2017day.year
The Walt Disney Company announces that it would acquire 21st Century Fox, including the 20th Century Fox movie studio, for $52.4 billion.
The Walt Disney Company announced its acquisition of 21st Century Fox for $52.4 billion, reshaping the global media landscape.
On December 14, 2017, Disney revealed plans to acquire most of 21st Century Fox's assets, including the 20th Century Fox film studio, for approximately $52.4 billion in stock. The deal, one of the largest media mergers in history, aimed to combine Disney's content portfolio with Fox's extensive film and television libraries. It was designed to strengthen Disney's position in the streaming market and expand its direct-to-consumer offerings. Regulators in multiple countries reviewed the merger for antitrust implications, leading to divestitures in pay-TV assets. The announcement sent shockwaves through the entertainment industry, prompting competitors to pursue their own consolidation deals. Upon completion, the acquisition significantly boosted Disney's global reach and intellectual property holdings, including lucrative franchises such as X-Men and Avatar. The merger has since influenced the strategic direction of major studios worldwide.
2017
The Walt Disney Company
21st Century Fox
20th Century Fox