Disney’s Acquisition of 21st Century Fox is Official

Overall deal said to be worth $52.4 billion.

Well, this is a doozy. After weeks of rumors and speculation, Disney dropped the megaton this morning. The Walt Disney Company has acquired 21st Century Fox for $52.4 billion.

At the top of their bullet point list of positives, Disney states that the purchase will “provide consumers around the world with more appealing content and entertainment options.” The very next bullet point specifically mentions the most appealing properties coming to the Mouse House.

20th Century Fox will bring all the comic properties Fox had back into the Marvel fold. This includes the vast X-Men universe, including Deadpool, as well as The Fantastic Four. Other properties of notability is the inclusion of The Simpsons and James Cameron’s Avatar franchise.

This morning’s press release specifially mentions the integrations of Fox’s comic properties. It states that “the agreement also provides Disney with the opportunity to reunite the X-Men, Fantastic Four and Deadpool with the Marvel family under one roof and create richer, more complex worlds of inter-related characters and stories that audiences have shown they love.”

As far as networks go, Disney now has ownership of FX and National Geographic. The sale also gives Disney a majority share behind Hulu. There are also a breadth of overseas networks included within the deal.

Terms of the deal allow for 21st Century Fox to spin-off some of their properties into a newly listed company. Fox Broadcasting, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network chief amongst them.

With the announcement of the deal also comes news that Chairman and Chief Executive Officer of The Walt Disney Company, Bob Iger, will remain so through 2021. Iger had initially planned retirement prior to that date. Iger had this to say about the deal:

“The acquisition of this stellar collection of businesses from 21st Century Fox reflects the increasing consumer demand for a rich diversity of entertainment experiences that are more compelling, accessible and convenient than ever before. We’re honored and grateful that Rupert Murdoch has entrusted us with the future of businesses he spent a lifetime building, and we’re excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings. The deal will also substantially expand our international reach, allowing us to offer world-class storytelling and innovative distribution platforms to more consumers in key markets around the world.”

It will likely be sometime before we get word from Kevin Feige or Marvel Studios as what their plans are for their new toy box of characters. However, despite what you may read online, don’t expect to see Hugh Jackman pop up in Avengers 4.

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