After more than a year of work on final approval, the lengthy process of acquiring 21st Century Fox by Disney has been completed.
The merger took place at 12:02 ET and gave Disney full control of a number of 21st Century Fox companies, including the company's entire film studio division, the 30 percent stake in Hulu streaming service, and the Fox Television Group. The acquisition has been approved by antitrust authorities around the world in recent months. Despite the acquisition, Fox Corp. also in the United States maintain their independence and entities such as Fox News and Fox Sports.
"This is an exceptional and historic moment for us ̵
Disney now holds a dominant 60 percent stake in Hulu, and analysts predict that Iger will seek to become even more owner of the streaming service. He has told investors several times that he has no plans to leave the ship, even if Disney is ready to start his own streaming service Disney +. Iger wants to increase spending on the programming side of Hulu and make it international. It would make Hulu, which already has 25 million subscribers in the United States, more of a competitor to Netflix. And when Disney expands Hulu to the European market, it means more original content and licenses for European series, as it's mandatory due to new imposing streaming services, or the X-Men appear in the Marvel Cinematic Universe. Iger said there's a place for movies like Fox's superhero films (which are currently under the umbrella of Marvel Entertainment, but not produced by Marvel Studios of Disney), but Disney may not be within the PG 13 Universe is located. R-rated films like Deadpool "will continue," Iger told investors in February, but found they had to stay separate. The same mentality that Iger suggested applies to TV series and movies on Disney + or Hulu. The former must adhere to Disney's family-friendly status quo while Hulu could carry more adult titles.
Kevin Feige, co-president of Marvel Studios, has not much left to hope fans finally join forces with the X-Men. Feige talked about the deal on the Variety Playback podcast in December and noted that while the idea of the returning characters was great, they had not planned anything yet.
Not only content and streaming are affected by the takeover. On the corporate side, both Disney and Fox employees are expected to be affected by the acquisition, which is estimated to free 4,000 employees. It is expected that most of these jobs are roles that are now duplicated. Analyst Rich Greenfield said The Hollywood Reporter said it could be close to 8,000 employees, calling the merger "bloodshed."