Marvel Entertainment is one of the most iconic and influential companies in the world of comics and superheroes. Its presence in film has a storied history, with several entertainment companies vying for the distribution and production rights to its characters.

Since Disney's acquisition of Marvel in 2009, Marvel superhero films have undergone a consolidation movement, with the original comic book characters sharing a single universe, known as the multiverse. This movement gained even more momentum with Disney's acquisition of Fox, the fourth-largest in the industry. This gave Disney rights to franchises such as "X-Men" and "Fantastic Four."

These transactions not only shaped the current superhero universe but also solidified Disney's position as a major player in the entertainment industry. This is a clear example of the transformative power of mergers and acquisitions.