12:02 A.M ET the morning of March 20th.
The long awaited negotiation will finally come to an end and Disney will own 20th Century Fox for $71.3 billion.
It first started December of 2017 when Disney showed interest in purchasing 20th Century Fox. It went back and forth, and then mid way through 2018, Comcast joined the bidding war.
There is expected to be around 4,000 people laid off, much of them board members of 20th Century.
The only thing Disney won't own if Fox Corp, which is Fox News. That is staying with Rupert Murdoch (former head of 20th century).
Here is an overview of everything Disney now owns as part of the deal.
I personally am excited to see what Marvel will do with the X-Men franchise, as Fox has been really bad with it. Not to mention the new X-Men movie, Dark Phoenix, looks like a train wreck. Its going to be interesting to see what Marvel has in store for it. I am sure we are going to get a reboot of the franchise some time soon.
Not to mention the Fantastic Four hasn't had a good movie at all. At least X-Men was kinda ok, but poor Fantastic Four has been total trash since the first movie.
Disney now owns majority shares of the streaming service "Hulu" plus they are making their own streaming service this year called "Disney+" which is going to have its own original content on it. Disney also said that they are pulling all of their movies\tv shows from Netflix when the contract runs out to stream on their own service. In fact, Captain Marvel is going to be the first Marvel movie to be released exclusively to the new platform.
I am mixed on this. I don't like when big companies buy other big companies, but I am happy that Marvel has gotten all of their properties back under one roof. I want an X-Men vs Avengers cross over. Hopefully in due time.
As always, this has been James with Game Fix. Game on everybody!