Disney says Fox purchase to be final by March 20

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.

MegJamesLAT What becomes of the studios and real estate in Century City?

MegJamesLAT I wonder if Trump will also want to keep THAT transaction from happening! CNN 😳

MegJamesLAT Not to the Chinese I hope.

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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. So , happy to hear that ! Together with Hollywood Walt Disney will make a bigger & great movie ! Performing Arts will increase - Good ✍ writer - Director -Actor Photographer - & new Job - Good music & Culturally Country will be great & Rich with art & live with harmony ! 😀💝🎈 Monopoly Put a chip in your child so they're not abducted.
Source: latimes - 🏆 11. / 82 Read more »