Disney Completes $71.3 Billion Acquisition of 21st Century Fox

After first confirming its plan to acquire certain parts of 21st Century Fox in December 2017, today The Walt Disney Company has officially closed its $71.3 billion acquisition of Fox (via The Hollywood Reporter). The deal had to go through various regulatory and antitrust reviews, and Disney saw a bit of competition with Comcast for Fox's assets throughout 2018.

walt disney logo
Now, Disney owns 20th Century Fox Film and Television studios, the FX stable of networks, National Geographic, and the Fox-related cable and international TV businesses, like India's Star India. The acquisition has also made Disney the majority owner of Hulu thanks to Fox's 30 percent stake in the streaming service, combined with Disney's existing 30 percent stake. Disney is said to also be looking into acquiring WarnerMedia's 10 percent Hulu stake, but will leave the service as it is and focus mainly on its upcoming Disney+ platform instead of altering Hulu.

For Disney+, the company now has a huge back catalog of Fox films and TV shows to bolster its not-yet-released streaming service, and potentially entice more customers to join. It's already been confirmed that Disney+ will host "the entire Disney motion picture library," signaling the end of the Disney Vault in the process and allowing subscribers to stream any Disney film they desire.

There will also be new original TV shows and films based on Disney properties, like The Mandalorian set in the Star Wars universe, and a Marvel show focused on Tom Hiddleston's Loki. Disney plans for the service to be family-friendly and educational, with shows based on Monsters, Inc. and documentaries about Walt Disney Imagineering. This content will now be combined with Disney-owned Fox properties, including films from the X-Men and Avatar franchises, and many more.

The impact of the acquisition is expected to lead to between 4,000 and 10,000 layoffs. What's leftover of the new Fox Corporation will now focus on news and sports in the United States more so than entertainment programming, including the Fox broadcast network, TV stations, the Fox News channels, and Fox Sports, none of which Disney acquired.

Disney's interest in Fox started with its bid to acquire a large portion of Fox's assets for $52.4 billion in stock in late 2017. Comcast entered with its own $65 billion cash offer for Fox's assets, leading to Disney's increased $71.3 billion cash and stock bid in June 2018. At the time that it bowed out of the running for Fox, Comcast CEO Brian L. Roberts congratulated Disney and its CEO Bob Iger and commended the Murdoch family and Fox "for creating such a desirable and respected company."

With the acquisition, Disney+ is also becoming a big competitor to current and future streaming services like Netflix, Hulu, and Apple's own TV service, which is set to be unveiled next week. Apple's platform is taking the Disney+ approach, with many original TV shows and films produced by Apple that will be mixed in with purchased content from third parties. We don't know yet how much Apple's service will cost or what shows will be available at launch, but we should get more details in just a few days, as the company's "It's Show Time" event kicks off on Monday, March 25 at 10:00 a.m. Pacific Time.

Tags: Disney, Fox

Top Rated Comments

JagdTiger Avatar
26 months ago
Going to be one big monopoly soon...people should boycott the entertainment industry.
Score: 16 Votes (Like | Disagree)
Jsameds Avatar
26 months ago
As the streaming market is broken up by things like this, people will be pushed back to piracy.

We will have come full circle. Hollywood just doesn't get it.
Score: 9 Votes (Like | Disagree)
Caliber26 Avatar
26 months ago
And, all I'm asking for is one of those billions. I don't think that's an unreasonable request.

These Simpsons predictions never fail to disappoint me and the more I see them, the more I become convinced that none of it is by coincidence.
Score: 7 Votes (Like | Disagree)
jsmith189 Avatar
26 months ago
And, all I'm asking for is one of those billions. I don't think that's an unreasonable request.

Score: 6 Votes (Like | Disagree)
gigapocket1 Avatar
26 months ago
Disney just knows how to always stay on top.. theirs just nothing left to say. You have to give them credit lol.
71 billion is alot right now. but its that type of move that will keep them around for the next 30+ years as the leader of media entertainment
Score: 5 Votes (Like | Disagree)
Intellectua1 Avatar
26 months ago
This Disney Streaming service is sounding more and more like the one to have every time I read about it. Apple is crazy to think competing in the video streaming business was a great idea, I predict their service will flop. Things will come down to Netflix and Disney
Score: 5 Votes (Like | Disagree)

Top Stories

microsoft edge ios android

Bill Gates Says His Preference for Android Over iPhone is Due to Pre-Installed Software

Friday February 26, 2021 3:35 am PST by
Microsoft co-founder Bill Gates this week participated in his first meeting on Clubhouse, the increasingly popular invite-only conversation app, where he fielded a range of questions as part of an ongoing book tour. Gates was interviewed by journalist Andrew Ross Sorkin, and given that the Clubhouse app is currently only available on iOS, naturally one of the questions that came up was...
First Look Big Sur Feature2

