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Disney 'Closing In' On Deal to Buy 21st Century Fox

As media companies struggle to find a way to address a shift in how Americans watch content, it is now reported that Disney and Fox are close to a deal to sell most of Fox to Disney.

Interestingly enough, the deal is expected to be finalized as soon as next week. According to CNBC's Michael Faber, Disney and Fox could close ona revised deal, including the sale of the regional sports networks, as early as next week.

Fox itself will still have control of its own network, sports channel plus news and business divisions.

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"A deal appears more likely than not."

". Comcast, global telecommunications conglomerate and owner of NBC and Universal Pictures, is also bidding to acquire Fox's assets.

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

Off the bat, Disney would gain the complete catalog of Star Wars live action films that Fox now owns, including the rights to the original soundtracks of those films. The Fantastic Four could finally get done the right way; Captain America could hang out with Professor X. Iron Man could trade insults with Wolverine (if Hugh Jackman comes out of retirement). What this means for films like Deadpool 2, New Mutants, X-Men: Dark Phoenix and the Doctor Doom standalone film, all of which are in development or in production, is unclear. It's possible Disney simply had more money on the table. There is also the fact that if the studios do merge, it would limit the field of studios that directors and filmmakers make their pitches to.

However, that is all just speculation for now. We'll keep you posted.

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