said it would make a new film for every two-to-three years, first one being released in 2015. The deal also gave Disney access to the Indiana Jones franchise, visual-effects studio Industrial Light & Magic, and video game developer LucasArts. The sale was completed on December 21, 2012. In early February 2012, Disney completed its acquisition of UTV Software Communications, expanding its market further into India and the rest of Asia. By March, Iger became Disney's chairman. Marvel film The Avengers became the third-highest-grossing film of all time with an initial-release gross of $1.3 billion. Making over $1.2 billion at the box office, the Marvel film Iron Man 3 was released in 2013. The same year, Disney's animated film Frozen was released and became the highest-grossing animated film of all time at $1.2 billion. Merchandising for the film became so popular it made the company $1 billion within a year, and a global shortage of merchandise for the film occurred. In March 2013, Iger announced Disney had no 2D animation films in development, and a month, later the hand-drawn animnation division was closed, and several veteran animators were laid off. On March 24, 2014, Disney acquired Maker Studios, an active multi-channel network on YouTube, for $950 million. On February 5, 2015, Disney announced Thomas O. Staggs had been promoted to COO. In June, the company stated its consumer products and interactive divisions would merge to become new a subsidiary called Disney Consumer Products and Interactive Media. In August, Marvel Studios was reorganized and placed under the division Walt Disney Studios. The cmpany's 2015 releases include the successful animated film Inside Out, which grossed over $800 million, and the Marvel film Avengers: Age of Ultron, which grossed over $1.4 billion. Star Wars: The Force Awakens was released and grossed over $2 billion, making it the third-highest-grossing film of all time. In October, Disney announced the television channel ABC Family would be changing its name to Freeform in 2016 to broaden its audience. On April 4, 2016, Disney announced COO Thomas O. Staggs, who was thought to be next in line after Iger, would leave the company in May 2016, ending his 26-year career with Disney. Shanghai Disneyland opened on June 16, 2016, as the company's sixth theme-park resort. In a move to start a streaming service, Disney bought 33% of the stock in Major League Baseball technology company BAMtech for $1 billion