The Mouse takes a bite out of Fox in giant $52.4 billion deal
It was officially announced today that The Walt Disney Company is acquiring 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock.
What does this mean for content? Well Disney now owns the rights to Avatar, X-Men, Fantastic Four and Deadpool, as well as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water and The Martian. Over on the TV side of things, Disney now also acquires Twentieth Century Fox Television, FX Productions and Fox21, which have brought The Americans, This Is Us, Modern Family, The Simpsons and more. This will allow Disney the opportunity to reunite the X-Men, Fantastic Four and Deadpool with the Marvel family under one roof in the Marvel Cinematic Universe.
Disney will also acquire FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox’s interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group.
“The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.
And for those of you that Iger was running for President in 2020, Iger also made the announcement official today that he will continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021.
You can read the full press release here.