Disney Completes Deal to Buy Fox TV, Movie Assets for $52.4 Billion
After weeks of negotiations, The Walt Disney Company has completed the deal to buy the TV and film assets of 21st Century Fox.
Comicbook reports that the deal is for 52.4$ billion and includes the company’s cable TV FX and National Geographic networks. It does not include local broadcast networks, as Disney already owns many of those through ABC and cannot own channels in the same city.
Disney is also purchasing Fox’s movie studio and control of its many properties, including the Marvel X-Men and Fantastic Four franchises.
The studio will also gain the rights to the original Star Wars trilogy, as well as the prequel films. This means the studio will have full control over the entire Star Wars universe.
Comcast was competing with Disney to buy Fox, but sources have said Disney would prefer to be paid in Disney stock.
Fox’s international TV networks Sky PL in Europe and India’s Star are also part of the acquisition. It will not include Fox News, Fox Business or Fox Sports.
The acquisition makes Disney the most powerful entertainment company in the world.
Avengers: Infinity War opens in theaters on May 4, 2018. Thor: Ragnarok is now playing in theaters.
Soon Disney will also own air.