Mega Merger COMPLETE

Now part of the Disney entertainment empire...

So after a government review and a challenge from Comcast, Disney and Fox are now one:

Walt Disney and 21st Century Fox shareholders on Friday voted in favor of a $71.3 billion deal, in which Disney will acquire large parts of Fox, including the 20th Century Fox film and TV studios, Fox's entertainment cable networks and its international assets. ...

Disney expects to pay about $35.7 billion in cash and issue about 343 million New Disney shares to Fox stockholders so that when the transaction closes after final regulatory approval Fox stockholders will own about 17-20 percent of New Disney. ...

Robert Iger has generously agreed to put off his retirement and remain as Top Dog at the House of Mouse to oversea the merger of Fox assets with the Walt Disney Company. (There will likely be additional compensation.)

Walt's old studio now owns multiple animation assets

Walt Disney Animation Studios

Walt Disney Television Animation

Pixar

Marvel Animation

Fox Animation

Blue Sky Studios

DisneyToon Studios, launched during the heyday of VHS tapes, has recently gone the way of the Tasmanian Tiger and is no more. How long Blue Sky Studios sticks around* is known but to Bob Iger and his working group of Merger Specialists.

* Disney-owned studios have come and gone over the years. Disney had two studios in Canada, both specializing in home entertainment product, that were launched and then closed within three years. There was a thriving studio in Sydney, Australia -- purchased from Hanna-Barbera -- that specialized in the production of direct-to-video features. Then there was Walt Disney Animation, Florida, that grew from an amusement park walk-through in the 1980s to a full-blown theatrical animation studio in the '90s with one of the prettiest facilities in the history of Disney animation. Walt Disney Animation Florida closed its doors in 2004.

There are, of course, other studios that sprang briefly to life and then vanished. (Image Movers Digital, anyone?)No need to list them all in a footnote.