Well Holy Crap, Apparently Disney HAS Bought 20th Century Fox

About a month ago, talks reportedly fell through in a deal in which Disney would purchase most of 21st Century Fox’s assets (including film studio 20th Century Fox). Well, after a few weeks of rumors that the two parties had gone back to the table, it’s now been officially announced that a $52 billion deal has been reached between the two companies.

Disney is purchasing movie studio 20th Century Fox, the FX cable networks, and Fox’s intellectual properties and rights. Fox’s terrestrial broadcast and news arms would of course remain a separate entity.

On the surface, this is exciting, as it reunites all the the Star Wars rights under Disney’s roof (so we might actually get an official, HD release of the unaltered trilogy), and brings most of Marvel’s properties (with the exception of Spider-Man) back under the same roof too. But there’s a more worrying set of repercussions, and it’s the ongoing consolidation of the entertainment industry. This means one less studio producing materials, and that Fox’s broadcast arm can no longer purchase programming from their own studio. This also means Disney will own two thirds of streaming service Hulu as well.

So yeah, this is a bit complicated.

Via Disney

Trae Dorn

Trae is the tallest of the hosts, and he is certain it’s because he is the oldest. This is (at the very least) why he is the baldest. Trae co-founded Wisconsin’s longest running Anime convention No Brand Con and refuses to apologize for it... which he probably should. Trae also writes the webcomics UnCONventional and The Chronicles of Crosarth, which leads many to ask when the hell he has time to actually do anything anymore. He says he has time because he “does it all quite poorly.”