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ibusinesslines.com July 17, 2018


Murdoch 'to be Disney CEO' after Fox deal

06 December 2017, 06:04 | Myron Mathis

Murdoch 'to be Disney CEO' after Fox deal

Murdoch 'to be Disney CEO' after Fox deal

As reported by CNBC, Disney and Fox a very close in closing the deal of the century.

Interestingly enough, the deal is expected to be finalized as soon as next week.

Disney purchasing Fox's many assets could be as expensive as over $60 billion according to a new report that surfaced earlier today. His father and brother will remain at Fox to focus on news and sports assets.

But it seems likely that-in the event of a deal-Murdoch would get a senior executive role at Disney no matter what.

Rupert Murdoch's 21st Century Fox is reported to have resumed talks with Walt Disney over a sale of "most" of its business, including its Sky stake.


Comcast Corp., which owns NBCUniversal in Universal City, also figured as a potential buyer for Fox's media assets, Reuters said.

At present, Disney now own the rights to the Marvel Cinematic Universe and Fox own the X-Men and Fantastic Four franchises.

The news has us salivating at the possibilities of an X-men/Avengers crossover and having mutants in the Marvel tv shows would be pretty damn cool. What this means for films like Deadpool 2, New Mutants, X-Men: Dark Phoenix and the Doctor Doom standalone film, all of which are in development or in production, is unclear.

"There's nothing to add to that other than the nothing we've said so far", 21st Century Fox CEO James Murdoch said at Tuesday morning's UBS Global Media and Communications Conference. There is also the fact that if the studios do merge, it would limit the field of studios that directors and filmmakers make their pitches to.



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