Deadpool, X-Men and Fantastic Four all join Marvel.
Disney has purchased 21st Century Fox’s film studio and a large chunk of its television production assets for $52.4 billion.
On the business side of things, they now own Fox’s 39% stake in Sky, Star India, a collection of pay-TV channels like FX and National Geographic. In terms of film properties, X-Men, Avatar and The Simpsons and much more are now in the Mouse House.
What do you know, The Simpsons even predicted that.
Disney announces it has reached a deal to acquire 21st Century Fox, as predicted by a Simpsons episode that first aired on November 8, 1998. pic.twitter.com/kzloJQHeM8
— Darren Rovell (@darrenrovell) December 14, 2017
Disney Chief Executive Officer Bob Iger will remain with his company through 2021 to “provide the vision and proven leadership required to successfully complete and integrate such a massive, complex undertaking.”
“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. We’re honored and grateful that Rupert Murdoch has entrusted us with the future of businesses he spent a lifetime building, ” Iger said in a statement.
Rupert Murdoch said: “We are extremely proud of all that we have built at 21st Century Fox, and I firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace in what is an exciting and dynamic industry. Furthermore, I’m convinced that this combination, under Bob Iger’s leadership, will be one of the greatest companies in the world. I’m grateful and encouraged that Bob has agreed to stay on, and is committed to succeeding with a combined team that is second to none.”
Basically, Disney owns the entire entertainment world. Well, a fairly sizeable chunk of it.
