After weeks of teasing the public with reports of false starts and stops, Disney and Fox have settled on a massive $52 billion deal in which all of 21st Century’s film rights are being sold to the House of Mouse. Marvel’s Cinematic Universe is about to get a whole lot more, well, fantastic.
Today, Rupert Murdoch—Fox’s executive chairman—expressed his confidence in the acquisition’s potential to strengthen both companies:
“We are extremely proud of all that we have built at 21st Century Fox, and I firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace in what is an exciting and dynamic industry.”
News of the deal comes after early reports that Fox proper was looking to unload 21st Century Fox in favor of focusing more on news and sports, its two other largest business endeavors. For Fox, this deal means a rather hefty payday but for Marvel, it’s more of a long-overdue homecoming.
While Fox’s X-Men and Fantastic Four movies weren’t always particularly good, the studio was finally in the process of beginning to carve out a rather distinctive and honestly refreshing voice in the superhero movie space with films like Logan, Deadpool, and The New Mutants.