BREAKING FILM NEWS

Sunday, March 17, 2019

Disney/Fox Deal Closes



Following years of negotiations, the merger between the Walt Disney Company and 21st Century Fox has now officially closed to the tune of $72 billion, with Disney acquiring content from 20th Century Fox Film Corporation, Fox Television Group and Blue Sky Studios, followed by an anticipated layoff of almost 4,000 workers :


"This is an extraordinary and historic moment for us," said Disney's Chairman and Chief Executive Officer Bob Iger, "one that will create significant long-term value for our company and our shareholders. Combining Disney's and 21st Century Fox's wealth of creative content and proven talent creates the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.


"Our new corporate structure is designed to integrate these assets and maximize long-term value..."


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