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Almost a year and a half after it was first announced, the merger of most of 21st Century Fox’s assets and the Walt Disney company has finally been completed. Of course, it’s a merger in technical terms only. In truth, it’s an acquisition, one that Hollywood’s creative community has tried to embrace with optimism and one that superhero fans have selfishly clamored for. There have been significant changes to the landscape since the merger was announced but it doesn’t change one important fact: thousands of people will likely lose their jobs.
Wait, that got a little too real for ya, right?
Business - Business - Layoffs - Nothing - America
Obviously, business is business and layoffs are nothing new in America. Every significant change in Hollywood from the collapse of the physical home entertainment business to mini-majors that have come and gone to an internet boom that left a trail of failed online destinations has brought them. You could argue, however, that something on this scale hasn’t been seen since Columbia Pictures and Tri-Star Pictures were acquired by SONY in 1989, Disney’s merger with ABC in 1995, the short-lived Viacom-CBS merger in 2000 or Comcast‘s takeover of NBCUniversal in 2011. The difference, in this case, is that there is so much overlap between the two companies. Two historic movie studios with duplicate departments across the board. Sadly, there will be many talented longtime employees of Fox who get lost in the shuffle. They have known it’s been coming for a long time, but it will still sting like a motherf***er. But, hey, who’s excited about what happens to the Fantastic Four next?
That sort of speculation over what will happen now with Marvel Studios having major characters back into the fold, valuable creative properties and Disney now controlling a library of classic films since 1935 has been non-stop since the news first...
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Why do democrats never have to face the reality of what's on the ground, like 2000 years of marriage.