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Why Disney And Fox Haven't Announced Their Plans For The Merger
Ever since rumblings first surfaced that Disney had talks about buying 21st Century Fox's film and television assets back in November, everyone has wondered what the future of each company would look like after one of the biggest entertainment mergers in history. Half a year and a bidding war later, shareholders for Disney and Fox voted to approve the merger of the two companies in July. Even though that crucial hurdle has now been cleared, Disney and Fox haven't announced their plans and vision for the merger. 21st Century Fox CEO, James Murdoch explained the reasoning for this, saying:
We haven't been, and we won't be, getting into any gun-jumping around trying to guess what comes next. We're trying to operate the business on an as-is basis as effectively as we can.
Speaking on a conference call with Wall Street analysts, as reported by Deadline, James Murdoch seems to not want to put the cart before the horse, and announce any grand plans before all the t's are crossed and the i's dotted. Fox will be essentially conducting 'business as usual' and operating the company as it normally would if there weren't a $71.3 billion merger in the offing. One imagines that there probably are plans in the making for the merger, but they won't be announced just yet.
This conservative approach is likely so both studios could cover their bases, at least until steps move forward for the merger. The shareholders of both companies have approved the deal and it has been approved by the Department of Justice, with conditions like requiring Disney to divest of Fox's regional sports networks. Those were the two biggest hurdles to clear, but the deal still needs the approval of a few more regulatory agencies around the world before it is finalized. James Murdoch stated that Fox does not expect the Disney deal to close before the first half of 2019.
It was previously suspected that James Murdoch could be in line to replace Bob Iger, but it now looks like he will be leaving the company to go into venture capital. Regardless, the impact of this deal on the companies and the industry will be significant, and beyond just what it means for our favorite film properties and how it impacts streaming services. People's jobs will also be affected, but it looks like we will have to wait a bit to find out exactly how.
Although many film fans are excited and curious about what this deal portends, I wouldn't expect to hear about Fantastic Four or the X-Men in Phase 4 of the MCU until the ink dries on this deal sometime next year. We'll keep you updated on this deal as it rounds the bases towards home. Keep it locked to CinemaBlend for all your movie news and check out our premiere guide for all the biggest movies still to come this year.
Elizabeth Moss Cast In The Invisible Man Remake by steve wandling May 23, 2019, 12:00 pm Blumhouse and Universal announced that Emmy winner Elizabeth Moss ( The Handmaid's Tale, Us) is set to star in the remake of the 1933 horror classic The Invisible Man from writer-director Leigh Whannell ( Upgrade) .
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Star Wars Puppeteer Brian Herring Announces a Wrap on BB-8 for Episode IX As the end of filming for Star Wars: Episode IX draws closer to the end, we expect more announcements about actors and crew wrapping up their part in the film's principal production.
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Something is stalking on your screen, primed to to kill all your free time: The big, boo-tiful list of Rotten Tomatoes' 150 Best Horror Movies of All Time! We've tweaked this guide behind-the-scenes ever since its publication a decade ago, but now we're delivering the biggest update yet.
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'Aquaman' Film Review. At one point or another, there was a moment where you heard someone joke about DC Comics' resident underwater hero, Aquaman. Upon debuting in the 1960's, the character was the butt of endless jokes about his fish companions and judged for his apparent limited practicality of his marine powers.
Aquaman Has Screened, Here's What People Are Saying
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Michelle Yeoh and the rest of the Guardians of the Galaxy cast seem to believe that the tweets of Gunn's past are uncharacteristic of him today as a person and as a filmmaker who has led them into two successful MCU films. Before his firing, James Gunn had been working on the script for Guardians of the Galaxy Vol. 3. With some rumors
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One Key Way The Predator Will Link Back To The Original, According To Boyd Holbrook Movies May 11, 2018 No Comments When the new Predator movie was announced in summer 2014 , writer/director Shane Black stressed an important point about the project: it wasn't going to be a reboot .
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Josh Gad Is Now Totally Trolling Mark Ruffalo About Frozen 2 Spoilers. 16 Feb 2019. 17 Comments Off on Josh Gad Is Now Totally Trolling Mark Ruffalo About Frozen 2
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