Buying the Fox assets, including the prolific film and movie studio, is expected to transform the Walt Disney Co. into an entertainment behemoth, writes megjamesLAT.
Disney will then acquire the remaining 21st Century Fox assets, including the prolific television and movie studios, FX channels, National Geographic channels and Fox’s 30% stake in Hulu. The deal is rich in international television assets, including in Latin America and India.
“The acquisition is expected to become effective at 12:02 a.m. Eastern Time on March 20, 2019,” Disney said in a regulatory filing. In recent weeks, Disney has been securing final regulatory approvals from Latin American countries, including Brazil and Mexico. Disney Chief Executive Bob Iger earlier this year flew to Brazil to help hammer out an agreement to satisfy regulators.The combination of the two companies is likely to bring substantial job losses. Company insiders have said there could be more than 3,000 layoffs in the coming months as the companies figure out staffing for their new organizations.
Disney has already said it would bring over several key Fox executives to run important operations, including Walt Disney Television., one of Murdoch’s longtime lieutenants, will become chairman of the Burbank-based television group, reporting to Iger. Dana Walden, who has led Fox’s television studio for two decades, will become head of Disney Television Studios and ABC Entertainment. John Landgraf, chief executive of FX Networks, will continue to lead those channels.
will run the 20th Century Fox studio and Fox Searchlight, the specialty division, will continue to be helmed by Stephen Gilula and Nancy Utley. Elizabeth Gabler will continue in her role running production at Fox 2000. The Fox executives will report to Disney Studios Chairman Alan Horn.Get breaking stories straight from Hollywood, covering film, television, music and more.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Mexico backs Disney-Fox deal, orders sale of Fox Sports channelsMexico's telecoms regulator said on Tuesday it had approved the Walt Disney...
और पढो »
Walt Disney's 'Aladdin' Trailer Finally Lets The Genie Out Of The BottleWalt Disney finally shows us what this specific version of 'Aladdin' will look and sound like.
और पढो »
Disney’s new ‘Star Wars’ attractions will open earlier than planned — but there’s a catchDisney has set the opening dates for the new 'Star Wars' attractions in Disneyland and Walt Disney World:
और पढो »
Disney heiress slams CEO pay, says 'Jesus Christ himself isn't worth 500 times' worker salariesAbigail Disney, the granddaughter of Roy Disney, co-founder of The Walt Disney Company with brother Walt Disney, said she thinks 'CEOs in general are paid far too much,' on CNBC's 'Squawk Box' Thursday.
और पढो »
With Fox, Disney will have an even bigger footprint in HollywoodDisney’s long anticipated $71.3-billion acquisition of Fox will put the X-Men, Homer Simpson, the Avengers, Buzz Lightyear and Kylo Ren under the same roof, giving the Burbank company an unprecedented share of film and television franchises, and increasing leverage in Hollywood.
और पढो »
Disney heiress demands tax on wealthy: “Jesus Christ isn’t worth 500 times” median worker payAbigail Disney, heiress to The Walt Disney Company, railed against CEOs collecting too much pay and is demanding Americans start taxing the wealthy.
और पढो »
Disney+ will house Disney's entire motion picture library, including movies from the vaultThe Walt Disney Company's new streaming Disney+ will include movies from Disney's vault, CEO Bob Iger confirmed during the company's annual shareholder meeting on Thursday.
और पढो »