By Venetia Faye.

After weeks of negotiations, it is official. The Walt Disney Company have completed the deal to buy Film and TV assets from 20th Century Fox.

Disney’s New Assets

With this being one of, if not the biggest deal in entertainment history, many are excited to see more of the details unfold. The deal worth roughly $52.4 billion will grant Disney the rights to many of our favourite TV and Film franchises. Marvel components are involved in this deal, making avid comic book fans extremely happy. The battle between the X Men and The Avengers could be coming sooner than we think. Disney have also gained the rights to the historic Star Wars Trilogy, having full control over the cinematic universe.

Although, this may be great news for Film and TV fans, Disney’s competitors may have some trouble on their hands, with this deal, the company now have almost a third of box office revenue after these acquisitions.  It may also be bad news for people working at 20th Century Fox who could potentially lose their jobs; due to cost cuts or potential conflicts of interest.

Disney also has ownership rights to ‘The Simpsons’ and best selling film of all time ‘Avatar’, as well as online streaming platform Hulu, directly competing with Netflix, Amazon and Apple. Disney CEO Bob Iger has extended his contract to oversee this deal, which will take eighteen months to go through.

What are your thoughts on this deal? Let us know!

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