Disney completes $71B acquisition of much of Fox entertainment

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Other new directors at Fox Corporation include long-time Murdoch executive Chase Carey, along with Aragon Global Holdings founder Anne Dias and Roland Hernandez, a former chief executive officer at Telemundo Group.

House Speaker Paul Ryan (R-WI), speaks about the Republican tax reform legislation now before Congress, during his weekly briefing on Capitol Hill in Washington, on December 14, 2017. Fox, now mainly comprising news and sports-reporting divisions, is $71.3 billion richer for it, although initial projections of the total hovered around $66 billion.

"We are thrilled to welcome our new colleagues to the Fox board", said Lachlan Murdoch, who serves as the Fox Corp. CEO.

Keep reading ComingSoon.net for future details on Disney's acquisition of the 21st Century Fox assets!

"This is an extraordinary and historic moment for us - one that will create significant long-term value for our company and our shareholders".

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The company issued the announcement early Tuesday, which is the same day it finalized its split from 21st Century Fox.

It plans to launch its new streaming service Disney Plus later this year as it challenges Netflix for future audience share.

President Donald Trump is an attentive and loyal viewer of the company's news channel, and has had two of its prime-time hosts - his close confidant Sean Hannity and Jeanine Pirro - directly address his supporters at rallies. It came up with deals to keep shows like "The Simpsons" and "Family Guy".

The mega-deal sees Disney absorbing the Fox film and TV studios, the FX networks, National Geographic and Indian TV giant Star India in a huge boost to its content. Ryan and Rupert Murdoch have been friendly for many years. While we know the key elements of the deal, it remains unclear what the future of many of Fox's properties - including X-Men - will be in the Disney era.