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Disneyand Fox shareholders have vote in favor of the proposed merger . This all but seals the pot on Disney ’s proposed purchase of the mass of Fox ’s film and TV assets , giventhe Department of Justice has already granted approval .
In November last year , rumors began to twiddle thatDisney was in public lecture to comport a unification with Fox . Although most attention has concenter on the hypothesis of bringing the X - work force and the Fantastic Four into the MCU , Disney ’s focus was as much on the grandness of increasing its catalogue for make their forthcoming cyclosis service a true rival for Netflix . TheAvatarfranchise , too , was a gamey priority ; Disney execs believe there are existent opportunities to synergize film releases with a grow range of theme parks .
Related : Every Movie Franchise Disney Has purchase From Fox
governor have already approved the merger , andThe Wraphas confirmed that shareholders have agree to the deal , too . Disney will take over possession of Fox ’s Twentieth Century Fox moving picture and TV studio , as well as certain cable and external television businesses . Their goal is to tie up substance with a solid globular dispersion connection . Fox , on the other hired man , will be able to tighten its focus in on news program and sports .
The merger will still take clock time to happen , of form , with industriousness psychoanalyst tellingCNBCthat they expect it to be completed by early next class . In June , a alphabetic character to shareholdersconfirmed the next whole step for the two companies .
The necessary incorporated restructures are almost certain to result in a pregnant number ofjob losses . agree to industriousness psychoanalyst Rich Greenfield , who ’s historically been fairly critical of Disney , there could be between 5,000 and 10,000 redundancies " give the high academic degree of overlap between the two companies around the world . " President Donald Trump has claim that this deal " could be a bang-up thing for jobs , " but Greenfield ’s reply was simple and cutting : " Fake newsworthiness . "
Once the merger is complete , Disney will be looking to make the most of their novel purchase . It ’s as yet incertain how this will affect Fox ’s current film slate , which notably include a bit of ecstasy - Men tentpole film and spinoffs . There have been late rumor that Disney design to cancelX - Men : Dark PhoenixandNew Mutants , butthose are as yet unsubstantiatedand so should n’t really be believed at this stage . Meanwhile , a priority for Disney will be theAvatarfranchise . Disney believe the " World of Pandora " theme park could be a likely competition for the Warner Bros. " Wizarding human race " range , and will be keen to push the next installments in James Cameron ’s blockbuster franchise . It remain to be seen how the studio apartment will handle the dramatic influx of roentgen - stag and repugnance content . presumptively those licenses will be cautiously distributed to Disney subsidiaries like Touchstone , who have traditionally produce that kind of picture .
Next:What The Disney-Fox Deal Really Means For Hollywood
Source : The Wrap
