Disney-Fox mega-deal set to close March 20

14 Mars, 2019, 05:39 | Auteur: Auguste Feret
  • Disney-Fox mega-deal set to close March 20

The massive merger will finally go into effect later this month. The $71.3 billion deal is scheduled to become effective at 12:02 a.m. The purchase includes Twentieth Century Fox Film and Television studios, along with cable and worldwide TV properties.

It also vastly reduces the empire of media mogul Rupert Murdoch and his family, who are planning a "new Fox" that includes the United States broadcast network and the Fox News Channel.

As a result of the deal, Disney will now add Fox's many film and TV properties, including Avatar, The Simpsons, FX Networks, and National Geographic to its own portfolio.

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Previously, Fox's ownership of the rights to the X-Men and Fantastic Four prevented characters like Wolverine, Professor X and the Human Torch from appearing in the MCU. Fox also owns a stake in BOOM! As stipulated by a settlement between Disney and the U.S. Department of Justice, those divestitures can continue for a short time beyond the main deal's projected closing, but are expected to conclude this year.

Walt Disney Co said Tuesday it would close its blockbuster deal for the film and television assets of 21st Century Fox on March 20, a deal likely to reshape the media-entertainment landscape. "The deal will also substantially expand our global reach, allowing us to offer world-class storytelling and innovative distribution platforms to more consumers in key markets around the world".

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