Apple Releases macOS Big Sur 11.2.2 to Prevent MacBooks From Being Damaged by Third-Party Non-Compliant Docks

Thursday February 25, 2021 10:07 am PST by
Apple today released macOS Big Sur 11.2.2, the fourth update to the macOS Big Sur operating system that launched in November. macOS Big Sur 11.2.2 comes two weeks after the release of macOS Big Sur 11.2.1, a bug fix update. The new ‌‌‌‌macOS Big Sur‌‌‌ 11.2.2‌ update can be downloaded for free on all eligible Macs using the Software Update section of System Preferences....
flat mbp 14 inch feature yellow

Redesigned 14-Inch MacBook Pro Expected to Feature Brighter Mini-LED Display With Slimmer Bezels and More

Thursday February 25, 2021 7:48 am PST by
Apple plans to unveil new 14-inch and 16-inch MacBook Pro models with Mini-LED-backlit displays in the second half of this year, according to industry sources cited by Taiwanese supply chain publication DigiTimes. The report claims that Radiant Opto-Electronics will be the exclusive supplier of the Mini-LED backlight units, while Quanta Computer is said to be tasked with final assembly of the...
Top Stories 47 Feature copy

Top Stories: MacBook Pro, iMac, and AirPods Rumors, macOS 11.2.2, MagSafe Wallet Revisited

Saturday February 27, 2021 6:00 am PST by
March is right around the corner, and that means our first good opportunity for Apple product launches in 2021 as the company frequently has significant launches in March or April each year. We're hearing rumors about MacBook Pro, iMac, AirPods, and more, although many of these will be coming out at different times over the course of the year. This week also saw a macOS update to address a ...
maxresdefault

HomeKit Essentials Worth Checking Out

Saturday February 27, 2021 7:05 am PST by
HomeKit was slow to take off after its 2014 launch, but now that it's been around for seven years, there are hundreds of HomeKit products available, ranging from doorbells and speakers to TVs, lights, and cameras. In our latest YouTube video, we rounded up some of our favorite HomeKit products that we find most useful. Subscribe to the MacRumors YouTube channel for more videos. HomePod...
apple store macarthur center

Apple Store at MacArthur Center in Virginia Permanently Closing Following Years of Safety Issues at Shopping Mall

Thursday February 25, 2021 4:45 pm PST by
Apple today indicated that its retail store at the MacArthur Center shopping mall in Norfolk, Virginia will be permanently closing after over 14 years of business, although an exact closure date has yet to be announced by the company. Apple has assured that it will be offering all employees at the store other positions within Apple, and said that it looks forward to continuing to serve...
jon prosser imac 2021colors

Prosser: 2021 iMac to Come in Five Colors, Apple Silicon Mac Pro to Resemble 'Stacked' Mac Minis

Wednesday February 24, 2021 7:26 am PST by
Hit-and-miss leaker Jon Prosser has today alleged that the upcoming 2021 iMac models will offer five color options, mirroring the colors of the fourth-generation iPad Air, and revealed a number of additional details about the Mac Pro with Apple Silicon. In a new video on YouTube channel FrontPageTech, Prosser explained that the redesigned iMacs will come featuring options for Silver, Space ...
apple refurbished m1 mac mini

Apple Begins Selling Refurbished M1 Mac Mini

Thursday February 25, 2021 6:42 pm PST by
Apple today began selling certified refurbished Mac mini models with the M1 chip for the first time in the United States and Canada, with prices discounted by approximately 15 percent compared to brand new models as usual. For example, a refurbished Mac mini with the M1 chip, 256GB of SSD storage, and 16GB of unified memory is available for $759, compared to $899 brand new. Other custom...
mac mini developer transition kit photo feature

Apple Requiring Developers to Return DTK Mac Minis by March 31

Friday February 26, 2021 3:57 pm PST by
Apple today sent out emails to developers who are in possession of a Developer Transition Kit, asking them to return the machines by March 31. The Developer Transition Kits are Mac minis with A12Z chips that Apple provided for development purposes ahead of the release of the M1 Macs. Apple in the emails provided developers with shipping instructions, and plans to begin collecting the DTKs...
m1 mac mini

M1 Mac Users Report Excessive SSD Wear

Tuesday February 23, 2021 7:07 am PST by
Over the past week, some M1 Mac users have been reporting alarming SSD health readings, suggesting that these devices are writing extraordinary amounts of data to their drives (via iMore). Across Twitter and the MacRumors forums, users are reporting that M1 Macs are experiencing extremely high drive writes over a short space of time. In what appear to be the most severe cases, M1 Macs are sai...