Earlier this year saw Disney finally closing down on their acquisition of Fox, and though the deal is done, the merger is still very much ongoing. The good news is, everything could be finalized for Fox as early as January of next year.
Talking to Variety, 20th Century Fox president Peter Rice held a ‘town-hall meeting’ in the Fox lot to clarify what was going to go down once the acquisition closes. As it turns out, the remaining Fox assets will be spun off to a different company called New Fox, and it will be up and running come Jan. 1, 2019.
The merger with Fox/Disney, however, will probably take a longer time, but is expected to be finalized either in the first or second quarter of 2019. It’s also worth noting that Rice himself will be moving over to Disney to be a top TV executive.
Sadly enough, there are going to be some layoffs for the studio, and there have been addresses to the possibility of a culture clash with Disney. What’s interesting is, the company pointed out Disney’s mergers with other studios like Marvel, Pixar, and Lucasfilm, and the core values of each studio still remained intact. This was because they described Disney as “the only media conglomerate founded by an artist rather than a telephone or cable company.”
Surely a lot of people want to know the specifics of what will happen with Fox’s Marvel IP (X-Men and Fantastic Four), but I guess we’ll just have to wait a bit longer for updates on those. What we do know is that Marvel Studios already has plans for the long run, and it could be a while before we get to see both the X-Men or Fantastic Four joining the ranks of the MCU.