The Walt Disney Company and 21st Century Fox deal could have a disastrous impact on the studios’ employees, resulting in upwards of 5,000-10,000 job losses.
The record-breaking $52.4 billion dollar deal quickly became the talk of Tinsel Town yesterday, when it was finalized.
Even now, tongues are waggling over the fate of both studios and what changes this union might bring about in the future.
Weiser predicts “ongoing margin compression for the company’s media networks businesses, both because of rising costs for sports rights and programming more generally.”