Disney now owns Fox2019-03-20 14:38 by Daniela
Tags: Disney, Fox
Disney has closed its $71 billion acquisition of Fox's entertainment business, putting "Cinderella," "The Simpsons," "Star Wars" and "Dr. Strange" under one corporate roof.
The company's new assets include Twentieth Century Fox, Fox Searchlight Pictures, Fox Family, Fox Animation, Twentieth Century Fox Television, the FX and National Geographic channels, Star India, and Fox's interest in Hulu, Variety reports.
"This is an extraordinary and historic moment for us — one that will create significant long-term value for our company and our shareholders," Disney CEO Bob Iger said in a statement.
The deal reshapes the media landscape and makes Disney an even greater entertainment behemoth. It will expand Disney's portfolio of some of the world's most popular characters, uniting Mickey Mouse, Luke Skywalker and Marvel superheroes with Fox's X-Men, "Avatar" and "The Simpsons" franchises. In bolstering its trove of characters and stories, the acquisition also puts Disney in a stronger position to take on Netflix and other streaming companies when it launches its own service, Disney+, later this year.
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