Disney Makes an Official Statement about 21st Century Fox Purchase

Disney’s acquisition of 21st Century Fox was finalized early this morning. Bob Iger, Chairman and CEO of The Walt Disney Company, has released an official statement. 

Here’s what he has to say about the merger:

“This is an extraordinary and historic moment for us—one that will create significant long-term value for our company and our shareholders. 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.”

The combination of Disney and 21st Century Fox will form a collection of franchises that allow viewers to enjoy more entertainment options. Disney’s content will be able to reach father internationally and directly to consumers with the new services like ESPN+, Disney+, and Disney and 21st Century Fox’s combined ownership in Hulu.

Disney has acquired Twentieth Century Fox, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family, Fox Animation, Twentieth Century Fox Television, FX Productions, Fox 21, FX Networks, National Geographic Partners, Fox Networks Group International, Star India, Fox’s interests in Hulu, Tata Sky, and Endemol Shine Group in the multi-billion dollar deal.

21st Century Fox’s broadcast, news, and sports businesses will become part of the Fox Corporation. These include the FOX News Channel, FOX Business Network, FOX Broadcasting Company, FOX Sports, FOX Television Stations Group,sports cable networks FS1, FS2, Fox Deportes and Big Ten Network.

Source: Disney. 

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