21st Century Fox reportedly in talks with Disney to sell most of its company

If we were honest, this is what we thought of when we heard the news. (Image courtesy of: Marvel.com)

There are reports going around claiming Disney and 21^st Century Fox are currently in talks about the latter selling off most of its company to the multimedia production giant. According to CNBC, it has been happening in the past few weeks but there aren’t any guarantees that it’ll lead to a deal. They describe the talks as being “on again, off again.” If the deal pushes through, it’s said Fox will give up most of its properties except those that revolve around news and sports. It seems senior management at Fox see that they can’t compete in the changing media landscape and sees Disney and its big machine capable of competing against the big internet companies that are leading the charge now (e.g. Facebook, Netflix, Google, and Amazon, to name a few).

For Disney, this deal would be advantageous as it preps its own streaming service. They’d gain access to more movie and TV productions to add to their own streaming offering. And if you’re thinking what we’re thinking, we might finally get that X-Men, Avengers, and Fantastic Four crossover that we’ve been waiting for. (Even Ryan Reynolds is wondering what this deal could mean for his character Deadpool.) At the moment, nothing is for sure yet but we’re keeping our eyes out for this.