Disney Buys 21st Century Fox Entertainment Assets For $52.4 Billion In Stock
The Walt Disney Company has bought several of 21st Century Fox's key entertainment assets.
The $52.4 Billion Stock Purchase
Disney has made the most significant purchase in entertainment history. The $52.4 Billion stock acquisition includes several significant chunks of 21st Century FOX's library. One vital part of the investment that will interest moviegoers is Disney's purchase of the 20th Century Fox's movie studio.
The movie studio has created beloved films such as The King and I, Star Wars: A New Hope, Home Alone, Mrs. Doubtfire, and Titanic. Disney will also take control of the 21st Century Fox's television library.
The purchase included fan-favorite shows such as The Simpsons, Empire, and the Screen Actors Guild-nominated Feud: Bette vs. Joan.
X-Men's Homecoming
Moreover, Marvel Cinematic Universe fans will be delighted with this news. Disney's purchase of 21st Century Fox's assets also included the X-Men's media rights.
Currently, there is no word on how this acquisition affects the highly anticipated X-Men: Dark Phoenix and Deadpool 2, which is expected to star Josh Brolin as Cable.The two films are expected to be released in 2018.
The X-Men's return to Marvel Studios could lead to potential interactions with both the Avengers and the Guardians of the Galaxy in the future.
Iger Extends His Leadership
Longtime Disney CEO Bob Iger is expected to extend his contract with the company so that 21st Century Fox is appropriately incorporated into Disney Entertainment. Iger was supposed to exit the business in 2019 but now, it looks like that Iger will leave Disney in 2021. Iger has extended Disney's reach by making massive moves that have shaken up pop culture.
Both Pixar and Marvel have produced box office blockbuster movies such as Coco and Thor: Ragnarok. Iger also helped Disney acquire Lucasfilm and successfully brought Star Wars into the fold and film critics have already praised Star Wars: The Last Jedi, which will be released on Friday, Dec. 15.
What's Not Part of the Deal?
However, Fox News and Fox Sports fans should breathe a sigh of relief. The Disney-21st Century Fox deal did not include either franchise because both of them fall under the non-entertainment category.
It is unknown how long the integration process will take or if several of the franchises will make it to any Disney Parks attraction.
