By Tom Holste
Dec. 14, 2017
Some of the terms of the deal are even weirder than initially expected: Disney will own FX Networks but not the Fox Network. Disney will own both ESPN and Fox Sports. Fox will own a controlling interest in Hulu, but are already planning on launching a streaming service to compete with Netflix in 2019.
According to some of the reports I read, this deal is bigger than any of Disney’s previous acquisitions combined (for Pixar, Lucasfilm, the Muppets, and Marvel). Disney will now own about a third of the entire entertainment industry.
Many questions still remain, the biggest one in my mind still being: If Fox Networks will continue to function independently, who gets to own the logo? Will one of them be forced to change their name?
If Disney gets to use the Fox logo, then I can see them using that brand for their R-rated releases, such as the Alien and Die Hard movies. If Fox Networks keeps the logo, I expect that Disney will revive its nearly defunct Touchstone Pictures. Lately, Touchstone has been a shell of its former self, only existing to distribute DreamWorks live-action movies (and DreamWorks is moving over to Universal). But if Fox keeps the logo, I expect Touchstone will release the Alien movies and so forth.
Other weird aspects of this deal:
–Universal Studios, Disney’s chief competitor in the theme park arena, recently opened a Simpsons area of the park. They’ll now be licensing those characters from Disney. Since Disney also owns the Marvel characters, which are in Universal due to a prior licensing arrangement, Disney will now own about half of the characters in the Universal park.
–Disney will own Buffy the Vampire Slayer, Angel and Firefly (although those will also probably be distributed under the Fox logo or Touchstone, as mentioned above). Expect their long-running comics at Dark Horse to end, and for new series to start up at Marvel. The same thing happened to Star Wars.
–Disney will own all of Fox’s animated movies, including the Ice Age films. Expect those characters to show up in the parks soon. Anastasia will also technically become a Disney princess, although whether that will just be a humorous footnote or something we’ll actually see in the parks remains a question.
There are good aspects to this deal. (And not everything mentioned above was bad, just sort of weird.) Kevin Feige’s track record with producing excellent Marvel movies is unparalleled. I expect the upcoming X-Men movies to be amazing. And we’ll probably finally get a good Fantastic Four movie for once.
Anyway, one source I read said it would take a year for the deal to finalize, and the current Fox movies in production (Deadpool 2, X-Men: Dark Phoenix) will probably reach completion before the big reboot. It’ll be fascinating to sit back and watch what happens in the coming years with possibly the biggest entertainment merger in history.