On Thursday of Dec. 14, Disney sealed a deal to buy most of the assets belonging to media mogul Rupert Murdoch’s 21st Century Fox for a price tag of $52.4 billion, allowing them access to content produced by Fox’s movie and television studios in an attempt to compete  amidst the ever-changing and growing entertainment business.

Disney CEO Robert Iger and Murdoch came to an agreement Thursday morning after a tense build-up to the deal before it was made when such a deal was only hinted at. Now that it’s official, Disney can focus on their goal of trying to compete against the multi-media world that Americans find themselves in, with an array of ways to entertain themselves, particularly by using streaming services with Netflix being a top competitor. Disney’s acquisitions of various properties from the 20th Century Fox film and television production studios could, therefore, be used to be a part of Disney’s own streaming service that it plans to develop and release to compete with Netflix.

This means that Fox’s TV shows such as “The Simpsons,” “Modern Family” and their films such as “Deadpool,” and those from the “X-Men” franchise could be added to Disney’s content library that includes major brands.

What Disney won’t acquire, though, are some of the news networks that 21st Century Fox still owns such as Fox News. Murdoch has said that this deal isn’t a step backward as much as it is more of a new way to advance his company forward, with his son, James,  being a big part of the company’s future, which is expected to form a new company after the merging is fully complete.

“The new Fox will draw upon the powerful news and sports businesses of Fox, as well as the strength of our broadcast network,” Murdoch said in a statement released to the public after the deal.

While the deal has been made, the merging of Disney and parts of 21st Century Fox must be approve through the U.S government in the next days to come.