Biggest Hollywood studio gets even bigger as Marvel Cinematic Universe (MCU) acquires character franchises in deal with Fox
Thanks to the success of the Avengers and their entire Marvel Cinematic Universe (MCU), Disney by a long shot has become the most profitable franchise in Hollywood today.¬† And with their acquisition of even more character franchises like the X-Men and Deadpool on Dec. 14, this cinematic behemoth will only get bigger.
Thanks to a blockbuster merger between Disney and 21st Century Fox which came together at the the cost of $52.4 billion, the network corporation that already has ESPN, Star Wars, and ABC under its wing will quickly become one of, if not the largest media and entertainment companies in the world.
After weeks of mounting speculation – and a rumored competing bids by rivals Comcast Corp. and Verizon that never materialized – Disney and 21st Century Fox announced early Thursday that the former would acquire most of the latter’s entertainment assets in a deal worth¬†$52.4 billion,¬†according to the official¬†press release.
Here’s what Disney is buying, according to the release:
Combining with Disney are¬†21st Century Fox‚Äôs¬†critically acclaimed film production businesses,¬†including¬†Twentieth Century Fox,¬†Fox Searchlight Pictures and Fox 2000,¬†which together offer diverse and compelling storytelling businesses and are the homes of Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian‚ÄĒand its storied television creative units,¬†Twentieth Century Fox Television,¬†FX Productions and Fox21,¬†which have brought The Americans, This Is Us, Modern Family, The Simpsons and so many more hit TV series to viewers across the globe. Disney will also acquire¬†FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox‚Äôs interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group. –¬†Zerohedge
To give an interesting perspective to how powerful and successful the MCU under Disney has been in recent years, even their 2nd tier superhero movies like Dr. Strange earned more profit than Warner Brother’s Justice League, which carried all of their primary characters such as Batman, Superman, and Wonder Woman.
And while the Fox News and business channels will remain separate from the merger deal, what will be included should be enough to turn Disney into the biggest and most powerful studio in Hollywood.¬† And it also opens the door for them to expand upon their next project, which is to take their brand off of cable and into the realm of subscription streaming.
Kenneth Schortgen Jr¬†is¬†a writer for¬†The Daily Economist,¬†Secretsofthefed.com,¬†Roguemoney.net, and¬†Viral Liberty, and hosts¬†the popular¬†youtube podcast¬†on Mondays, Wednesdays and Fridays.¬†Ken can also¬†be heard Wednesday afternoons giving an weekly economic report on the¬†Angel Clark radio show.