Muvi Blogs

Beyond The Buzz- Latest Insights From Muvi

Disney closes Acquisition Deal with 21st Century Fox for $71 Billion 29 March 2019

Disney closes Acquisition Deal with 21st Century Fox for $71 Billion

The Walt Disney Company finally completes its acquisition of 21st Century Fox for $71 billion. With this deal, Disney is all set to roll out its direct-to-consumer (DTC) streaming strategy and expand its presence to new audiences worldwide.

Disney’s DTC is expected to launch later this year and will mainly include Disney+, ownership interest in Hulu, and ESPN+.

In a press release, Disney termed the acquisition, “an unprecedented collection of content, talent, and technologies”. As per reports, the incredible acquisition involves 20th Century Fox, Fox21, Star India, National Geographic partners, and other Fox’s assets.

Don't forget to share this post!


Latest Posts

Coupon code: INDEPENDENCE25OFF
Get the Deal
Offer Valid till July 10th. T&C apply
close-link