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Take effect!Disney's merger with 21st century fox announced officially

Date: 2019-03-20

On March 20, 2019 02 minutes 12 PM (eastern time on March 20, 12 am 02), the Walt Disney company offer for the 21st century fox took effect, the merger will bring unprecedented high quality content to global consumers and outstanding talent.

With 21st century fox's extensive business and the character series, Disney can be more attractive for consumers in the world high quality content and entertainment choices, meet growing consumer demand, at the same time to expand its international territory.

The influence of the 21st century fox in the United States and Eurasia, would also allow Disney to further expand its capability of providing direct service consumer entertainment products, including ESPN for sports fans to create + and will be launched at the end of 2019 Disney + streaming video on demand service.

The Walt Disney company's chairman and chief executive Robert iger said:

"For us, this is a special historic moment, it will create huge long-term value for our company and the shareholders.Through will come from Disney and 21st century fox is rich in content and outstanding creative talents fuses in together, we will create a prominent entertainment company in the world, to lead the era of full of vitality and change well prepared."

The acquisition includes the 21st century fox film production business, including 20th century fox, fox searchlight pictures and fox, fox, fox 2000 family animation.Owns including "x-men", "avatar" and other popular movie series.

Fox television creative business, including the 20th century fox, FX production and Fox21.Owns "the simpsons", "modern family", a hit television show, etc.

Fox television international business, including cable television, national geographic channel, FX fox international group, India's Star television network;And fox in Hulu, TataSky and EndemolShine Group of the company, Disney and 21st century fox to aol will consolidate the ownership of the streaming media service provider Hulu also.

In addition, Disney will be stripped of the 21st century fox regional sports network.Earlier, in the 21st century fox finished 21st century fox news, sports, and broadcasting business spin-off, including fox news channel, fox business network, the fox broadcasting company, fox, fox television group and cable sports channel FS1, FS2, FoxDeportes and ten major league fox network, and the rest of the assets and liabilities, formally became a focus group.