The acquisition of Rupert Murdoch’s film and TV studio business will boost Disney as it enters the TV streaming market

Disney has closed its $71bn (£54bn) acquisition of Rupert Murdoch’s entertainment business in a deal which unites franchises such as Cinderella, The Simpsons and Star Wars under one corporate roof to create a media behemoth of unprecedented scale.

The Walt Disney Company closed its acquisition of 21st century Fox just after midnight New York time on Wednesday.

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Read More Disney seals bn deal for 21st Century Fox as it prepares to take on Netflix

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