The executives from Marvel Studios are eagerly anticipating the completion of their parent organization, The Walt Disney Company’s, purchase of 21st Century Fox.
The Disney-Fox settlement is reckoned as a game changer in the entertainment industry because it is all-encompassing, affecting the TV, film, and digital entertainment sectors.
Marvel Studios head, Kevin Feige, has been on standby since early this year about the agenda for the 21st Century Fox animated characters.
Although he said that he possesses ideas and dreams that are broad in nature, his main intent is to employ over 10,000 Marvel cartoon characters.
Andy Park, the visual design executive for Marvel Studios, expressed his excitement about the forthcoming completion of the Disney-Fox deal.
As they had always desired to have “Fantastic Four” and “X-Men” in the Marvel Cinematic Universe, he said that they are still awaiting further announcements and decisions regarding the agreement.
Disney’s acquisition of 21st Century Fox is expected to reach full circle sooner. The official prediction is that the onset of 2019 would complete it.
Circulating reports verify that the acquisition process for Disney is estimated to take one year and six months in total.
The timeline of the acquisition of 21st Century Fox’s TV and movie branches appears to be on schedule since the regulatory process began with Disney’s announcement in December 2017.
The events are contingent with the conclusion of the $71.3-billion acquisition arrangement. In the Disney-Fox agreement, the California-headquartered entertainment conglomerate will completely accede all of the entertainment assets of 21st Century Fox.
This will comprise the latter’s TV and film studios, multiple international sports networks, and a portion of Sky plc’s group of networks.
In addition, Disney will gain Fox’s 30 percent share in the streaming service, Hulu, giving the company a sizeable stake in the streaming service industry.
Disney will also acquire the rights to use franchises of “Deadpool,” “Fantastic Four,” and “X-Men” in the Marvel Cinematic Universe.
The entertainment conglomerate’s accession of renowned entertainment brands like James Cameron’s saga of “Avatar,” National Geographic, FX Networks, and the longest running family cartoons, “The Simpsons” are also included in the Disney-Fox deal.
However, Fox will keep the Fox News channel, FS1 and FS2 sports networks, Fox Broadcasting, other local TV networks.
In an official press release from the Walt Disney Company, it affirmed that the Disney-Fox deal would enhance and optimize the entertainment conglomerate’s capability to serve more engaging content and amusement choices to its customers from all over the globe.