Disney has officially become the owner of 21st Century Fox


Disney - 21st Century Fox

20th Century Fox and its subsidiary companies in the film and television industry have officially entered Disney property today, Deadline.com records. The deal, which Fox left largely with sports and news divisions, amounted to $71.3 billion, although initial estimates were projected to $66billion.

So they got under the control of Disney franchises like Alien, Predator, Planet of the Apes, Avatar, The Simpsons, plus the series of movies that complement the Marvel Cinema Universe – through X-Men and Fantastic Four, the company now has access to iconic characters like Wolverine, Deadpool, Professor X, Storm, Jean Gray, Cable, and The Silver Surfer, Galactus, along with many others.

The merger, which has begun to be spoken back in November 2017, will lead to the dominance of Disney’s box office. The company has so far accounted for 30 percent of US receipts, and the figure will grow to 40 percent now with Fox, according to The Hollywood Reporter. Worldwide, if we combine last year’s Fox and Disney receipts, we will pass the fabulous $10 billion.

After conquering the box office, Disney also wants to impose its streaming service. The Disney + platform, which market studies say will be a hit, will be launched in the latter part of 2019. The Fox acquisition also brings control over National Geographic and Hulu.

Concretely, the businesses to be purchased by Disney include the 21st Century film production sites (Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000 Pictures), TV Fox (Twentieth Century Fox Television, FX Productions and Fox21), FX Networks , National Geographic partners, Fox Sports regional networks, Fox Networks Group International, Star India, and Fox of Hulu, Sky plc and Tata Sky. Fox Broadcasting networks, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network will join a new company named “New Fox”.


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