Now that Comcast has withdrawn from the bidding war, Disney is free to proceed with acquiring most of 21st Century Fox’s assets. Shareholders for both companies just approved a $71.3 billion buyout, a larger figure than either of the suitor companies’ earlier offers. They must still divest 22 regional sports networks per the Justice Department’s demands, but should everything go smoothly, the merger is expected to be completed in the first half of 2019.
“Black Panther” is still wearing the box office crown in its second weekend.
With the help of the latest film in the iconic sci-fi franchise, Star Wars: The Last Jedi, Disney’s Star Wars films have eclipsed $4 billion in worldwide ticket sales, according to The Hollywood Reporter.
Entertainment giant Disney today announced that it would buy most of the assets of Rupert Murdoch’s 21st Century Fox for $52.4 billion in stock in a move that reboots the Mouse House’s streaming and television ambitions.
Disney’s will-they-won’t-they relationship with 20th Century Fox has been going on for a few weeks now. Disney has flirted with buying Fox a few times only to back out, but it looks like this time it might actually go through, and possibly by the beginning of next week. But if the deal really does go through, have you even thought about the repercussions? Well, for starters, Disney would literally have part ownership of Batman.
The boats are coming for Disney’s movies, ready to evacuate them from Netflix’s disputed shore. The studio’s deal with the streaming service expires next year; in 2019 everything that smells even faintly of mouse will move to a new redoubt. Disney and Pixar movies will supply the pipeline for a new Disney-owned streaming platform, a company rep said during an earnings announcement. (CEO Bob Iger also said he wasn’t sure if the Star Wars and Marvel movies would be on the same new service or somewhere else entirely.)
Universal Studios Japan recently released the first trailer for its in-construction Super Nintendo World attraction, and now Disney has gone one better by building an actual physical model showing off its upcoming Star Wars Land (unofficial title). Due to open in 2019 at both Disneyland in California and Disney World in Florida, the new area “will transport guests to a never-before-seen planet” — which just happens to look like every weathered, forgettable world characters from the films briefly touch down on to get a ship part or intel or what have you.