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Disney disasters are "widespread," affecting both Disney and Fox Studios – Report



When Disney announced that Fox's $ 71 billion purchase of Fox's entertainment asset was canceled, CEO Robert Iger said in a memorandum that there would be an "integration process." Some media reports that "thousands of jobs" will be lost as part of this.

According to Hollywood Reporter, the last round of redundancies came this week. Job cuts are described as "widespread" and affect Disney studios. There is no information on how many employees have been affected by the redundancies allegedly affected by Disney and Fox Studios.

Officially, Disney did not comment.

The new round cuts comes along with the news that Disney is likely to pay about $ 9 billion to buy a Comcast share in the Hulu video streaming site. Disney already owns two-thirds of Hulu, and Disney is already buying the rest to take full ownership of it.

THR points out that Disney has a number of financial costs, including additional content and programming investments for its competitor Netflix Disney +. Not only that, but Disney says it spends about $ 24 billion over the next five years to modernize its theme parks and cruise lines.

Since September 30, Walt Disney Company has had more than 201

,000 employees, and that's before Fox made a deal.

As part of the acquisition of most of Disney's assets, he receives Deadpool, X-Men, The Simpsons, Family Guy and many others as well as a series of television networks and film studios. This is one of the biggest mergers in the history of entertainment business.

Right after Disney has signed a deal to buy Fox, the company shuts down Fox 2000. The film studio produces films like The Devil Wears Prada, The Fault in Our Stars Fox will live in limited capacity with a new company, Fox Corporation, such as Fox News Channel, Fox Sports and other TV networks. .


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