Television

It’s Official: Disney Acquires Fox Film and TV Arms in $52.4 Billion Deal

It's Official: Disney Acquires Fox Film and TV Arms in $52.4 Billion Deal

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The Walt Disney Company has made their mega-deal with 21st Century Fox official, acquiring the company’s film and television studios in a massive acquisition valued at $52.4 billion.

The companies also announced that Disney boss Bob Iger has extended his contract as chairman and CEO through 2021. Iger, who also oversaw Disney’s acquisitions of Pixar ($7.4 billion), Lucasfilm and Marvel ($4 billion each), had previously been set to depart his post in 2019, per THR . Now, he will stick around to oversee the company’s biggest get yet.

Fox’s film offshoots that now fall under the ever-expanding Disney umbrella include Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, which are home to movies like Avatar (and its many forthcoming sequels ), X-Men , Fantastic Four and Deadpool —all of which can now be absorbed into Disney’s Marvel Cinematic Universe—as well as more critically acclaimed fare like The Grand Budapest Hotel […]

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