Gadgetory

it's official Fox is moving into the house of mouse Disney announced it was purchasing a large chunk of assets from 21st Century Fox 450 4.2 billion dollars of its stock in a mega deal worth sixty six point 1 billion dollars it's one of the biggest moves in the film business with almost all of Fox headed to the Walt Disney Company including its movie and TV studios entertainment cable channels and intellectual properties the only assets not part of the deal are Fox News the Fox broadcast channel Fox Sports 1 and the company's real estate portfolio the news comes as Disney attempts to grow and launch its own streaming services as competitors to options like Netflix it might be a geeks dream merger since it brings the rights to ip's like x-men and Fantastic Four under Disney's watchful eye but there are also critics of the deal who say it's anti-competitive this purchase eliminates one of the six major studios in Hollywood and in 2016 Fox and Disney combined for over 40% of market share so the merger could be considered dangerously close to monopoly territory Disney CEO Bob Iger lauded the deal in a statement saying quote we're excited about this extraordinary opportunity to significantly increase our portfolio of well-loved franchises and branded content to greatly enhance our growing direct-to-consumer offerings unquote it remains to be seen whether the Department of Justice will approve the sale Tiger expects the review to last 18 months but if the pact holds it's expected to dramatically alter the landscape of entertainment what do you think will happen drop your predictions down in the comments for more check out cnet.com I'm Ashley sceva be good humans