Disney’s Acquisition Of 21st Century Fox Is Complete

It’s official. The Walt Disney Company’s purchase of 20th Century Fox is now officially complete. Their official website now reflects that with a banner that mixes established Disney IP and past Fox properties like The Simpsons and Avatar.

The final price was $71.3 Billion. Disney now owns the Fox entertainment division that includes 20th Century Fox, Fox Searchlight, FX network, etc.

https://twitter.com/VancityReynolds/status/1108002378064822272

Fox News, the Fox channel, and the national Fox Sports channels will still be owned by the Fox Corporation.

The deal became official at 12:02 am ET on March 20.

Franchises like Avatar, X-Men, Family Guy, The Simpsons, Alien, Predator, Die Hard, etc. are all under the Disney umbrella now.

Disney CEO Bob Iger released a statement and it can be read here.

“I’m proud to announce the acquisition is complete and 21st Century Fox is now part of The Walt Disney Company. I’d like to welcome our new colleagues, and thank employees on both sides of the deal for your patience and perseverance as we worked through the lengthy acquisition and regulatory process.As you know, Disney has never been short on ambition. We’ve never been satisfied with the status quo, and our vision for this transformative era is our boldest yet. We are rapidly transforming our company to take full advantage of evolving consumer trends and emerging technology in order to thrive in this new and exciting time.”

It’s clear that the Walt Disney Company has become the biggest juggernaut in the entertainment industry.

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