Disney has just completed its acquisition of 21st Century Fox today, changing the landscape of the entertainment industry as the Mickey Mouse House balloons to an even larger size. Now that the $71 billion merger is finally coming into effect, Disney has decided to release its official statement.
Posting on its official website, Bob Iger, the Chairman and Chief Executive Officer of the Walt Disney Company, talks about the deal between Fox and the Mickey Mouse House, celebrating another momentous occasion for Disney.
"This is an extraordinary and historic moment for us—one that will create significant long-term value for our company and our shareholders," Iger said in the statement. "Combining Disney's and 21st Century Fox's wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era."
When the acquisition comes into effect, Disney will own 21st Century's various film and television assets. This includes 20th Century Fox, Fox Searchlight Pictures, Fox Family and Fox Animation, Fox 2000 Pictures, Fox television creative units, FX Productions and Fox 21, Twentieth Century Fox Television, FX Networks, Fox Networks Group International, National Geographic Partners, and Star India.
It will also include the company's interests in Tata Sky, Hulu, and the Endemol Shine Group.
The completion of the merger is definitely big news for Marvel fans. Everyone is anticipating the arrival of the X-Men, Fantastic Four, and all of Fox's other mutants into the MCU. Now that the deal between Disney and Fox is complete, it's only a matter of time.
Marvel's latest film, Captain Marvel, is currently screening in cinemas.