At 02.02 this Wednesday, March 20, The Walt Disney Company officially becomes the owner and commander of 21st Century Fox operations. Disney completed the acquisition of the company’s assets.
In its $ 71 billion acquisition, Disney takes over the entire 21st Century Fox film business. This includes 20th Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation. As well as Fox’s TV production units. These include Twentieth Century Fox Television, Fox21, FX Productions, National Geographic, Fox Networks Group International, Star India and Fox’s assets in Hulu, Tata Sky and Endemol Shine Group.
News, sports and broadcasting companies with the FOX News Channel, the FOX Business Network, the FOX Broadcasting Company, FOX Sports, the FOX Television Stations Group and the FS1, FS2 pay-TV channels were excluded from the agreement with Disney. Fox Deportes and Big Ten Network, which together form the new Fox Corporation.
What do companies say?
In a press release, The Walt Disney Company stated that by purchasing 21st Century Fox’s suite of companies and franchises, “it could offer more compelling high-quality entertainment and content options to meet the growing consumer demand; increase its presence in the international market and expand its direct consumer offerings – which include ESPN + for sports fans, the long awaited Disney + streaming service (to be released in late 2019), not to mention the greater participation of Disney and the 21st Century Fox in the Hulu “.
“This is a historic and extraordinary moment for us – which will create significant long-term value for our company and our shareholders,” Bob Iger, president and chief executive officer of The Walt Disney Company, said in the statement. And the proven talent of Disney and 21st Century Fox creates a prominent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era. “
Actor Ryan Reynolds has played the character Deadpool (from FOX films but originally from Marvel). He celebrated the deal on his Twitter account with the good humor of the mercenary.
As the agreement comes into force on this historic March 20th, Disney reclaims rights to various Marvel characters on Fox. Such as the Fantastic Four, Deadpool and the X-Men. Along with them, other popular and high-value brands. For instance, the Avatar and Kingsman franchises, become the directors of The Walt Disney Company.