Disney's massive deal to buy the majority of Fox's assets and franchises – including The Simpsons, Family Guy, Deadpool and X-Men – for around $ 71 billion is almost complete. Fox and Disney announced in their own press releases that the acquisition is expected to be effective at 12:02 AM on March 20.
"This is an extraordinary and historic moment for us – one that will create significant long-term value for our company and our shareholders," said Disney CEO Robert Iger in a statement. "Combination of Disney's and 21st Century Fox's wealth of creative content And recognized talent creates the prominent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era. "Disney said that Fox's franchise will allow Disney to provide more appealing high quality content and entertainment options to cater to growing consumer demand, increase their international footprint and expand their direct consumer offerings. "
Some of the" direct consumer offers "Disney have on route with ESPN +
After the purchase, Fox will continue to live, but in a more limited capacity. Fox creates a spinoff device that will continue to operate Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports and Fox TV Stations Group, along with the FS1, FS2, Fox Deportes and Big Ten Network cable networks. .
Even before the Fox buyout, Disney was founded for a massive 2019 with movies alone. The company has already released Captain Marvel from its Marvel division, while Avengers: Endgame comes next month. Some of Disney's other major movie releases in 2019 include Dumbo, Aladdin, Lion King, Frozen 2, and Star Wars: Episode IX.