Disney Chief Executive Officer Bob Iger has led the company to record growth since he took over in 2005. He has also overseen a number of successful acquisitions. There is no one more qualified to lead Disney through the potential acquisition of the majority of 21st Century Fox, which is why, according to CNBC, Disney will extended Iger’s current deal if the Fox deal happens.
Iger has a contract that runs through 2019. He has already had his deal extended multiple times, so another extension would be easy enough to complete. During Iger’s tenure, Disney has successful acquired and integrated Pixar, Marvel, and Lucasfilm into the company’s larger corporate structure. The Fox acquisition, reportedly valued at over $60 billion, would be the biggest yet.
That Iger’s deal would even need to be extended beyond 2019 ought to give you some idea of just how long all of this will take, if an agreement is reached. Deals of this size take years to complete, even after there is a purchase agreement. There is government regulation to consider and then the massive set of tasks that have to be done to integrate $60+ billion in assets into The Walt Disney Company. That takes a lot of time.
That is why fans eager to see the X-Men and Fantastic Four, to which Fox holds the movie rights, in the Disney-owned Marvel Cinematic Universe should pump the brakes. The same goes for anyone worrying about losing R-rated Marvel movies like Deadpool 2. Nothing is going to change immediately, even if a deal is announced tomorrow.
It is also worth noting that while the potential impact on Marvel Studios movies is the most relevant subject on this site, it is actually a very small part of this deal. There are cable networks, regional sports networks, a movie studio, a television studio, and much more at stake. This deal is not going to be easy to put together, let alone execute.
We will continue to follow this story as it develops.