Disney has announced plans to acquire 21st Century Fox in a deal expected to cost $52 billion pending approval by the authorities. The move, if approved, will give Disney ownership of Fox's studios and rights to all its popular TV series and movies. The plan adds to the Disney galactic empire which was imposing even before the planned acquisition. The company has plans to release streaming entertainment service in 2019 which would have made it formidable even without considering the impact of acquiring Fox. The proposed streaming service would be the first one to rival Netflix. The merger is among the largest in the history of the American entertainment industry, and it will make the company too powerful for the following reasons.