Hollywood's landscape will change very soon as Walt Disney Studios' acquisition of 21st Century Fox film and TV assets has been approved in Brazil. Fox first agreed to sell their movie, TV, and additional assets to Disney back in December 2017 and have been working toward completing the deal ever since. Comcast attempted to break up the deal and purchase Fox for themselves, but Disney increased their bid to $71 billion to not miss out on the opportunity to acquire a library of rich content.

In the many months since the final price was agreed upon, Disney and Fox have been seeking approval from regulatory committees in various countries around the world. The United States' small snag in Brazil after regulators were worried about Disney's control over ESPN and Fox Sports in their region. A resolution has now been found and will allow the deal to continue moving forward.

Related: A Complete Timeline Of The Disney-Fox Deal

Deadline reports that the Brazilian regulators have officially approved the Disney-Fox deal after Disney agreed to sell the local Fox Sports channels and related sports rights upon the completion of the deal. This condition of the deal is hardly surprising, as the Department of Justice also required this to be done by Disney, and Mexico is also reportedly expected to sign off on the deal with the same stipulation. According to Deadline, these approvals will push the deal into a 10 day final review period that will allow the Disney-Fox deal to officially close in the middle of March.

20th Century Fox owned by Disney

This latest development is a massive step forward for the deal and now appears to have moved the timeline back up to earlier forecasts. The most recent expectation was that the deal would be goes through in March, then it will be nearly 15 months since the original agreement was made.

Although there are clear downsides to the Disney-Fox deal (such as the thousands of people set to lose their jobs), there is still plenty of information that we do not know. It isn't yet clear how exactly the remaining Fox movies and future Fox properties will be handled by Disney, but CEO Bob Iger has said all the right things about keeping Fox Searchlight around and Avengers: Endgame, but movies that are in development will suddenly have the ability to lay the foundation for their introductions.

MORE: The Really Bad Effects of the Disney-Fox Deal, Explained

Source: Deadline