Disney buys 21st Century Fox, now owns even more iconic characters

The Walt Disney Company on Wednesday officially closed a $71-billion deal with 21st Century Fox, and now owns the production company.

“This is an extraordinary and historic moment for us — one that will create significant long-term value for our company and our shareholders,” Disney said in a press release.

“The acquisition of 21st Century Fox’s iconic collection of businesses and franchises will allow Disney to provide more appealing high-quality content and entertainment options to meet growing consumer demand.”

For fans though, this means popular 21st Century Fox content has now joined Disney’s wide array of lovable characters.

In fact, many took to Twitter to react to the news, pushing “Disney” to the top of Twitter’s trending list.

Disney has already added 21st Century Fox movies and series to its website banner.

The move is notable, as the company is also set to release its very own on-demand streaming platform dubbed Disney+ later this year.

Feature image: The Walt Disney Company

Shereesa Moodley
More

News

Sign up to our newsletter to get the latest in digital insights. sign up

Welcome to Memeburn

Sign up to our newsletter to get the latest in digital insights.

  • We're currently running this five question poll to gain information on the perceptions of the Samsung brand as well as its smartphone offerings. Please a minute to check the poll's boxes. Thank you

    Start