The Walt Disney Company and 21st Century Fox has officially announced today that they have entered into a agreement for Disney to acquire majority of Fox’s assets, including its film and television studios in a landmark deal worth over $52 billion dollars.
Disney also will gain a majority control of Hulu in the deal, with Fox’s 30 percent stake giving Disney a controlling interest of 60 percent. Comcast and Time Warner will be reduced to minority stakeholders, with 30 percent and 10 percent stakes, respectively.
The remaining assets Fox has are Fox Broadcasting Network, Fox News Channel, Fox Business and some sports channels that will be sold to a new network which will be owned by other shareholders.
Bob Iger is also extending his time as the CEO of Walt Disney till 2021.
Disney is also taking ownership of the company’s vast catalog of intellectual property which means the X-Men, Deadpool, and Fantastic Four are officially home!
The acquisition also means that Disney has finally rights to Star Wars Episode IV: A New Hope, which Fox has previously owned full distribution rights to in perpetuity, along with the home video distribution rights for Episodes II through IV.
Disney will have an even larger back catalog of shows and TV series that it could offer exclusively on its own streaming service in 2019.
Franchises and TV series that now belongs to Disney includes Avatar, Aliens, Kingsman, Ice Age, Planet of the Apes, The Simpsons, Buffy the Vampire Slayer, How I Met Your Mother, Futurama and many more.