The Walt Disney Company to Acquire 21st Century Fox, Inc.
- Details
- Published on December 14, 2017 @ 06:35 pm
- Written by Arielle
The Walt Disney Company and 21st Century Fox, Inc. announced this Thursday morning that they are entering an agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock.
At the request of both 21st Century Fox and the Disney Board of Directors, Bob Iger has agreed to continue as Chairman and Chief Executive Officer of The Walt Disney Company through the end of calendar year 2021.
This announcement comes after weeks of rumors that the mass media and entertainment conglomerate was in the running against Comcast to buyout 21st Century Fox's entertainment properties outside of their news and business networks. On December 11, it was announced that Comcast had dropped its bid for 21st Century Fox.
Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network will separate from 21st Century Fox into a newly listed company that will be spun off to its shareholders under the ownership of the Murdoch family.
21st Century Fox is home to James Cameron's Avatar franchise, Marvel's X-Men, Fantastic Four, and Deadpool franchises, along with highly-acclaimed films such as The Grand Budapest Hotel, Hidden Figures, Gone Girl, The Shape of Water, and The Martian. This agreement provides Disney with the opportunity to reunite the X-Men, Fantastic Four and Deadpool with Marvel and create more creative and interwoven stories that will entertain audiences worldwide.
21st Century Fox is also home to television shows like The Americans, This Is Us, Modern Family, The Simpsons, Empire, Gotham and other massively popular series.
Disney will also acquire FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox’s interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group.
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COMMENTS
this is intresing for me i would love to see a reboot of the percy jackson series franchiese since disney has the rights now for the flims then maybe in the futre have percy jackson world be in a kh game
Get your jokes about Anastasia becoming a Disney Princess out now because there is only so much of it I can handle in a day.
Anastasia becoming a Disney Princess
All I can say
Get real folks, I can't wait till Deadpool becomes a Disney Princess
we are talking about Deadpool right
Meh, honestly, I don't know nor really care about who owns what. But it's good I guess?
I guess Toxic Love is a Disney song now.
Get real folks, I can't wait till Deadpool becomes a Disney Princess
we are talking about Deadpool right
He is the only one who deserves the title.
I guess Toxic Love is a Disney song now.
...Oh my god.
Disney upon its ever growing empire.
Disney upon its ever growing empire.
I don't actually mind Disney becoming our overlords. This was Walt Disney's plan after all.
I don't actually mind Disney becoming our overlords. This was Walt Disney's plan after all.
Rise
Disney!
I had to say that too, Palatine came to mind
Not too late for a Simpsons world in KH3!
Holy crap, we could actually get a Wolverine summon.
All jokes aside, I don't see this impacting KH3 that much. It's probably way too late for any FOX property to make the cut
X-men/Deadpool cameo in Avengers 2019
I feel bad for the sports channels...
Don't forget Blue Sky Studios.
All of those who thought Ice Age was Disney can now at least settle with Blue Sky Studios being owned by Fox now owned by Disney. The studio has evolved fantastic with it's animation and visuals. All it needs is a push in the right direction for better writing in it's films.
They feature
Robots
Rio
Epic
The Peanuts Movie
Horton and more
Someday in the future there might be a open door for a Ice Age in KH, nothings impossible you know!
X-men/Deadpool cameo in Avengers 2019
I feel bad for the sports channels...
Disney isn't acquiring their two major sports channels, FS1 and FS2. They are acquiring (I believe) 22 regional channels, but those weren't where Fox Network was getting the majority of their views anyways.
Glad Comcast didn't buy Fox. Then it would had been bad news.
The Simpsons still has zero chance for Kingdom Hearts 4 r-r-ight?
The Simpsons still has zero chance for Kingdom Hearts 4 r-r-ight?
Dunno. What happens after KH3 is anyone's guess
Dunno. What happens after KH3 is anyone's guess
Futurama, Ice Age, Epic and Avatar are the only FOX propieties that im going to be ok for KH4
Futurama, Ice Age, Epic and Avatar are the only FOX propieties that im going to be ok for KH4
I would like to see an Ice Age world in the future. Maybe we can see Sora as a Woolly Mammoth this time?
