Updated on December 6, 2017
Disney is in advanced talks to buy 21st Century Fox, with the exception of its news and live-sports channels, according to reporting by the New York Times. The possible union of two of the country’s largest entertainment conglomerates is a significant development for the TV and film industry, where legacy companies are pushing back against cord-cutting and the inexorable rise of Netflix’s global business.
Beyond its storied animated films and amusement parks, Disney’s empire includes the Marvel franchise, Star Wars, Pixar, ESPN, the Disney Channel, and ABC. The rumored deal would include 21st Century Fox’s cable networks (like FX), its film and TV studio (which owns the rights to the X-Men franchise), and Sky, an enormous British pay-TV company. To borrow a metaphor from the Marvel universe, this deal would change Disney from Captain America to the Hulk, transforming a historic American icon into a behemoth with problematic competitor-smashing tendencies.
Disney is planning to launch several streaming services in the next two years, as it pulls its content from Netflix to build a direct competitor. Such a Disneyflix product with the library described above would be exhaustive, satisfying both young families and movie buffs.