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Disney has completed its $ 71 billion acquisition of Rupert Murdoch's entertainment business, bringing franchises such as Cinderella, The Simpsons and Star Wars under one roof, to create an unprecedented media giant.
The Walt Disney Company concluded Wednesday the acquisition of 21st Century Fox shortly after midnight, New York time.
As part of the agreement, Disney will integrate content from Fox film and television studios, FX networks, National Geographic and Indian TV giant Star India.
She plans to launch her new streaming service, Disney Plus, later this year, as she launches a challenge to Netflix for a future audience share.
Before the takeover, Disney already had a scary content catalog, including clbadic cartoons, Star Wars and many Marvel characters.
After buying Fox, he will be able to add brands such as X-Men and Deadpool to his portfolio, as well as Netflix and Amazon.
The agreement also gives Disney greater control over TV shows and movies from start to finish – from program creation to distribution, to TV channels, theaters, streaming services, and more. ways to watch entertainment programs. Disney would get valuable information about customers and their entertainment viewing habits, which they could then use to sell advertising.
In a statement, Robert Iger, president and CEO of the Walt Disney Company, welcomed the decision.
"This is an extraordinary and historic moment for us – a time that will create significant long-term value for our company and our shareholders.
"The combination of the rich creative content of Disney and 21st Century Fox and its proven talents creates the world's leading entertainment company, well positioned to lead an incredibly dynamic and transformational era."
This decision immediately reduced the number of major Hollywood studios, ending the "Big Six" era. Warner Bros, Universal, Sony Pictures and Paramount Pictures are now a Big Five with Disney.
This has also sowed doubt about the jobs of potentially thousands of workers, with experts predicting that up to 4,000 jobs could be removed.
Murdoch, the former billionaire of 21st Century Fox's executive co-chair, wrote a letter to his employees two days before the finalization of the takeover, thanking them for their work.
Some of Fox's other properties, including its press and sports businesses, have been transferred to the new Fox Corporation.
Disney also doubled its 30% stake in the Hulu streaming service, making it by far the biggest player.
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