Disney and 21st Century Fox just made history.
After rumours of a Disney buyout, it looks as though the sale is going ahead. That’s right – 21st Century Fox is selling off its film and TV assets in a staggering $52.4 billion all-stock deal. The deal marks a historic merger between the two companies, with Disney bolstering its film and TV divisions with a slew of former-Fox projects.
And yes – that means the X-Men and Fantastic Four will be returning to Marvel.
Here’s some of the key elements of the Disney / Fox deal:
- 21st Century Fox assets have been valued at a whopping $66.1 billion, including a $13.7 billion in 21st Century Fox debt, or $28 a share. The enterprise value is of the deal is $69 billion.
- Disney CEO Bob Iger has extended his contract. The popular Disney boss will now be staying at the company to oversee the integration of assets until 2021.
- 21st Century Fox shareholders will get Disney shares at a rate of 0.2745 Disney shares for each Fox share held.
- 21st Century Fox will keep hold of Fox Broadcasting Co., Fox Sports, Fox News, Fox Television Stations and a handful of other assets, essentially turning them into a new company with a revenue of $10 billion and earnings of about $2.8 billion.
- The 20th Century Fox lot in Century City will remain with the new Fox company.
- 21st Century Fox will continue to pursue its acquisition of the remaining 61% stake in Sky. The intention is that Disney will take this over as the Disney-Fox deal completes.
- Disney expects to make $2 billion in cost savings by combining both company’s overlapping businesses within two years.
Clearly, there’s a lot more to it than that – especially when it comes to integrating Fox’s assets with Disney’s… and it’s likely going to mean a big shakeup for the film and TV output of the former-Fox company.
Essentially, there’s a lot of new possibilities when it comes to the Disney / Fox deal. As many fans have discussed, this means that the X-Men and Fantastic Four (not to mention Deadpool) can finally join their Marvel pals on the big screen.
And this has already been hinted at in an official statement.
“The agreement also provide Disney with the opportunity to reunite the X-Men, Fantastic Four and Deadpool with the Marvel family under one roof and create richer, more complex worlds of inter-related characters and stories that audiences have shown they love.”
It’s certainly an interesting prospect… and it’s something the fans have been clamouring for, for a long time. But it’s not the only interesting possibility raised by the buyout. 21st Century Fox owns a lot of interesting franchises, and it will be interesting to see what Disney makes of them.
A Disney Alien movie? Why not… the possibilities are endless.