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Tag: Disney-Fox merger

  • Disney rebrands historic 20th Century Fox Television as 20th Television

    Disney rebrands historic 20th Century Fox Television as 20th Television

    KOLKATA: The historic brand in media and entertainment, 20th Century Fox, officially sees its end. Media conglomerate Disney announced that it would be rebranding 20th Century Fox Television as 20th Television. 

    According to media reports, the move is aimed at curtailing consumer confusion over the two brands after last year’s merger. Earlier in January, Disney shredded 'Fox’ from 20th Century Fox and Fox Searchlight.

    After the rebranding, the famous logo and title card, which has the words 20th Television on focus, will remain the same but without the words ‘Century’ and ‘Fox’. Disney has also renamed its other television studios. It has changed ABC Studios and ABC Signature Studios to ABC Signature while Fox 21 Television Studios will become Touchstone Television.

    "Our new studio names and logos mark a new day for ABC Signature, 20th Television and Touchstone Television while honoring their rich histories and the creative power of The Walt Disney Company," Disney television studios president Craig Hunegs said.

  • Disney’s acquisition of 21st Century fox leads to employee layoffs: Report

    Disney’s acquisition of 21st Century fox leads to employee layoffs: Report

    MUMBAI: Disney’s acquisition of 21st Century Fox has again led to more employee layoffs. Disney has laid off nearly 60 employees within its media distribution division, according to a Variety report.

    Fox TV Distribution worldwide marketing executive vice president Greg Drebin and 20th Century Fox Home Entertainment worldwide marketing and strategy senior vice president Jennifer Chai are being counted among the affected ones. Drebin was promoted from SVP to EVP of Worldwide Marketing last year.

    A few days after Disney’s $71.3 billion acquisition of Fox’s entertainment and studio assets was completed, 20th Century Fox TV distribution president Mark Kaner was let go. After the closure of the deal, the distribution department was hit by the first round of layoffs.

    Earlier in August, another round of layoffs was executed where a large number of employees have been let go from both sides. Visual effects head  John Kilkenny, feature production executive VP Fred Baron, physical production executive VP Dana Belcastro and post-production executive VP Fred Chandler are among the executives who have received pink slips on the Fox side.

  • Disney-Fox merger sees more layoffs: Report

    Disney-Fox merger sees more layoffs: Report

    MUMBAI: The Walt Disney Studios (Disney) 21st Century Fox (Fox) merger continues to cost jobs with another round of layoffs this week. A large number of employees have been laid off from both sides. Since Disney completed its $71.3 billion acquisition of much of Fox, nearly 250 people have exited so far.

    A report from Variety revealed that the latest round of layoff comes in the backdrop of analysts’ prediction of more than 1000 jobs being eliminated due to the merger. According to the report, the latest episode has mainly impacted the production and visual effects departments.

    Visual effects head  John Kilkenny, feature production executive VP Fred Baron, physical production executive VP Dana Belcastro and post-production executive VP Fred Chandler are among the executives who have received pink slips on the Fox side. Those roles reported to Fox film production vice chairman and president Emma Watts prior to the acquisition. Although Disney has enacted three previous rounds of layoffs mostly impacting Fox staffers, severance packages have been generous.

    Disney also informed its staffs that it would shut Fox Research Library on or before 6 January 2020. Fox Library’s content would be integrated into Disney’s own archives. While the teams at the Walt Disney Archives (founded 1970) and the Imagineering Research Library will be evaluating and handling the collection, it is not clear yet if the library’s archivists will also be laid off.