Fully effective at 12:02 am tomorrow, The Walt Disney Company’s acquisition of 21st Century Fox’s entertainment assets will be entirely complete. The deal will bring key Fox assets under Disney’s umbrella alongside Pixar, Marvel, and Lucasfilm.
21st Century Fox released the following statement concerning the merger in the wake of this day of transition:
“Twenty-First Century Fox, Inc. (“21CF”) (NASDAQ: TFCFA, TFCF) announced that it has today completed the distribution of all issued and outstanding shares of Fox Corporation (“FOX”) common stock to 21CF stockholders (other than holders of the shares held by subsidiaries of 21CF) on a pro rata basis (the “Distribution”). 21CF and FOX are now each a standalone, publicly traded company. FOX Class A common stock and FOX Class B common stock are now listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbols “FOXA” and “FOX,” respectively. 21CF Class A common stock and 21CF Class B common stock, which were formerly listed on Nasdaq under the symbols “FOXA” and “FOX,” respectively, are now listed on Nasdaq under the symbols “TFCFA” and “TFCF,” respectively.”
The deal returns the character rights of the X-Men and the Fantastic Four to Marvel, as well as adds an extensive library of IP at the disposal of the Mouse House. This includes The Simpsons, Avatar, 24, Planet of the Apes, Kingsman, and more.
Also read: James Gunn Issues Statement Following Disney Rehire
Directed by Joe and Anthony Russo, Avengers: Endgame reportedly stars Robert Downey Jr., Chris Hemsworth, Mark Ruffalo, Chris Evans, Scarlett Johansson, Benedict Cumberbatch, Don Cheadle, Tom Holland, Chadwick Boseman, Paul Bettany, Elizabeth Olsen, Anthony Mackie, Sebastian Stan, Frank Grillo, Letitia Wright, Dave Bautista, Zoe Saldana, Josh Brolin, Chris Pratt, Jeremy Renner, Evangeline Lilly, Jon Favreau, Paul Rudd, and Brie Larson. Check out the synopsis below:
“A culmination of 22 interconnected films the fourth installment of the Avengers saga will draw audiences to witness the turning point of this epic journey. Our beloved heroes will truly understand how fragile this reality is and the sacrifices that must be made to uphold it.”
Avengers: Infinity War is now on Digital and Blu-ray, while Avengers: Endgame hits theaters on April 26th, 2019.
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