RT @VancityReynolds: Feels like the first day of ‘Pool. https://t.co/QVy8fCxgqr
If everything goes according to plan, the Disney and 21st Century Fox deal could wrap up by Summer 2019. But there are still hurdles to go.
First announced in December 2017, estimates placed the deal being wrapped up in 12 to 18 months. Some analysts found this timeline conservative, but it seems it may have been spot on.
During a company town hall meeting this past week, 21st Century Fox president Peter Rice informed employees that the deal is indeed on track. Currently, the timeline is calling for everything to wrap up somewhere in the spring to summer 2019 time frame. At the outside, he said it could be late summer.
All of this, of course, relies on the deal passing regulatory approval. Due to the size of the deal it will have to go through a thorough review by governing bodies in multiple countries. After the merger, Fox will retain Fox Broadcasting Company, FS1, FS2, Fox News Channel, and the Fox affiliate TV stations.
Management changes are expected to take place over the next 12 months as the company is expected to be ready to roll the day Disney takes over. Fox will retain its West Los Angelas lot and Disney will lease offices there for the next seven years.
The jury is still out on this deal from a consumer point of view. Will one less studio make that much of a difference in the scheme of the film industry? Only time will tell. It is still unclear exactly what Disney’s end play is with this accusation, but it is sure going to be interesting to watch.