It is now official. After over a year of negotiating, approvals, declines, sales, and complicated paperwork, the wait it finally over. It is now confirmed that The Walt Disney Company will be purchasing the assets from 21st Century Fox. This deal has been planned out from over a year, dating back to December 2016.
The two competitors, which own similar content, however different audiences, will be under one roof effective as of March 20, 2019, at 12:02 AM, falling on the Spring Equinox date.
The remainder of 21st Century Fox which will not be purchased wholly by Disney will be split off into the newly-independent Fox Corporation, a holding company formed for this purpose. Fox Corporation will carry on the Fox Broadcasting Network, as well as their over-the-air television stations. Disney will also acquire the Fox Sports Regional Networks, which it must sell before a soon-to-be-given deadline.
With the assets going to Disney, they will gain the film rights to a multitude of Marvel characters, for use within the Marvel Cinematic Universe. Most of these ventures are located within films, created by Marvel Studios.
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