The merger comes ahead of Disney's planned launch of its new streaming service Disney+ later this year, part of Iger's strategy of reorientating the company with a set of direct-to-consumer services that also includes ESPN+ and Hulu, in which Disney will now have majority control. "This is a now or never opportunity", proclaims Beat Shazam host Jamie Foxx in the mash-up of The Simpsons, sports, unscripted and some past and current faves like Empire, 9-1-1 and Seth MacFarlane's The Orville.
Walt Disney Co closed its $71 billion acquisition of Twenty-First Century Fox Inc's film and television assets on Wednesday, giving its upcoming streaming service a range of popular content as it takes on Netflix Inc.
Or as the sizzle spells out: Get Ready For A Fresh Start.
An independence that they clearly were putting out the happy dance red carpet for tonight.
21 Century Fox yesterday completed the spin-off of the principally linear broadcast assets that will comprise the new Fox Corporation, including Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network.More news: Trump slams Russia probe but says report should be public
With the formalities out of the way, Disney will now shift its focus to an investor day on April 11, when the company will unveil more details about Disney+. Personnel decisions over the past few months reflect a virtual Fox takeover of Disney's TV business, with Fox President Peter Rice overseeing the combined company's entertainment channels and TV studio chief Dana Walden leading production. Blue Sky Studios and their output are also included in the package, with the Ice Age and Rio films, Robots, Horton Hears a Who! Along with the estimated 4,000-10,000 layoffs of Fox employees, Disney's near-monopolistic dominance in cinema will likely put further pressure on consumers, theatre chains, and smaller film studios like Sony, Paramount, and Lionsgate. "I think it's bad for consumers and anti-competitive - deeply anti-competitive".
Spies in Disguise will be the first animated Fox movie released by Disney. As you know, Disney has never been short on ambition.
"I wish I could tell you that the hardest part is behind us; that closing the deal was the finish line, rather than just the next milestone", he said.
"Combining Disney's and 21st Century Fox's wealth of creative content and proven talent creates the pre-eminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era".
Less safe is the Fox-made X-Men chapter New Mutants, helmed by Josh Boone, which, though still now working towards an August release date, is being described as "troubled", according to THR.