What the Disney-Fox Merger Means for Book Lovers
Numbers are weird, abstract things. Nowhere is the frailty of human communication clearer than when discussing numbers, especially when those numbers are stupidly large. For example, one million. That’s a big number. A bigger number, a much bigger number, is sixty billion. That’s what Disney is reportedly about to pay to purchase assets from 21st Century Fox, according to CNBC. $60 billion. This could be announced as soon as early next week.
So assets here refers to a big portion of Fox’s entertainment presence. Specifically, these would include Fox’s film studio, TV channels FX and Nat Geo, as well as stakes in Sky and Hulu. $60 billion. Fox is looking to sell off its movie and television assets, but will retain its news, sports, and broadcasting stations.
This acquisition would have pretty major implications for the entertainment industry. Many are happy, but some are concerned that this would limit consumers’ choices. Some fear Disney will subdue 21st Century Fox’s recent risk-taking (e.g. R-rated comic book movies like Deadpool and Logan). Also, it’s another purchase for Disney, moving them one space closer to calling, “Monopoly!” and winning the game.
Image Via 20th Century Fox
For book lovers, though, it means these properties (and, presumably, their corresponding franchises) would move over to Disney:
Percy Jackson & the Olympians
Diary of a Wimpy Kid
Murder on the Orient Express
Because of Winn-Dixie
The League of Extraordinary Gentlemen
These are some of the major franchises Disney could soon be claiming. Some make total sense for Disney’s brand, like Diary of a Wimpy Kid. For one, it’s a charming kids story; secondly, it makes insane amounts of money.
Acquiring X-Men and Fantastic Four could also signal their return home to Marvel. Theoretically, this could allow us to see Wolverine pulverizing Captain America down the line, or Wolverine pulverizing Iron Man, or Wolverine pulverizing the rest of the Avengers. It could also mean Disney will allow the existing staff of Fox’s film studio to maintain creative control. This would hypothetically keep the X-Men and Fantastic Four franchises separate from their friends over in the Marvel Cinematic Universe (where the Avengers live).
Oh well. Let’s see what happens. Many things are unclear. What is clear is that Disney will soon hold the rights to every property in existence, including, but not limited, to me, you, and everyone we know.
Features Images Via Disney and 20th Century Fox