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It’s the deal of the 21st century, or at least it could be. CNBC reported earlier today that Disney has had talks to acquire the majority of 21st Century Fox. According to The Wall Street Journal, those talks are not currently active, but that doesn’t mean a deal can’t be made later and it certainly won’t stop fans from imagining what it would mean for Marvel Studios.

Any potential deal in which Disney buys most of 21st Century Fox has ramifications well beyond the superhero landscape, but that is the space Marvel fans care about most. The negotiations included Fox’s film studio, which holds the licenses to the X-Men (including Deadpool) and Fantastic Four movie franchises. Fox’s hold on those licenses keeps many of the most popular Marvel heroes and villains away from the Disney-owned Marvel Studios and out of the Marvel Cinematic Universe inhabited by The Avengers and the Guardians of the Galaxy.

This deal, should it come back to life, would make almost every Marvel character accessible in one fully-stocked toy box for Marvel Studios. The X-Men could finally interact with The Avengers while the Fantastic Four could take up residence in the same New York City in which Avengers Tower was built. Reed Richards and family might even bump into Star-Lord or Captain Marvel during space adventures. Speaking of Mr. Fantastic, he and Charles Xavier could get together with Tony Stark (Robert Downey, Jr.), Doctor Strange (Benedict Cumberbatch), and T’Challa (Chadwick Boseman) to form the MCU version of the Illuminati.

The Fantastic Four franchise desperately needs Marvel Studios after two failed attempts at Fox in the modern superhero movie era. Deadpool is a cash cow at the moment, but the main X-Men series already squandered the rebirth it set up for itself in 2014’s X-Men: Days of Future Past with 2016’s X-Men: Apocalypse. Both X-Men and Fantastic Four need to be rebooted and that’s exactly what Marvel Studios would do instead of having to mess with the convoluted continuity that comes with Fox’s Marvel universe.

Reboots can take time, as Marvel Studios would need to find an organic way to introduce a large number of new characters into the studio’s shared universe. The more immediate value may come from the bad guys. Marvel Studios will be using their biggest and baddest villain, Thanos (Josh Brolin), in the next two Avengers movies and will need fresh, evil faces for Phase Four and beyond. There are still plenty of options based on the characters the studio already has access to, but few if any can match the likes of the Fox-licensed Doctor Doom, Magneto, and Galactus. While he’s not a villain, Silver Surfer is a character just begging to be part of an increasingly cosmic MCU.

If this deal gets done, the only license Marvel Studios would not hold is that of the Spider-Man franchise. Of course, Disney and Sony are currently enjoying the deal they’ve made to share Spidey for several films. Sony is eager to allow any and all films related to the Spider-Man franchise to be part of the MCU, so Marvel Studios already has the ability to pick and choose which pieces they want.

As many new possibilities as a Disney-owned 21st Century Fox could create, there is some concern over a few other possibilities that could be extinguished. Over the past two years, Fox has found success with R-rated superhero movies, namely Deadpool and Logan, while Disney favors films that are accessible to all (or most) ages. Fans still want their edgy comic book movies and are not eager to give them up, even if it means getting Wolverine and Captain America in the same cinematic universe in return.

It is true that R-rated superhero movies do not fit within Disney’s brand structure, but it is also true that deals this big often take months or years to get made and then more years to go into effect. Even if Disney and Fox struck a deal tomorrow, it would not prevent the already-shot Deadpool 2 and horror-based New Mutants from hitting theaters next year. X-Force, the mutant team-up film featuring Deadpool (Ryan Reynolds) and Cable (Josh Brolin), would still probably have time to get made and distributed before any big changes were made.

There is also an option for Disney to preserve 21st Century Fox as a subsidiary with its own label through which Disney could distribute R-rated films, including those with superheroes. The PG-13 characters could move into the MCU while the R-rated crowd could stay under the Fox label. This may not seem likely and perhaps it isn’t, but remember that Disney already owns those Mature-rated Netflix series that Marvel has been making. Technically, those series are part of the MCU even if they have no real influence on it. The same could be done with certain films about certain characters.

Then there’s the point that the Deadpool franchise does not have to remain R-rated. The first film, as successful as it was, was more than F-bombs and gory violence. It could be really funny to see the fourth-wall-breaking Deadpool combat the boundaries of a PG-13 rating, especially when the R-rated aspects of the character have already been well-served in multiple solo films and X-ForceDeadpool is also the one franchise that could escape a reboot, or do one softly by simply allowing Ryan Reynolds to continue playing the title character and even provide an in-film speech to the audience that pokes fun at the situation.

We already know that Hugh Jackman was doing just fine as Wolverine in PG-13 films. Yes, Logan was great, but that hardly means Wolverine is an exclusively R-rated character from this point forward.

Purely as it relates to Marvel-based movies, the benefits of Disney buying 21st Century Fox outweigh the costs, at least for those of us who don’t have to put up our money to make this purchase. This deal ultimately will not hinge on Marvel characters. It involves billions of dollars and several assets including a movie studio, several other massive pieces of intellectual property (like Avatar), and multiple cable networks. It is going to take time for this to happen, and there is a very good chance it will never come to fruition.

If, however, there is a chance to enjoy all of Marvel’s characters, or at least most of them, in a single cinematic universe, it is a possibility worth rooting for.