Disney acquires Fox’s stake and becomes the controlling media partner
On March 20, 2019, The Walt Disney Company completed its acquisition of 21st Century Fox, including Fox’s controlling stake in National Geographic Partners. This transaction made Disney the dominant corporate partner behind National Geographic’s media businesses and significantly altered the strategic environment in which the Society’s brand operated. The change tied National Geographic more closely to one of the world’s largest entertainment companies, increasing its distribution power across television and streaming while further distancing much of the brand’s commercial storytelling machinery from the nonprofit Society’s direct control.