Mickey Mouse buys Fox
It's official.
Fox is moving into the the house of mouse.
Disney announced it was purchasing a large chunk of assets from 21st Century Fox for $54.2 billion of its stock in a mega deal worth $66.1 billion.
It's one of the biggest moves in the film business, with almost all of Fox headed to the Walt Disney Company, including its movie and TV studios, entertainment and cable channels, and intellectual properties.
The only assets not part of the deal are Are Fox News, the Fox Broadcast Channel, Fox Sports 1 and the Companies real estate portfolio.
The news comes as Disney attempts to grow and launch its own streaming services as competitors to options like Netflix.
It might be a geek's dream merger since it brings the rights to IPs like X-Men and Fantastic Four under Disney's watchful eye.
But there's also critics of the field who say it's anti-competitive.
This purchase eliminates one of the six major studios in Hollywood.
And in 2016, Fox and Disney combined for over 40% of market share.
So the merger could be considered dangerously close to monopoly territory.
Disney CEO, Bob Iger, lotted the deal in a statement saying, " We're excited about extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings, unquote.
It remains to been seen whether the Department of Justice will approve the sale.
Iger expects they reviewed it last 18 months but it the packed holds it's expected to dramatically alter the landscape of entertainment.
What do you think will happen?
Drop your predictions down in the comments.
For more, check out CNET.com.
I'm Ashley [UNKNOWN], be good humans.
Up Next
What AirPods Rumors Tell Us About Apple's Health Ambitions
Up Next
What AirPods Rumors Tell Us About Apple's Health Ambitions
What is the Fediverse?
What is the Fediverse?
The Missing Piece to Apple's Eco-Friendly Mission
The Missing Piece to Apple's Eco-Friendly Mission
Boston Dynamics Retires Its HD Atlas Robot
Boston Dynamics Retires Its HD Atlas Robot
Apple and Disney's Unique Bond: Why Vision Pro Needs the Mouse
Apple and Disney's Unique Bond: Why Vision Pro Needs the Mouse
The Ocean Cleanup's System 03 Collects Plastic Pollution at Record Levels
The Ocean Cleanup's System 03 Collects Plastic Pollution at Record Levels
Latest iOS 18 Rumor Roundup: New Designs, AI Tricks
Latest iOS 18 Rumor Roundup: New Designs, AI Tricks
Apple to Talk AI in June: This WWDC Is a Big Deal
Apple to Talk AI in June: This WWDC Is a Big Deal
What Google Gemini AI on the iPhone Could Look Like
What Google Gemini AI on the iPhone Could Look Like
Microsoft Surface Pro 10, Surface Laptop 6 Are Here
Microsoft Surface Pro 10, Surface Laptop 6 Are Here
Tech Shows
Latest News All latest news
What AirPods Rumors Tell Us About Apple's Health Ambitions
What AirPods Rumors Tell Us About Apple's Health Ambitions
Robosen's Megatron Transformer Is Too Much Fun for an Evil Robot
Robosen's Megatron Transformer Is Too Much Fun for an Evil Robot
Apple May Give FineWoven Accessories One More Season
Apple May Give FineWoven Accessories One More Season
US vs. TikTok: What Happens Next
US vs. TikTok: What Happens Next
Battle of the Humanoid Robots: MenteeBot Is Ready
Battle of the Humanoid Robots: MenteeBot Is Ready
What to Expect at Apple's May 7 iPad Event
What to Expect at Apple's May 7 iPad Event
Most Popular All most popular
First Look at TSA's Self-Screening Tech (in VR!)
First Look at TSA's Self-Screening Tech (in VR!)
Samsung Galaxy S24 Ultra Review: More AI at a Higher Cost
Samsung Galaxy S24 Ultra Review: More AI at a Higher Cost
'Circle to Search' Lets Users Google From Any Screen
'Circle to Search' Lets Users Google From Any Screen
Asus Put Two 14-inch OLEDs in a Laptop, Unleashes First OLED ROG Gaming Laptop
Asus Put Two 14-inch OLEDs in a Laptop, Unleashes First OLED ROG Gaming Laptop
Samsung Galaxy Ring: First Impressions
Samsung Galaxy Ring: First Impressions
Best of Show: The Coolest Gadgets of CES 2024
Best of Show: The Coolest Gadgets of CES 2024
Latest Products All latest products
Robosen's Megatron Transformer Is Too Much Fun for an Evil Robot
Robosen's Megatron Transformer Is Too Much Fun for an Evil Robot
Battle of the Humanoid Robots: MenteeBot Is Ready
Battle of the Humanoid Robots: MenteeBot Is Ready
2025 Audi Q6, SQ6 E-Tron: Audi's Newest EV Is Its Most Compelling
2025 Audi Q6, SQ6 E-Tron: Audi's Newest EV Is Its Most Compelling
Hands-On with Ford's Free Tesla Charging Adapter
Hands-On with Ford's Free Tesla Charging Adapter
Nuro R3 is an Adorable Self-Driving Snack Bar
Nuro R3 is an Adorable Self-Driving Snack Bar
First Look: The $349 Nothing Phone 2A Aims to Brighten Your Day
First Look: The $349 Nothing Phone 2A Aims to Brighten Your Day
Latest How To All how to videos
Tips and Tricks for the AirPods Pro 2
Tips and Tricks for the AirPods Pro 2
How to Watch the Solar Eclipse Safely From Your Phone
How to Watch the Solar Eclipse Safely From Your Phone
Windows 11 Tips and Hidden Features
Windows 11 Tips and Hidden Features
Vision Pro App Walkthrough -- VisionOS 1.0.3
Vision Pro App Walkthrough -- VisionOS 1.0.3
Tips and Tricks for the Galaxy S24 Ultra
Tips and Tricks for the Galaxy S24 Ultra
TikTok Is Now on the Apple Vision Pro