Fox Domestic Distribution Boss Chris Aronson Among First Round Of Exec Cuts In Disney-Fox Merger

Read on: Deadline.

Esteemed Fox Domestic Distribution President Chris Aronson is leaving the studio as the Disney-Fox merger comes to fruition, Deadline has confirmed.
News about Aronson’s departure happened today as the new conglom cuts employees at the SVP, EVP, …

Lachlan Murdoch Charts Entrepreneurial Future For Fox With All Employees As Shareholders

Read on: Deadline.

A day into slimmed-down Fox’s life as an independent public company, chairman and CEO Lachlan Murdoch addressed Fox Corp.’s 7,500 employees at a town hall meeting held at the Zanuck Theatre on the Fox lot in Los Angeles and available via we…

Fox Celebrates First Day Of “Fresh Start” With One-Time Only Greatest Hits Spot

Read on: Deadline.

“The company that we knew and loved is changing,” says a prophetic Terrence Howard tonight in a clip from Empire used in sizzle spot celebrating the birth of a new era at what is a slimmed down and new Fox.
Running during the latest episode of theLee D…

Fox Sets Disney “Transaction Tax,” Plans Investor Confab; Stock Slips Again

Read on: Deadline.

Fox Corp. has confirmed it received a $2 billion cash payment from Disney, which reduces the “transaction tax” the new entity paid to 21st Century Fox to $6.5 billion. Both were expected steps following the closing of the $71.3 billion Disn…

Disney-Fox Deal: Per-Share Value Set, Bob Iger Hails “Historic Moment”

Read on: Deadline.

Hours before their asset combination closes, Disney and Fox released the per-share value of the deal and offered a final blessing by Disney CEO Bob Iger, who called the deal “an extraordinary and historic moment for us.”
Disney’s $71 …

Fox Corp. Begins New Era As Stand-Alone Company, With Former House Speaker Paul Ryan Joining Board

Read on: Deadline.

With fewer than 24 hours remaining before the acquisition of 21st Century Fox by Disney closes, the remaining stand-alone entity Fox Corp. begins trading today and has announced new members of its board of directors.
The company will maintain the ticke…

Fox Shareholders Favor Getting Cash Over Stock When Disney Deal Closes

Read on: Deadline.

Nearly 52% of shareholders in 21st Century Fox, the entity that is about to be acquired by Disney, have expressed a preference to receive cash in exchange for their shares after the Disney-Fox deal closes early Wednesday.
About 37% of shareholders said…

YES Network Sold For $3.5B To Yankees, Amazon, Sinclair, Private Equity – Reports

Read on: Deadline.

The YES Network, the most prominent of the 22 regional sports networks being unloaded by Disney as a condition of closing its 21st Century Fox acquisition, has been sold for $3.5 billion, according to multiple media reports.
The buyers of the 80% of YE…

Disney Shareholders Approve Executive Pay And Hear New Details On Streaming, Fox Acquisition, Film Slate

Read on: Deadline.

Disney shareholders today approved compensation packages of chairman and CEO Bob Iger and other executives, with just 57% voting in favor.
The vote, which was narrow but marked a reversal of last year’s rebuke by shareholders, punctuated the 90-m…

Disney Cuts CEO Bob Iger’s Total Pay By $13.5M As Fox Merger Watch Continues

Read on: Deadline.

Disney has adjusted the compensation of CEO Bob Iger to account for when a new contract is set to begin, which, like most things at the company lately, is contingent on the close of the acquisition of 21st Century Fox.
In an SEC filing, the company sai…

MyNetworkTV, 10 Years After Strategic Pivot, Is A Quiet But Steady Engine For Fox

Read on: Deadline.

EXCLUSIVE: As the $71.3 billion Disney-Fox deal nears the finish line, there is a steady earner that often gets overlooked among the assets that will remain behind as part of Fox Corp.: MyNetworkTV.
The programming service, launched with fanfare in 200…

Disney-Fox Deal Gets OK From Brazilian Regulators After Sports Divestiture

Read on: Deadline.

Brazilian regulators have approved Disney’s $71.3 billion acquisition of most of 21st Century Fox after Disney agreed to sell off Fox Sports and related sports rights in the territory.
The approval is one of the last steps in the regulatory revie…

Disney-Fox Deal Nears Final Approval After Progress In Brazil And Mexico

Read on: Deadline.

In one of the last steps in the regulatory review of Disney’s $71.3 billion deal to buy most of 21st Century Fox, regulators in Brazil appear to be poised to approve the transaction on Wednesday.
Officials at CADE (whose translated full name is T…

Peter Bart: A Final Farewell To Fox – The Venerable Movie/TV Studio, Not Rupert’s Bilious Trump-Friendly News Network

Read on: Deadline.

Hollywood endured a big setback this month, and it had nothing to do with the Oscars. A major studio, 20th Century Fox, officially disappeared into the mist, instantly transforming a once robustly competitive industry into a Disney oligopoly. The ultim…

Disney-Fox Reality Check: Combined Company Will Profit From Deal, But Only After Streaming Spending Spree – Analyst

Read on: Deadline.

When Disney’s $71.3 billion deal to acquire most of 21st Century Fox closes in the coming weeks, the combined company will remain an appealing target for investors, but only those willing to indulge hefty near-term spending on direct-to-consumer …

Fox Reports Softer Q2 Results, “Significant Progress” Toward Closing Disney Deal

Read on: Deadline.

Continuing to put up steady results across its TV and film operations, 21st Century Fox posted softer earnings in its fiscal second quarter while reporting “significant progress” toward the closing of the Disney merger.
Total revenue of $8….

Lauren Shuler Donner On ‘Gambit’, ‘New Mutants’ Hulu Rumors & Future Of ‘X-Men’ Franchise Under Disney – TCA

Read on: Deadline.

Lauren Shuler Donner is ready to hand off the X-Men franchise to Disney and Marvel’s Kevin Feige, and she has no worries — it’s in good hands.
“Kevin (Feige) and I started the first movie, he worked for me, he has a great story …

Fox’s Potent Station Group Fine-Tunes Strategy For Post-Disney Deal Era – NATPE

Read on: Deadline.

Fox cut a significant figure at this year’s just-concluded NATPE, promoting its forthcoming Meredith Vieira-hosted game show, 25 Words or Less, and getting its messages out on multiple executive panels.
The activity level is not a radical departu…