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Disney buys Fox as Hollywood girds for digital showdown - CNET

The "X-Men" franchise is among 21st Century Fox assets that Disney will collect in its deal. 21st Century Fox

If "Avengers vs. X-Men: The Synergy Wars" ends up at a theater near you, here's why the movie was made.

The Walt Disney Co. agreed on Thursday to buy major parts of 21st Century Fox in a $54.2 billion deal, a dramatic example of Hollywood companies joining forces amid growing competition from digital powerhouses, like Netflix and Amazon.

The deal includes the 21st Century Fox film and television studios, as well as a cable group that comprises FX Networks, National Geographic, 300-plus international channels and 22 regional sports networks. It also doubles Disney's stake in video-streaming service Hulu to 60 percent, putting a question mark over the future for one of the main US streaming video services.

The total deal is worth $66.1 billion, but that includes $13.7 billion of debt.

The combination solidifies Disney's position as the world's biggest traditional...(continued)

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