Disney CEO Says Fox Deal Will Close “Soon.”
Disney’s pending acquisition of Fox’s film and TV studio, FX, Natgeo, and 30% stake in Hulu is a big deal, mainly because of the number of properties that the House of Mouse will have access to. But for many superhero fans the big deal is that it will help consolidate the Marvel film rights under one roof. For a long time now, Fox has had the film and TV rights to a number of Marvel IPs, including the X-Men and Fantastic Four.
According to Walt Disney CEO Bob Iger, the $71.3 billion acquisition deal will close very soon. This means Disney is close to having almost all of the important pop culture favorites under its wing – Star Wars, Marvel, Pixar, etc. But the deal is not without its challenges. Just last February, Iger flew to Brazil in order to secure key approvals for the sale, but Brazilian regulators are still undecided on whether the deal can be approved without Disney selling one of its two sports channels in the country – Fox Sports and ESPN – in a bid to make the company compliant with Brazil’s antitrust laws.