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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.
Joe Carnahan, the writer currently attached to a film adaptation of Uncharted, just finished the most current draft of its screenplay according to a recent post he made on Instagram. Carnahan is
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Skyscraper Is The Only Big Budget Non-Sequel This Month Movies July 8, 2018 No Comments This summer, Dwayne Johnson is back in another one of his big-budget action movies.
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Reservations to Visit Star Wars: Galaxy's Edge at Disneyland Park Available May 2 or Book a Stay at a Disneyland Resort Hotel Now As we've previously shared , Star Wars : Galaxy's Edge is opening on May 31 at Disneyland Resort in Southern California and August 29 at Disney's Hollywood Studios in Florida.
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Jul 10, 2018 · A crew member on the upcoming film City of Lies has filed suit against star Johnny Depp, claiming the financially strapped actor physically and verbally assaulted him on set — and offered up to
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Continuing the trend of speedy home releases, Disney and Marvel are bringing Avengers: Endgame to Digital HD next month, with a Blu-Ray release in August.
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New Line unleashed the first trailer for Tag, a comedy based on a 2013 Wall Street Journal article about a group of friends who have been competing in the playground game for 30 years. The trailer's opening scene — Ed Helms attempting to tag Jeremy Renner at his wedding just after a pastor says "You may kiss the bride" — is one of the many
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The home entertainment release for Justice League only contains two deleted scenes, both of which star the newly resurrected Superman. The first -- a sequence that sees Clark Kent walking through the DCEU's Fortress of Solitude and reveals Supes' infamous black suit -- actually made its way online last week.
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A Logan's Run reboot is on the way and the project just took a major step closer to arriving in theaters. Subscribe To The Logan's Run Remake Has Taken A Big Step Forward Updates close
The Logan's Run Remake Has Taken A Big Step Forward - William
williamfnolan.jasunni.com/2018/03/the-logans-run-remake-has-taken-a-big-step-forward/
Home > News > The Logan's Run Remake Has Taken A Big Step Forward The Logan's Run Remake Has Taken A Big Step Forward Written by WilliamFNolan.com on March 7, 2018 and posted in News .
The Logan's Run Remake Has Taken A Big Step Forward - 247
That Time Paul Rudd Asked People To Punch Him In The Ant-Man Suit To Scratch An Itch Add 'unscratchable itches' to the long list of reasons that playing a superhero and wearing the costume is much
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The One Reason why Bodybuilders Hate CrossFit When this post went live on January 21st, I had no idea that it would receive as much activity as it has. Many people have weighed in with their opinion (some of which based on the expletive nature has been removed) - but giving props to Brad, the author of this post, he's been responding to everyone.
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