Disney has acquired a large piece of 21st Century Fox for $62B.
The deal combines 2 of Hollywood’s 6 major film studios under one roof.
Verizon and Comcast were also pursuing the deal.
Below is how the deal compares to past Hollywood mergers:
The remaining Fox company will be spun off with assets including:
1) Fox News
2) Fox Business cable news networks
3) FS1 cable sports channel
4) The Big Ten Network
5) 28 local TV stations
6) Fox broadcast network.
More. Disney’s Fox acquisition means the end of Hulu as we know it
Updated Hulu ownership:
1) Disney: 60%
2) Comcast: 30%
3) Time Warner: 10%