Bob Iger Offers Update On Disney’s Purchase of Fox
Yesterday, we provided an update on the Disney/Fox situation with Comcast now thinking of out-bidding the House of Mouse to get a hold of 21st Century Fox and various assets.
This morning, Disney CEO Bob Iger gave an update of his own to investors during the Quarter 1 earnings call. Igor updated everyone on how the acquisition is progressing and what’s still to come.
“Before we discuss the quarter and other developments across the company, a quick update about our recently announced acquisition. The regulatory process has begun in numerous jurisdictions across the world. And I spent the last several weeks meeting with a number of business leaders at Fox, gaining insight that will be invaluable when it comes to integrating our organizations once we have regulatory approval.”
Iger said he was excited about the new content that will be produced and the people who will be working on said content.
“After these discussions, I’m even more enthusiastic about the businesses we’re acquiring and the management teams that are leading them. As we said, when we announced this deal, there are three primary strategic priorities fulfilled by this acquisition. It will deliver more content and the production capabilities and talent to produce even more. It will enhance our direct-to-consumer initiatives with platforms, technologies, brands and existing customer relationships to build on. And it will greatly diversify our businesses geographically. All three of these elements sync up perfectly with our own core strategies, and all three are designed to create growth in a very dynamic global marketplace.”
Iger made no mention of the Comcast rumor during his presentation. Disney looks confident that the merger will go through without any issues.
Since yesterday’s news broke, fans have been wondering what this could mean for Fox’s Marvel properties, the X-Men and the Fantastic Four. Today we can also provide an update on that front thanks to one of our readers.
“This new development should not worry anybody looking for the X-Men and Fantastic Four to join the MCU even one bit. And the reason is simple: the film rights to those IPs are non transferable. This means that even if Comcast does out bid Disney and actually aquires Fox’s assets, the film rights for X-Men/F4 would automatically revert back to Marvel. There is absolutely no reason to get worried over this. X-Men and F4 will revert back to Marvel regardless of who ends up with Fox’s assets.”
This comes from Revenger SnakeJerusalem, who frequents our comments sections. Thanks for the heads-up, Snake!
Are you guys feeling a bit better about Disney reacquiring the rights to the X-Men/F4? Do you think that Comcast could still burst Disney’s bubble? Sound off below!