Former House Speaker Paul Ryan joins new Fox Corp.'s board

Former House Speaker Paul Ryan joins new Fox Corp.'s board

Deadpool star Ryan Reynolds welcomed the $71 billion Walt Disney Co. acquisition of 21st Century Fox in his own inimitable style. For starters, Fox controlled rights to various Marvel Comics properties - foremost X-Men and Fantastic Four - which will likely be integrated into Disney's Marvel Cinematic Universe.

Disney said the acquisition would help "increase its worldwide footprint" and "expand its direct-to-consumer offerings", which includes ESPN+, plus its much-anticipated video streaming service Disney+, set to launch in late 2019.

Disney also said Kevin Mayer and James Kapenstein have stepped down from its board.

Fox Corporation becomes stand-alone company as Disney deal set to close

Former House speaker Paul Ryan is joining the board of directors of the new Fox Corp.

On Tuesday, Disney also completed the separation of assets of 21st Century Fox. "At a time of dynamic change in the entertainment industry, the combination of Disney's and Fox's unparalleled collection of businesses and franchises will allow us to create more appealing high-quality content, expand our direct-to-consumer offerings and worldwide presence, and deliver more personalized and compelling entertainment experiences to meet growing consumer demand around the world".

X-Men and other movies from Fox's studios could be added to Disney's upcoming streaming service.

The Disney-Fox deal will go through at 12:02 a.m. According to THR Disney will only be moving over Fox's Deadpool as a permanent resident, coinciding with earlier comments from Disney CEO Bob Iger that an R-Rated Deadpool could still be a part of the studio. Let us know in the comments!

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

With the $71billion buyout finalizing just after midnight on Tuesday, Disney becomes the owner of many other franchises besides, including The Simpsons, Avatar, Alien, Predator, The X-Files, Die Hard, and Planet of the Apes.

Essentially, the Mouse House was already incredibly powerful with its own content and grew stronger when it acquired Marvel Entertainment in 2009 and Lucasfilm in 2012. Disney will also get Fox's 30 percent ownership of Hulu, giving Disney a controlling share of 60 percent.

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