Disney makes $52.4 billion deal to expand its universe

CEO Bob Iger announced the agreement with Fox's Rupert Murdoch.
3:00 | 12/14/17

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Transcript for Disney makes $52.4 billion deal to expand its universe
that blockbuster deal announced today involving our parent company Disney, spending more than $52 billion to buy a significant portion of 21st century fox. Disney CEO Bob iger sealing the deal with Rupert Murdoch. Tonight, how this deal could change the way many families watch movies, TV, sports, choosing when and where they'll watch, and the list of choices suddenly multiplying. Here's ABC's chiefbusiness correspondent Rebecca Jarvis tonight. Reporter: Tonight, it's the blockbuster $52.4 billion juggernaut deal that takes the major classics of childhood, like "Frozen," "Finding Nemo" and the "Star wars" legacy to include fox and from chizs, with broad appeal like "The simpsons." "Avatar." For super hero fans, it could mean big match-ups like the x-men and fantastic four with marvel. For sports fans, it enhances ESPN's offering, adding 22 regional sports networks. But perhaps most significant for the future, it gives Disney a majority stake in hulu, and lays the groundwork for Disney's own streaming platform in 2019 for tailor made viewing. All with the aim of giving American families what they want when they want it. Disney's CEO Bob iger announcing the historic agreement with fox's co-chairman Rupert Murdoch. The consumer not only will they will be getting more great high quality content, but they'll be getting it in ways that they demand. And Rebecca covering this all day long. We know one piece of the Murdoch empire not in this deal is fox News. That's being spun into a separate company that will be led by the murdochs. Curious all day today how president trump would respond to this deal. And the white house responded. Reporter: That's right, David. Sarah Sanders was asked about this today at the briefing. She said president trump called Rupert Murdoch at fox to congratulate him on the deal and president trump believes this could be a great thing for jobs. Rebecca Jarvis, thank you. We turn next here to fiery

This transcript has been automatically generated and may not be 100% accurate.

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