its Fox films starring Ryan Reynolds, Marvel Studios boss Kevin Feige is sure that the Merc with a Mouth still has a place for himself in the MCU.
While many are celebrating the conclusion of the asset merging, none perhaps can approach the hilarity level of actor Reynolds himself, posting his impression of how great it is to have his character under Disney.
Feels like the first day of ‘Pool. pic.twitter.com/QVy8fCxgqr
— Ryan Reynolds (@VancityReynolds) March 19, 2019
The first few months following the megadeal going through will be spent integrating the new Disney subsidiaries in the greater organization, as well as addressing the inevitable layoffs that will take place in its wake.