Disney slides on news its close to deal with Fox

Disney- Fox

Will Bob Iger Hand a Murdoch the Keys to the Disney Empire?

But talks with Disney have been progressing "more significantly".

As reported by CNBC, Disney and Fox a very close in closing the deal of the century. According to a report in the Financial Times, James Murdoch is likely to take a senior executive role with Disney because of his knowledge of the Fox assets and the global TV market.

CNBC reported that Disney would acquire the Twentieth Century Fox movie studio and television production assets as well as selected worldwide holdings in India and United Kingdom in addition to cable networks FX and National Geographic. However, talks started again, and much of the deal remained the same with Fox continuing to retain their sports and news media outlets.

Comcast Corp., which owns NBCUniversal in Universal City, also figured as a potential buyer for Fox's media assets, Reuters said.

Of course, this deal comes with its pros and cons.

Sadly, the Marvel film universe was never complete with the X-Men and Fantastic Four owned by a rival film studio. This means the new Star Wars films could include the iconic John Williams scores.

However, no deal between Disney and Fox is imminent and several issues have yet to be fully negotiated, the sources said. So possibly no more Logan or Deadpool type movies.

At present, Disney now own the rights to the Marvel Cinematic Universe and Fox own the X-Men and Fantastic Four franchises. But there is speculation that Disney would use Fox to distribute R-rated material. I'm sure more details of the deal will come out as soon as the deal is done. We'll keep you posted.

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