The Walt Disney Company will complete its acquisition of 21st Century Fox, with one of the most anticipated deals getting wrapped up, Disney got the sole ownership of 20th Century Fox TV studio, films, FXX, National Geographic, cable networks FX and also Fox’s other international TV assets like Hulu, where Fox had 30 percent stake.
The first announced with the deal in the December 2017 with a multi billion dollar price tag, Disney absorbs the 21st Century Fox Movie and Tv divisions. It includes film rights to the X-Men, Deadpool, and Fantastic Four, as well as the Avatar franchise from James Cameron.
The speciality distributor fox searchlight and tv hits like The X-Files and Empire.
CEO Robert A. Iger said, “This is an extraordinary and historic moment for us — one that will create significant long-term value for our company and our shareholders,”
He says, “Combining Disney’s and 21st century fox’s wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.”
Feels like the first day of ‘Pool. pic.twitter.com/QVy8fCxgqr
— Ryan Reynolds (@VancityReynolds) March 19, 2019
The portfolio for 21st Century fox includes mostly sports, news and broadcast businesses. These entities will together form the new fox corporation, which includes Fox Broadcasting Company, Fox Business Network, Fox News Channel and Fox Sports and their local TV stations as well.
Fans expecting for a potential merge between Marvel Cinematic universe’s avengers with that of X-Men’s.
