Yes, Disney has bought 21st Century Fox. So most of their entertainment assets will belong to the mouse. That means that X-Men and Fantastic Four can now play in the Marvel Cinematic Universe’s sandbox. Whether or not they will remains to be seen.

But for those who were worried that Disney would tone down some of the more adult comic movies such as Deadpool, you can relax. Disney CEO Bob Iger says he intends to keep Deadpool as an R-rated movie. More on what he had to say about that and the future of rated-R Marvel movies below.

We’ve been hearing whispers that the mega-deal between The Walt Disney Company and 21st Century Fox could happen as soon as Thursday, and this morning it became official: Disney has purchased Fox for around $52.4 billion. Disney is also inheriting around $13.7 billion of debt, making the total cost of the deal about $66 billion. In the deal Disney is acquiring all entertainment properties and more, while the Fox Broadcasting news and sports assets will be spun off to shareholders under a new company.

On the entertainment side of things, this now means Disney owns and controls all of Fox’s brands and titles including the X-Men and Deadpool franchises, the Avatar movies, the original Star Wars trilogy, The Simpsons and other Fox shows as well as all of the FX Network series, and even Fox’s stake in Hulu, which now gives Disney controlling interest in the streaming service (making their own planned streaming service even more interesting).

You can find more details below.

It’s the time of the season, and what better way to celebrate that time than to have images promoting a Christmas movie. Of course, there are many remakes and reboots of classic Christmas movies. So it should come as no surprise to anyone that Disney has released the first images for a new vision of The Nutcracker. Disney’s take will be called The Nutcracker and the Four Realms. Directed by Lasse Hallström, the film will be based on an adaptation of E.T.A. Hoffmann’s 1816 German fairy tale, which was turned into a ballet by Tchaikovsky.

Now we are getting a first look at the film, which is due to hit theaters late next year. Check out the first two images here below.

Disney is not going to stop with the live-action adaptations of their animated classics. Not as long as films like Cinderella, The Jungle Book, and Beauty and the Beast keep making the box office gold that they are making. With films like Dumbo, Aladdin, Mulan, and The Lion King currently in the works, the studio is continuing to go through their vault of award-winning animated films and pairing them with an almost perfect creative team. Case in point, The Little Mermaid, which will have new songs by Hamilton‘s Lin-Manuel Miranda and Alan Menken.

We reported on the film when it first broke in August of last year, and now there are new reports saying that the live-action film is looking to land Rob Marshall as director. More on the story below.

It has been a few weeks since we first heard about the possibility of The Walt Disney Company acquiring 20th Century Fox. Though details were slim, if Disney were to buy Fox it would mean that the studio would acquire their entertainment division, which includes film properties, TV properties, Nat Geo, and more.

At first, it appeared that there was a fallout between the two when the then-rumored deal leaked. However, talks started again, and much of the deal remained the same with Fox continuing to retain their sports and news media outlets. Now the deal that looked like it would take months to complete could be done as soon as next week. More on the story below.