Walt Disney Studios has purchased the rights to the original “Star Wars” films and many comic books characters such as the Fantastic Four and the X-Men, which will find a new home at Disney.

Founded in 1935 and now known as one of the “Big Six” Hollywood studios, 21st Century Fox owner Rupert Murdoch made the decision to sell his company’s film and

television arms to Disney. Disney has made a $52.4 billion deal for Fox which includes original Fox television shows, movies and characters.

Home to many original Disney movies and cartoons, the Walt Disney Company is now able to pick up other film franchises from this newest purchase as many new movie opportunities have opened up for debut in the Marvel Cinematic Universe.

Disney will also acquire rights to many television shows including “The Simpsons,” “Modern Family” and “American Horror Story” along with many blockbuster movies. Disney will also receive partial control of the online streaming service, Hulu. In an effort to gain more online streaming revenues, Disney will compete with more popular streaming services such as Netflix and Amazon Prime until Disney’s plans to create a new streaming service takes effect in 2019. By expanding Disney, also expands their varieties of TV shows and movies to add to their streaming service.

Although Disney has purchased a large portion of Fox, Fox will still hold onto the rights to many channels, though Fox-owned cable networks such as FX and National Geographic have found a new home at Disney. Fox will still withhold the rights of Fox News, Fox Business Network, Fox Broadcasting Company, Fox Sports and Fox Television Stations Group along with sports cable networks including FS1, FS2, Fox Deportes and Big Ten Network.