Fox President Peter Rice Announces Merger Conclusion Date

Image copyright 20th Century Fox 

The industry changing Disney/Fox acquisition was one of the most talked about things of the end of last year/start of this year.

For a fan, it meant that Marvel could connect the previously owned Fox properties – such as the X-Men and Fantastic Four – and much more besides. And from a business point of view, it gave Disney an outstanding amount of control of media outlets, with the likes of Fox Sport, Fox News, and Sky Broadcasting all included in the mix of properties up for grabs.

And whilst coverage has slowed down in recent months, the process has been soldiering on as behind the scenes talks continue.

Recently, 21st Century Fox President Peter Rice gave an update in the form of a (loose) deadline as to when the acquisition will be finalised.

As reported by Deadline, Rice told Fox Network Group staff that the whole process will likely conclude by the end of summer 2019.

Whilst Disney won’t gain control of all of Fox‘s properties – some exclusions include the Fox Broadcasting Company, Fox News Channel, sports networks such as Fox Sports 1 and Fox Sports 2 (FS1 and FS2) – they will gain control over a lot of Fox’s networks, including the aforementioned Sky.

Apparently, however, the whole Marvel situation was not discussed, and it will likely remain tight-lipped until the process concludes next year.

The impact of bringing two, high-powered companies together has yet to be realised, and there are some worries that, given that most of Fox‘s broadcasting comes from 20th Television, this might mean some sacrifices could be made at Disney.

It’ll be a long while before the ramifications of the deal are realised and until then, no-one really knows for certain what will transpire.

For fans of Fox‘s current content, fear not, as the aforementioned Fox Broadcasting Company, Fox News Channel, FS1, and FS2, as well as several other key Fox stations, will become a new company that Rice said will probably simply be called “Fox“.

 

-James, 14/04/2018

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