Disney’s long awaited merger with Fox is finally set to be announced next week.
After months of speculation, the House of Mouse confirmed yesterday that the $71.3 billion acquisition of large chunks of 21st Century Fox, including its film and TV studio, is set to be confirmed next week.
As The Hollywood Reporter claims, the deal is expected to become effective at the start of next Wednesday (March 20).
While Fox News and the Fox broadcast network will operate separately, Disney’s acquisition means that it is now controlling Fox’s film and TV studio, National Geographic, FX, and a significant 30% stake in Hulu.
The acquisition means that Disney’s control of iconic franchises grows ever stronger – including the Marvel superheroes that were previously controlled by Fox.
It now means that Deadpool could potentially join forces with the Marvel Cinematic Universe, despite fears that the R-rated movie could be at odds with the family-friendly nature of Disney’s Marvel properties.
“We will continue in that business,” Bob Iger told Disney investors last month. “There’s certainly popularity with those types of films.”
Earlier this week, Disney also unveiled footage of their Star Wars: Galaxy’s Edge theme parks which are expected to open in the coming months.
The parks will see fans being flung into the battle between the Resistance and their enemy, with interactive elements that allow park guests to take part in a story. There will also be the chance to fly the Millennium Falcon, interact with droids and creatures in the shops and cantina and hear new music from Star Wars composer John Williams.