But Disney is not getting the whole kit and kaboodle when it comes to Fox properties. Rupert Murdoch will still control Fox News Channel, Fox Sports and the Fox network, which will exist as Fox Corporation, CNN reported.
With the finalization of the deal, Disney will have more to choose from when it launches its streaming service Disney+ later this year. It also will help with Fox's production of the "Avatar" film sequels, since Disney has an entire land dedicated to the eco-science-fiction film at Disney's Animal Kingdom in Orlando, CNN reported.
Disney also got control of Hulu in the deal, CNN reported.
It also picks up the FX Cable Network and National Geographic channels, adding to Disney cable footprint.
Iger has assured movies like R-rated "Deadpool" and "Logan" will not be more family-friendly and channels that were not family focused will remain as they were before Wednesday's finalization, CNN reported.