The finalization of Walt Disney Co.’s $71 billion acquisition of 21st Century Fox’s movie and television assets will impact the Valley economy as the region’s largest company suddenly grows even larger.

The transaction effectively eliminates one of Hollywood’s traditional studios, although Disney will continue to operate from the Fox lot in Century City. That makes three studios based in the San Fernando Valley, with Disney in Burbank joining Warner Bros. Entertainment, also in Burbank, and Universal Studios, in Universal City. Two studios remain on the other side of the hill – Paramount Pictures Corp. in Hollywood and Sony Pictures Entertainment Inc., in Culver City.

Read the full story in the April 1 issue of the San Fernando Valley Business Journal.