The big story in entertainment and the business world today is the official announcement of Disney acquiring a hefty portion of the assets of 21st Century Fox for a huge price of $52.4 billion. If the deal is approved by various regulators, then the whole thing should be finalized lock, stock and barrel by about this time next year. Here's what Disney gets out of the deal: *Foxs 30 percent stake in Hulu, which coupled with Disney's 30%, will give Disney majority control over the streaming service. Comcast (30 percent) and Time Warner (10 percent) are minority owners. *The cable channels FX, FXX, FXM and National Geographic. *Stakes in international TV providers Sky and Star, located in the UK and India respectively. *22 regional sports networks that have local telecast rights to numerous Major League Baseball, NBA and NHL franchises. *The 20th Century Fox studio business. The studio produces 36 current TV series ranging from Modern Family to The X-Files to This Is Us to The Simpsons, and its film business includes the X-Men franchise, James Camerons Avatar sequels and specialty divisions Fox Searchlght and Fox 2000. Disney will also own the extensive TV and movie libraries from the studio. Here's what Fox keeps: *The FOX broadcast network. Federal regulations prohibit one company from outright ownership of more than one broadcast network and Disney already owns ABC. *28 owned-and-operated local TV stations. *Cable channels Fox News, Fox Sports 1 and 2, Fox Business and the Big Ten Network. *The 20th Century Fox studio lot in Los Angeles. A couple of things have generally been talked about the most concerning the deal. For one, Disney's stake in Hulu is the first step in the company eventually going into competition with Netlix. Neflix currently has a lot of Disney programming and movies airing on its service, and even more of the content will be Disney owned when/if the deal successfully goes through, and all the content will be pulled to air on Hulu instead. For another, and this has more to do with fan anticipation than anything else, it will allow Disney to incorporate any and all things X-Men into Marvel's extended cinematic and TV universe. My guess, and that's all it is, is that the whole X-Men franchise will be rebooted in order to streamline everything, especially since Wolverine is dead in Fox's franchise. Disney has bought up a ton of entertainment real estate over the past 5 years, including Marvel Comics and Star Wars for about $4.5 billion each; someway, somehow, I very much expect Disney to attempt to cross the two over at some point in the next 10 years or so.