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The Disney and Fox Merger Finally Has A Closing Date
The Disney/Fox merger has been drawing nearer, but its finally come time for one giant studio to swallow another. Disney has officially announced that its $71.3 billion purchase of 21st Century Fox will close on March 20. Jiminy Crickets!
After the House of Mouse received its last major approval from regulators in Mexico, the company announced the formal date for the closing process, per Variety. The deal between the two major studios is certainly a huge game-changer for the entire media landscape and will officially start taking shape next Wednesday.
Walt Disney Studios will soon have control over Foxs film, television studios and cable channels, including National Geographic and FX. Disney will also obtain Foxs 30% holdings in Hulu, in addition to its own 30%, giving the studio a 60% majority share and own 39% in European satellite company, Sky. However, Disney was not approved by government regulators to take over Foxs regional sports channels since it already owns ESPN.
Disney will also assume over $13 billion in net debt from Fox ,and the merger is expected to prompt as many as 4000 layoffs in positions that overlap between the two companies. The inception of a new entity of the Fox Corporation that will include the assets that will not be part of the Disney deal will also launch in line with the closing date of the Disney/Fox merger.
The closing of the deal could be good news for Marvel fans excited for the X-Men and the Fantastic Four to potentially be part of the same family as Disneys MCU. Some of Foxs major franchises such as the Alien, Predator, Kingsman, Die Hard and Night of the Museum would also be under Disneys new umbrella and could potentially have a presence in Disneys theme parks in the future.
Fox joins Disneys holdings just as the company gears up for the launch of its own streaming service, Disney+, later this year, which is set to include every film in the Disney library along, as well original movies and television shows from the Star Wars, the Marvel universe and more.
Disney CEO and Chairman Bob Iger has reportedly taken a pay cut in light of the merger, as a $500,000 annual increase to his base salary and $8 million increase in bonus was agreed to be eliminated from his paycheck though his approximately $15 million salary still stands as one of the highest salaries for a media executive.
Disney is heading into perhaps one of its biggest years ever as three big live-action remakes, three MCU films (including an impressive $455 worldwide opening start for Captain Marvel over the weekend), two huge animated sequels and Star Wars: Episode IX are coming out, along with the opening of Galaxys Edge in the parks. The closing of the Fox deal only expands this. Mickey Mouse means business and perhaps world domination?
Related: Aquaman Fans Recreate Distracted Boyfriend Meme. Speaking with CinemaBlend during the Australian set visit for the film, Brzeski provided narrative details with regard to two key flashback scenes in Aquaman. First is one that people have seen parts of in the trailers for the movie and features a young Arthur on a class trip at an Aquarium.
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i) To replicate the complexity of inner life, actors break down a character in terms of motivation - Said the actor must seek to solve the "problem" or goal of the character - Most critical notion—Emotion memory i) The recollection by an actor of actual emotions to create the emotions of the role - Inspired American artists to develop "the
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Chris McQuarrie Has Surprising Thoughts About Death In The Mission: Impossible Series August 6, 2018, 8:28 pm 14.2k Views The following story contains spoilers for Mission: Impossible — Fallout , so stop reading now if you haven't yet seen the movie.
Chris McQuarrie to Direct Back-To-Back 'Mission: Impossible
Dark Phoenix just had the lowest week of a superhero movie. It earned $ 14 million on the opening day last Friday and $ 2,348 million on the second Friday. That is a decrease of 83.2%, which eases the DC & # 39; s Batman v Superman: Dawn of Justice and its 81% decline for the title.
X-Men: Dark Phoenix suffers biggest box office drop of any
With the delay in "Fantastic Beasts 3" schedule, The Flash movie production may also start later than expected, unless it's ready to let the cameras roll in the summer, which gives it only a few
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Sadly for fans, this new image doesn't shed any specific story details about Godzilla: King of the Monsters, but USA Today did speak with director Mike Dougherty about his ties to the franchise
NEW King Ghidorah HD Image - Godzilla: King Of The Monsters
Phil Lord and Christopher Miller on Making 'Spider-Man: Into the Spider-Verse' a Tribute to Comic Books. Check out Marvel's latest news, articles, and press on Marvel.com!
Spider-Man: Into the Spider-Verse - Lord and Miller Interview
The messiness of the job though hasn't stopped Ryan Reynolds' bodyguard Michael Bryce from returning for the sequel to 2017's The Hitman's Bodyguard, titled The Hitman's Wife's Bodyguard. Take a look below to see the first image from the set of the sequel film showing a bloody Ryan Reynolds.
Ryan Reynolds Is Bloody In First Hitman's Bodyguard Sequel Image
The Internet is reeling from the news about the latest wrestling biopic to become a reality, and it looks like one Aquaman star wants in on the fun.Yahya Abdul-Mateen II recently tweeted his reaction to the news that Chris Hemsworth will be playing Hulk Hogan in a currently-untitled biopic. In his tweet, which you can ..
In 2017, Disney made an announcement that immediately sent shock waves through the entertainment industry. Well OK, they made a couple of those types of announcements in 2017, but the particular announcement we'll explore here was the one about a new Disney Streaming service, similar to Netflix, which we now know will be called "Disney+."
The new film starring Amber Heard just had the worst per screen opening of all time. London Fields opened in theaters on October 26, and over the weekend it managed only $160,000 from 613 theaters.
Amber Heard's New Movie Just Had The Worst Per Screen Opening
A new trailer for the 'Angry Birds Movie 2' shows the birds and pigs teaming up to save their island. The Sony animated movie's voice cast features Jason Sudeikis, Josh Gad, Bill Hader, Rachel
Birds and Pigs Unite in the New Angry Birds Movie 2 Trailer
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