Shareholders approved the $71.3 billion merger of Disney and Fox on Friday. The mouse house is now your undisputed entertainment overlords. Disney acquires Fox’s movie studio, including massive franchises, 60 percent ownership of Hulu, as well as cable channels FX, FXX, FXM, and National Geographic.
Disney will now own iconic movie franchises including Alien, Predator, Planet of the Apes, Home Alone, Night at the Museum, Alvin and the Chipmunks, Ice Age, Diary of a Wimpy Kid, Die Hard, Rio, Avatar, Kingsman, and Independence Day. Disney owns all of the Marvel universe and characters by obtaining the previously Fox-owned X-Men, Deadpool, and Fantastic Four properties.
Disney not only unifies the Marvel universe, but also unifies the Star Wars universe. When Disney bought Lucasfilm in 2012 for $4 billion, Disney purchased the rights to all of the Star Wars movies except the original Episode IV – A New Hope from 1977.
Disney will get a plethora of major TV shows including The Simpsons (and of course The Simpsons predicted the merger years ago), Family Guy, Bob’s Burgers, American Dad, Futurama, King of the Hill, Legion, The Americans, American Horror Story, 24, Buffy the Vampire Slayer, Hill Street Blues, M*A*S*H, The Mary Tyler Moore Show, The Shield, The Orville, Atlanta, Fargo, Archer, Modern Family, and It’s Always Sunny in Philadelphia. Disney will also own 50 percent of Endemol Shine Group which created Big Brother, MasterChef, and The Biggest Loser. Disney continues their march towards complete entertainment domination by owning large chunks of Atom Tickets, Gamefly, and Draftkings.
Fox will exit the TV and movie business to focus more on sports and news by keeping Fox News, Fox Sports, and the Fox broadcasting network. Disney had nearly merged with Fox in December, but Comcast attempted to swoop in to buy Fox’s entertainment properties for $65 billion. Disney countered with $71.3 billion and now owns all of your childhood entertainment memories. The sale still needs to be approved by the U.S. government as well as regulatory boards from around the world. If all goes well, the merger will be approved sometime next year.