The Disney-Fox merger we’ve all been anticipating has finally come to a close. 21st Century Fox announced in a press release on Wednesday that as of 12:02 a.m. on March 20, The Walt Disney Company’s acquisition of 21st Century Fox will become effective.
It doesn’t go without saying that the Disney-Fox merger has been a long time coming. The multi-billion-dollar deal was first announced back in December 2017 when Disney shared they would be acquiring 21st Century Fox’s movie studio, regional sports networks, FX and National Geographic channels, and Fox’s stakes in Hulu and Sky. Keep in mind, however, that Fox Corp. (still owned by Rupert Murdoch) will remain its own company and still produce Fox News. Still, now that we’ve entered 2019 and the deal is finally closed, we’re eager to learn what will become of it in the future.
The Walt Disney Company and 21st Century Fox are well-known for some of the biggest productions in Hollywood. Now that Disney has taken over Fox, we’re excited to see what’s in store for entertainment. Disney is producing several new films and shows that will stream exclusively on Disney+. And because they announced the entire Disney Vault of films will be available on the new streaming service, we’re interested in whether 21st Century Fox productions will come to Disney+ in the future. How awesome would it be to stream “X-Men,” “The Lion King,” and “Deadpool” all on one platform? Sign us up.
Ryan Reynolds, star of “Deadpool,” even referenced the Disney-Fox deal on his Twitter account. Reynolds has been known to joke about an R-rated Deadpool joining the Avengers, so it’s awesome to see him making light of an acquisition that has garnered mixed reactions among Disney and Fox fans alike.
Feels like the first day of ‘Pool. pic.twitter.com/QVy8fCxgqr
— Ryan Reynolds (@VancityReynolds) March 19, 2019
As we’ve previously shared, the Disney-Fox deal has caused its fair share of speculation. Since the 2017 announcement of the merger, fans of both Disney and Fox productions have wondered what the acquisition would mean when it comes to their favorite shows and movies. While Disney has announced they would keep films like “Deadpool” R-Rated after the merger, the company hasn’t offered the same consolation when it comes to the larger issue sparked by the acquisition: job security. Several news outlets have reported that thousands of layoffs are likely to occur in the wake of Disney’s acquisition of Fox, though Disney has yet to confirm nor deny this.