zddgame
/
Gaming News
/
Layoffs At Disney Are "Widespread," Affect Both Disney And Fox Studios - Report
Layoffs At Disney Are "Widespread," Affect Both Disney And Fox Studios - Report-October 2024
Oct 31, 2024 9:34 AM

  When Disney announced that its deal to purchase the majority Fox's entertainment assets for $71 billion had closed, CEO Robert Iger said in a memo that there would be a "integration process." Some media reports said "thousands" of jobs would be lost as part of this.

  According to The Hollywood Reporter, the latest round of layoffs came this week. The job cuts are described as "widespread" and affecting Disney's studios. There is no word on how many staffers were affected by the cuts, which reportedly affected Disney and Fox studios.

  You need a javascript enabled browser to watch videos.

  Click To Unmute

  Thompson: The Pop Culture Icon’s Strange Legacy - Loadout

  Firearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Saeko Mukoda Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Eric Tomizawa Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Kazuma Kiryu Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Seonhee Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Koichi Adachi Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Yu Nanba Character Spotlight Trailer

  Share

  LinkEmbed

  Size:640 × 360480 × 270

  Start at: End at: Autoplay Loop

  Want us to remember this setting for all your devices?

  Sign up or Sign in now!

  Please use a html5 video capable browser to watch videos.

  This video has an invalid file format.

  00:00:00

  HTML5

  Auto HD High Low

  Report a problem

  Sorry, but you can't access this content!

  

Please enter your date of birth to view this video
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember12345678910111213141516171819202122232425262728293031Year2023202220212020201920182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993199219911990198919881987198619851984198319821981198019791978197719761975197419731972197119701969196819671966196519641963196219611960195919581957195619551954195319521951195019491948194719461945194419431942194119401939193819371936193519341933193219311930192919281927192619251924192319221921192019191918191719161915191419131912191119101909190819071906190519041903190219011900

  By clicking 'enter', you agree to GameSpot's

  Terms of Use and Privacy Policy

  enter

  Now Playing: Disney's The Lion King - Official Trailer

  Officially, Disney has not commented.

  The new round of cuts come alongside the news that Disney is likely to pay around $9 billion to buy Comcast's stake in video streaming site Hulu. Disney already owned two-thirds of Hulu, and Disney is now buying the remaining share to assume total ownership of it.

  THR points out that Disney has a number of financial expenditures ahead of it, including further investments into content and programming for its Netflix rival Disney+. Not only that, but Disney is reportedly spending around $24 billion over the next five years to upgrade its theme parks and cruise lines.

  As of September 30, The Walt Disney Company reportedly had more than 201,000 employees, and this was before the Fox deal closed.

  As part of Disney's acquisition of the majority of Fox's assets, it gets Deadpool, X-Men, The Simpsons, Family Guy, and numerous others, as well as a series of TV networks and film studios. It is one of the biggest mergers in the history of the entertainment business.

  Just after Disney's deal to buy Fox closed, the company shut down Fox 2000. The film studio produced movies like The Devil Wears Prada, The Fault in Our Stars, Man on Fire, and the Oscar nominated Hidden Figures.

  Fox will live on in a limited capacity, with a new company--Fox Corporation--operating units such as the Fox News Channel, Fox Sports, and other TV networks.

Comments
Welcome to zddgame comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Copyright 2023-2024 - www.zddgame.com All Rights Reserved