The historic deal between Disney and Fox was announced this morning where it was revealed that Disney has bought assets of 21st Century Fox for $52 Billion. This means they now own the rights to Hulu as well as several film franchises like Avatar and X-Men. Disney CEO Bob Iger spoke about their new assets, and what they will mean for the company going forward.
Disney has had plans to create their own streaming service to rival Netlix and other streaming services, but many are speculating that they will instead transfer their plans to Hulu now that they have control of the service. Bob Iger discussed how controlling Hulu will help Disney expand their direct to consumer releases, and how they will they help Hulu grow.
“Owning a third of [Hulu] was great but having control will allow us to greatly accelerate Hulu into that space and become an even greater competitor to those already out there. We’ll be able to do that not only by putting more content in Hulu’s direction but by essentially having control to the extent that managing Hulu becomes a little bit more clear, efficient and effective.”
He went on to say,
“One of the most exciting aspects of the acquisition is that it will allow us to greatly accelerate our direct to consumer strategy, enabling us to better serve consumers around the world. We believe creating a direct to consumer relationship is vital to the future of our media businesses and is our priority.”
What has really caught the attention of fans, though, is the large amount of film franchises Disney has just attained. Bob Iger discussed how those would be utilized in the future, specifically focusing on Avatar,
“We have the opportunity to expand iconic franchises for new generations of fans just as we have done with Marvel and Star Wars. The obvious example is Avatar, which is still the single highest-grossing film in history. We’ve already worked with James Cameron to span the storytelling into a spectacular new land called Pandora: The World of Avatar, which opened in Orlando earlier this year and we’re very excited to continue that relationship, especially related to the series of Avatar films he’s currently working on.”
He also confirmed that they have plans to incorporate the Fox owned Marvel characters (X-Men, Fantastic Four, Deadpool) into the MCU, as well as reuniting all the Star Wars movies.
We’re also looking forward to expanding the Marvel cinematic universe to include X-Men, Fantastic Four and Deadpool and reuniting all of the Star Wars movies ever made under one roof, which opens new opportunities for that franchise.
Fox has notoriously owned the rights to these beloved Marvel characters that have never been able to interact with the Avengers. This possibility is finally becoming a reality.
Fox also owned the rights to the first Star Wars movie, A New Hope, so now that every Star Wars movie is owned by Disney, it’s safe to assume we will be getting some sort of special release of all the films.
Source – Deadline