The Walt Disney Company announces that it would acquire 21st Century Fox, including the 20th Century Fox movie studio, for $52.4 billion.

The Walt Disney Company, commonly referred to as simply Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was founded on October 16, 1923, as an animation studio, by brothers Walt Disney and Roy Oliver Disney as Disney Brothers Cartoon Studio; it later operated under the names Walt Disney Studio and Walt Disney Productions before adopting its current name in 1986. In 1928, Disney established itself as a leader in the animation industry with the short film Steamboat Willie. The film used synchronized sound to become the first post-produced sound cartoon, and popularized Mickey Mouse, who became Disney's mascot and corporate icon.

Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor to News Corporation, while the second News Corporation was formed the same day as a spin-off. 21st Century Fox was the legal successor to News Corporation dealing primarily in the film and television industries. It was the United States' fourth-largest media conglomerate by revenue, up until its acquisition by the Walt Disney Company in 2019. The second News Corporation, which is doing business as News Corp, was spun off from the first News Corporation and holds Rupert Murdoch's print interests and other media assets in Australia. Murdoch was co-executive chairman, while his sons Lachlan Murdoch and James Murdoch were co-executive chairman and CEO, respectively.

20th Century Studios, Inc., formerly 20th Century Fox, is an American film production and distribution company owned by the Walt Disney Studios, the film studios division of the Disney Entertainment business segment of the Walt Disney Company. It is headquartered at the Fox Studio Lot in the Century City area of Los Angeles, which is leased from Fox Corporation. Walt Disney Studios Motion Pictures distributes and markets the films produced by this studio in theatrical markets.