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Fox Staff Is Reportedly Expecting Layoffs As Disney Deal Goes Through
The industry-altering deal between Disney and Fox won't officially go through until sometime early next year, but its effects are already being felt. The union of these giants will create a leviathan unlike anything we've seen before. Despite the size of the $71.3 billion dollar purchase, there won't be room for everyone once it is complete and many of the staff at 20th Century Fox are reportedly expecting layoffs.
As with any corporate merger, there are bound to be redundancies that result in layoffs. For the past 10 months since the news first came out about Disney buying 21st Century Fox's assets, employees have been working under that looming dread. According to Variety, employees at the 20th Century Fox film studio have compared the experience to being on death row, not knowing if or when the ax will fall.
Some of the employees at 20th Century Fox say they know they are likely to be laid off, but they are being largely kept in the dark about the situation, so nothing is certain. Disney isn't being forthcoming with its plans and hasn't given much clarity about what things will look like or how they will operate or what the structure will be once the deal closes. So, employees are just working and waiting for their fate to be decided, at which point many may be looking for work.
It isn't just lower level people who may be out jobs either. As we learned yesterday, current 20th Century Fox CEO Stacey Snider will not be hired by Disney and will have to find work elsewhere. Disney is expected to take on some of Fox's executives but formal offers have not yet been made for the movie division.
Apparently, some executives and staffers have already made their exit and found other jobs in advance of the merger; however, when the deal closes or Disney announces its plans, it's possible dozens or hundreds or thousands may be looking for work. It would seem the longer it takes for Disney to announce those plans the less advance warning these employees would have about their futures.
The complete uncertainty among the Fox staffers is due to Disney's opaqueness about its plans. We don't know if Fox will become a label under Disney or be completely assimilated. Like Disney, Fox is a many-tentacled beast and Fox 2000, Fox Searchlight, 20th Century Fox Animation and all the movies in development have futures that are unclear.
Since the deal was announced, the corporate line has implied it was 'business as usual' until the deal closes. But as you can see from this recent story, it really hasn't been. The reality is that a lot of people have been feeling, at least, that they are working under a ticking clock, hidden from their view. They don't know if or when their time could be up.
On the other side of things, as movie and superhero fans, Disney's purchase of 21st Century Fox is incredibly exciting. The union of Marvel heroes like the X-Men with the Avengers in the MCU is cause for celebration, but the union of these two companies may not be quite as joyous.
The deal is expected to close in January so around then we should have a better idea of what the future holds for Fox, Disney and the industry as a whole. On a slightly less dour note, there are plenty of movies, from both Fox and Disney, still headed to theaters this year. Check them out in our release schedule.
The Star Wars Episode IX Wrap Party Looks Like A Scene From Canto Bight @yournerdside #yournerdside Posted on February 18, 2019 February 18, 2019 by Aaron The Force — and probably a lot of liquor — was strong with the cast of Star Wars: Episode IX during Saturday night's wild wrap party.
The Star Wars Episode IX Wrap Party Looks Like A Scene From
A sequel to Godzilla (2014), it is the 35th film in the Godzilla franchise, the third film in Legendary's MonsterVerse, and the third Godzilla film to be completely produced by a Hollywood studio.
"Godzilla: King of the Monsters" - Designs for King Ghiadorah
However, Dark Phoenix was then delayed again to this weekend past, and what made this change really weird is that the new date was announced two days after the film's big trailer debut which had the Valentines Day release date all over it. It's not hard to see how people could think this production had turned into a mess.
Why Epcot's Test Track Has Recently Been A Big Headache For Walt Disney World Movies August 21, 2018 No Comments Epcot's Test Track attraction has been around for almost 20 years, but the ride has only recently begun to cause issues in the park.
Why Epcot's Test Track Has Recently Been A Big Headache For
celebgossipnews.co/why-epcots-test-track-has-recently-been-a-big-headache-for-walt-disney-world/
Epcot's Test Track attraction has been around for almost 20 years, but the ride has only recently begun to cause issues in the park. Specifically, it's causing problems for the future of the park, as a currently under construction new restaurant that is being built right next to the Test Track building is having difficulty figuring out how they're going to keep the noise and vibration
Why Epcot's Test Track Has Recently Been A Big Headache For
celebvida.com/why-epcots-test-track-has-recently-been-a-big-headache-for-walt-disney-world/
2 hours ago Epcot's Test Track attraction has been around for almost 20 years, but the ride has only recently begun to cause issues in the park. Specifically, it's causing problems for the future of the park, as a currently under construction new restaurant that is being built right next to the Test Track building […]
Test Track is Causing Major Problems for Epcot's New Space
San Andreas' Brad Peyton to helm high concept military action film for Sony Horrible Bosses' Seth Gordon may direct Dwayne Johnson in the Baywatch movie San Andreas' Brad Peyton to direct Dwayne
Glenn Close Reveals Plan For Not Flipping Out Ahead Of The
Colin Trevorrow (Safety Not Guaranteed) was hired to direct Jurassic World without being allowed to see the screenplay first. The Original Jurassic World Screenplay Would Have Been "A Bad
Colin Trevorrow On The Future Of Jurassic World | News
There's been a mix of glo ups, sad passings and exciting projects between the Harry Potter film family between then and now. Let's take a look: Let's take a look: Daniel Radcliffe (Harry Potter)
The Harry Potter Cast: A Look Back Then And Now - MNNOFA NEWS
Home Entertainment TV How Ma Became A Completely Different Movie When Octavia Spencer Got Involved. How Ma Became A Completely Different Movie When Octavia Spencer
How Ma Became A Completely Different Movie When Octavia
wasn't the bad guy in The Avengers
Loki wasn't the bad guy in The Avengers; Summary. Loki has been missing for three years, and Thor has spent the entire time thinking on what he's learned from Jane. Has he really been so blind to how people have treated Loki?
This is probably the best time for The Perfect Date to drop its trailer, as not only is the film arriving relatively soon on Netflix; but Noah Centineo has also been rumored to be in contention
Netflix's The Perfect Date Trailer Has Noah Centineo Renting
News Drew Goddard To Direct, Write 'X-Force' With Deadpool in the New Mutants movie and then import them into Xforce. as X-23 with X-Force and tell
Jordan Peele and Keegan-Michael Key are reuniting for a new animated film by The Nightmare Before Christmas director Henry Selick. Deadline reports the Netflix stop-motion film, titled Wendell and
Key and Peele Are Reuniting for a Netflix Movie | HYPEBEAST
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