And Futurama will be interesting....although thinking about it, Space/ the pathways between worlds is going to have a lot of different properties involved with this area in the future. Already had Lilo & Stitch and I can see in the future Treasure Planet, Star Wars (depending is EA still owns them), Marvel, now Futurama and any other space worlds and potentially some Final Fantasy characters (Balthier and Fran as Space Pirates).
i hope disney thinks about rebboting the percy jakcson movie series i would like to see it happen and also percy jackson world in kh future game one day
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Can't argue with the facts.
I wonder how long Disney is gonna make us wait for those original versions of the first three Star Wars to be on Blu Ray.
The Simpsons still has zero chance for Kingdom Hearts 4 r-r-ight?
it's already happening, man
I really hope KH sticks to the fantasy, fairytale-ish worlds. DDD Tron and KH2 Pirates were already bad enough, I'm really going to consider even dropping it if KH4 has stuff like Avengers and whatnot. It just doesn't fit, at all. I don't want to see any boring Hollywood star faces that are literally everywhere in it. Pls no. If it was my call I'd want it to end with 3, but since that's not happening at least keep it somewhat tasteful. It's fun to joke about dumb worlds that they technically COULD include but I'm actually legit worried xD
[FONT=times new roman]Disney trying to take over the world confirmed.[/FONT]
All of y’all worried about these properties coming to Kingdom Hearts. It’s not going to happen lol.
I wonder how long Disney is gonna make us wait for those original versions of the first three Star Wars to be on Blu Ray.
Next year in time for Force Friday you better believe it’ll be out.
Don't forget Blue Sky Studios.
All of those who thought Ice Age was Disney can now at least settle with Blue Sky Studios being owned by Fox now owned by Disney. The studio has evolved fantastic with it's animation and visuals. All it needs is a push in the right direction for better writing in it's films.
They feature
Robots
Rio
Epic
The Peanuts Movie
Horton and more
Someday in the future there might be a open door for a Ice Age in KH, nothings impossible you know!
Haha... Blue Sky Studios is definitely going to get shut down. Their movies are so forgettable and they've killed all the potential that Ice Age had. The Peanuts Movie is their only legitimately good movie because the source material was timeless. Animation studios are expensive ventures, Disney Animation and Pixar are ideal enough for the animation slate, Blue Sky's not needed any more.
John McClane for Kingdom Hearts!
All signs are pointing to this acquisition not going through. The next best thing Fox can do is to split the assets and sell them to different companies.
All signs are pointing to this acquisition not going through. The next best thing Fox can do is to split the assets and sell them to different companies.
I like that you say all signs but provide no signs for anybody to get what you mean
Yes, the government is investigating this buyout but considering the U.S. government’s current controlling party and who the Murdoch family pay millions to, I 100% expect this to go through. The Murdochs and their shareholders want this to happen as much as Disney wants it.
Anti-trust and monopoly laws be damned.
yeah there no way this deal not going though unless something big happens this deal willl happen it a forgone conclusion
Well, looks like you're right, Oracle. Fox shareholders have approved the deal, and the US government is okay with it provided that Disney sells off the sports regional networks.
However, this acquisition seems to be a merger as Disney and 21st Century Fox are gonna be seperate subsidiaries to New Disney.
Basically, the chances of Fox properties in Kingdom Hearts seem even more slim than Marvel and Star Wars.
Well, it's finally official, 21st Century Fox has been absorbed into The Walt Disney Company as of posting this.
Man, a day early at that.
DISNEY, DON'T DO SHIT TO FOX. JUST LET THEM OPERATE BUT TAKE THE X-MEN YOU WANT TO USE FOR THE MCU AND FANTASTIC FOUR AWAY FROM THEM. JUST GIVE ME MORE DEADPOOL PLEASE
Oracle Spockanort
December 14, 2017 @ 06:45 pmOffline