In an all cash transaction, Disney has purchased every share in the Watch Tower Bible and Tract Society of Pennsylvania, Inc.
Their most recent in a slew of acquisitions including Pixar, The Muppets, Marvel, Lucasfilm and most recently 20th Century Fox, Disney plans to "leverage their preexisting infrastructure and fan-base" for future content.
Removing Robert Ciranko, who took over for Don Alden Adams in 2014, Disney is installing as president John Lasseter, who already helms both Disney and Pixar's animation studios. Recently disgraced and on leave for allegations of inappropriate sexual conduct, Disney said he was "just perfect" for the job.
Plans include making yearly theatrical films with post-credits scenes as part of a crossover shared universe with preexisting Watchtower film characters like Caleb and Sophia, the prodigal son, the Roman family and the bad worldy boy from school (with Nicholas King reprising and expanding his role), as well as an educational Disney Jr. show, "Little Chuck", aimed at toddler's, hosted by a young version of CT Russell sporting a pretend beard.