Disney and Fox Nab a Combined 37 Oscar Nominations

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Disney and Fox Nab a Combined 37 Oscar Nominations

Earlier this week the 2019 Academy Awards nominations were released after what has already been a widely talked about show. After all of the announcements were made,  Disney, Pixar, Marvel, and Lucasfilm received a total of 17 nominations, and 21st Century Fox received 20 nominations. Combined, the two studios totaled 37 nominations setting both companies up for what could be a very successful awards night. Chairman and CEO of The Walt Disney Company, Bob Iger pointed out the unprecedented number of nominations in a congratulatory tweet issued Tuesday evening after the official Oscar announcements earlier that morning. With the recent merger of the two companies, Walt Disney Company executives have a lot to celebrate.

Presently, Disney and 21st Century Fox are two separate entities, but soon will be one with Disney at the helm. The deal, originally a $52.4 billion purchase ultimately closed at $71.3 billion after Comcast came in with a $65 billion all-cash offer.  When the dust settled The Walt Disney Company was victorious in acquiring a major piece of 21st Century Fox. Among the divisions included are both the television and film production studios, as well as a major piece of the streaming service Hulu.

The merger was approved by shareholders late last year in two separate meetings. Disney shareholders gave the green light first. Shareholders of the Murdock owned company voted just after the confirmation from Disney. A few regulatory agency approvals are still needed before anyone can make the final signature on the dotted line. However, the critical go-ahead from the Department of Justice has been received.

This purchase poises Disney to make the move from media giant to media empire. With the launch of the Disney+ streaming service later this year, chairman of Walt Disney direct-to-consumer and international offers division, Kevin Mayer and his team are set to take on Netflix head-on.

Tune in to the 2019 Oscars on February 24th to see how many gold statues the Disney affiliated studios and 21st Century Fox bring home.

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