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Comcast Reportedly Has A Plan To Top Disney's Offer And Buy Fox
We've all been treating the Disney and FOX deal as if it's signed, sealed and delivered, but smashing together two companies of those sizes (with lots of subsidiaries) isn't an easy or timely process. Recent estimates by FOX CEO Peter Rice pointed toward Summer 2019 as a possible closing estimate, which leaves plenty of time for a company like Comcast to swoop in with a competing offer, which, apparently, is exactly what the cable giant is planning to do.
According to Reuters, Comcast is currently in talks with various investment banks with an eye toward freeing up $60B... in cash. The framework of the Disney deal involves a lot of stock, which one could sell for cash, of course, but there's just something about the allure of money that has a certain X-factor to it. Will that be enough to make FOX consider nixing the Mouse House and re-open bidding? At this point, it's unclear. I suspect it depends on whether or not the Comcast offer materializes, which is still an if at this point, primarily for one specific reason.
There has been a lot of chatter about whether two companies like FOX and Disney or FOX and Comcast joining forces would be a good thing for consumers. In fact, the United States Department of Justice was so unhappy when AT&T and Time Warner proposed a merger that its lawyers sued to stop it. That case has wound its way through the legal system, and a decision is expected in June. If the courts say no to that deal, the assumption is Comcast would back away from the all cash offer. Why waste time, energy and effort on something that's likely to get shot down? If the deal goes through, however, then sources close to the situation are saying the offer will almost certainly come.
The truth is it's hard to know, from a consumer perspective, which deal is better. Of course comic book fans want to see Fox and Disney (and by extension Marvel) mashed together in order to create crossover movies (even if it costs them a Deadpool joke in the process). And yes, we'd all like to see the X-Men or Fantastic Four in a future Avengers movie, but those properties are just a tiny piece of the puzzle. Which partner would actually be the better support to continue creating great content across the board is a matter of debate, and we'll probably never know the right answer since there's no way to A-B test these mergers.
With increased competition from streaming services like Netflix and an almost market-wide obsession with companies creating and owning their own content, there are arguably more players at the table than ever before. Whether it remains its own entity or not, here's to hoping FOX or its influence are responsible for decades more worth of incredible movies.
Nov 22, 2018 ; AceShowbiz - Michael B. Jordan helped studio bosses at Warner Bros. create their new inclusion policy.. The "Black Panther" actor is set to star in "Just Mercy", a film about social
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Subscribe To Joaquin Phoenix's Joker Movie Adds Alec Baldwin In A Surprising Role Updates close. Subscribe To Joaquin Phoenix's Joker Movie Adds Alec Baldwin In A Surprising Role Updates.
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Admiral Ackbar met his end in Rian Johnson's Star Wars: Episode IX - The Last Jedi when a First Order attack took his life. The death was somewhat controversial, and puppeteer Tim Rose has expressed his disappointment with how Ackbar died and what happened afterwards.
Admiral Ackbar Actor Calls His Death In Star Wars: The Last
Both in-story and on a macro level for the franchise as a whole, Palpatine's return in Star Wars: The Rise of Skywalker raises major questions that will need to be answered by the time the final
Palpatine's Return For The Rise Of Skywalker Raises Major
One Problem Steven Spielberg Had With Filming Ready Player One
Iron Man isn't the only one getting a new look in Avengers 4. Some of the group are getting a white suit, which looks similar to Hank Pym's tech that he used for the Quantum Realm suit. Pym actor
Avengers Endgame Toys Reveal Plot Details and New Costumes
The 7 Best Movies New to Netflix in March 2019 "Crouching Tiger, Hidden Dragon," "A Clockwork Orange," and "A Separation" lead a robust group roster of movies coming to Netflix in March. David Ehrlich
Top 5 Movies Coming to Netflix in March 2019 - What's on Netflix
So what do you guys think, would you like to see Scott Eastwood play Wolverine. Sure he could add a little more muscle and get rid of the pretty boy look, but he looks more man now than ever before.
Bohemian Rhapsody needs to make a ton of money to be among the highest grossing music movies ever, but it got off to a good start. It hauled in $50 million during its opening weekend, almost
Everything Bohemian Rhapsody Got Wrong About Freddie Mercury
Sony this week has announced Venom and Black Cat movies, which are a bad idea given the studio's mishandling of its Spider-Man fanchise. God, Another Spider-Man Spinoff Movie. There are
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Both in-story and on a macro level for the franchise as a whole, Palpatine's return in Star Wars: The Rise of Skywalker raises major questions that will need to be answered by the time the final credits roll in December.
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