What if The Walt Disney Company and The Jim Henson Company merged in 1989? (BoxmanCool version)

In August 1989, Henson and Disney CEO Michael Eisner began merger discussions reportedly valued at $150 million, which also included a fifteen-year contract for Henson's personal "creative services." On May 16, 1990, as negotiations continued, Jim Henson died of toxic shock syndrome. Following Henson’s death, neither Disney nor Jim Henson Productions could come to an accord. Negotiations officially ended in December 1990, and Henson remained an independent company in real life. But in the alternate universe, what if The Walt Disney Company and The Jim Henson Company already merged on December 25, 1989?

List of changes

 * Post-1989 Jim Henson and Sesame Workshop libraries, along with The Muppets Studio library would've be fully produced and owned by Disney. Pre-1989 libraries would've been sold to Disney.
 * The Jim Henson Company would've renamed as Jim Henson Studios, thus The Muppets Studio wouldn't have existed.
 * Sesame Workshop would've folded into Jim Henson Studios.
 * Jim Henson Pictures wouldn't have existed, having its films produced and released by Walt Disney Pictures.