Disney and 21st Century Fox acquisition becomes official

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Wednesday, March 20, 2019
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At 12:02 a.m. EST Wednesday, the Disney family is getting a little bigger.

The Disney family is getting a little bigger.

Starting at 12:02 a.m. EST Wednesday, Disney officially acquired 21st Century Fox.

It's a $71.3 billion deal that's been in the making since 2017.

In the mega-deal, Disney is acquiring Fox's film and TV entertainment assets.

The new merger seems to be putting a halt to some projects, like "The New Mutants" and the "Deadpool" movies.

RELATED: Here's what the Disney-21st Century Fox acquisition means for entertainment fans

But, it also means that the X-Men may have a future in the Marvel Cinematic Universe.

SEE ALSO: Disney to acquire 21st Century Fox for $52.4 Billion, Fox News and other parts to spin off

In a statement, Disney Chairman and CEO Bob Iger said:

"This is an extraordinary and historic moment for us-one that will create significant long-term value for our company and our shareholders. Combining Disney's and 21st Century Fox's wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era."

The Walt Disney Company is the parent company of this ABC station.