India  
NewsR.in
> > >

Disney's Buyout of 21st Century Fox Completes - At $71 Billion

One News Page Staff Thursday, 21 March 2019
Disney's Buyout of 21st Century Fox Completes - At $71 Billionby 👨‍💻 Graham Pierrepoint

It’s been widely regarded as one of the biggest entertainment acquisitions and mergers of recent years, and following months of hype and speculation, The Walt Disney Company has finally completed its buyout of 21st Century Fox. The deal, which has cost Disney a cool $71 billion, comes as a result of the brand fighting off rival bids from Comcast NBCUniversal late last year. This now means that a number of big name franchises and entertainment staples will now be overseen by Disney in a ground-breaking move.

Disney has continued to dominate the box office year on year, thanks to its ongoing commitment to remaking its best-loved animated properties, and to continuing to broaden the Marvel Cinematic Universe. Marvel fans will now be particularly excited following the acquisition, as Marvel Studios should now have full access to characters such as the X Men, the Fantastic Four and Deadpool. The strategy for moving said characters into the existing MCU, at this point, remains to be seen.

Disney Officially Owns 21st Century Fox
Disney Officially Owns 21st Century Fox [video: THR News]

It’s thought that the buyout has been completed ahead of Disney’s push to take on Netflix later in 2019. The brand’s proposed streaming service, currently known as Disney Plus, will reportedly bring original content, movies and well-loved properties to home devices all over the world. This buyout gives Disney access to Fox’s TV and movie divisions, as well as National Geographic and Star India. That’s an incredible amount of reach.

It will also mean that Disney finally picks up huge TV properties such as The Simpsons to add to its arsenal. Quite what this will mean for the future of Matt Groening’s show remains to be seen, though it is at least protected by a recent renewal.

Robert Iger, CEO and Chairman of Disney, hailed the momentous buyout. “This is an extraordinary and historic moment for us – one that will create significant long-term value for our company and our shareholders.”

“Combining Disney’s and 21st Century Fox’s wealth of creative content and proven talent creates the pre-eminent global entertainment company, well-positioned to lead in an incredibly dynamic and transformative era.”

This also means that the ‘Big Six’ era is over. This term previously referred to the main studios operating in Hollywood. With Disney and Fox now working as one, they will be operating in a ‘Big Five’ alongside Sony, Paramount, Warner Bros and Universal.

0
shares
ShareTweetSavePostSend
 
Credit: Wochit Business - Published < > Embed
News video: Disney And 21st Century Fox Complete $71.3 Billion Deal

Disney And 21st Century Fox Complete $71.3 Billion Deal 00:41

At long last, Disney has completed its $71.3 billion acquisition of 21st Century Fox’s film and TV assets. With the deal wrapped up, Disney will take over ownership of 20th Century Fox film and TV studio, cable networks FX, FXX and National Geographic, and certain cable and international television...

You Might Like


Recent related videos from verified sources

Fox 4 News Latest Headlines | October 21, 9am [Video]Fox 4 News Latest Headlines | October 21, 9am

Watch the latest Fox 4 News headlines any time.

Credit: FOX 4 Now Florida     Duration: 01:58Published

Fox 4 News Latest Headlines | October 20, 6pm [Video]Fox 4 News Latest Headlines | October 20, 6pm

Watch the latest Fox 4 News headlines any time.

Credit: FOX 4 Now Florida     Duration: 02:08Published


Recent related news from verified sources

Bob Iger not worried about Apple TV+ undercutting Disney+ on price

As the streaming wars continue to heat up, Disney CEO Bob Iger isn’t worried about the pricing of Disney+ competitors. While Disney+ is $7 per month, Apple TV+...
9to5Mac

Fox News' Bret Baier calls Trump's attacks on journalists a "problem"

Baier also discussed the abrupt departure of his longtime colleague and fellow anchor Shepard Smith
CBS News

•More original news reports from newsR
Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest