Disney/Fox Merger: Layoffs Could Number In The Thousands, Atmosphere For Future Control ‘Tense’

disney fox merger

Acquisition is a dirty business at times. Sure, from the perspective of us geeks, some of our favorite superheroes under the sun will finally be returning to Marvel proper, allowing them to be utilized in the Marvel Cinematic Universe, but it’s not all going to be sunshine and rainbows. As with all major acquisitions, there are a number of redundant jobs that will result in some serious layoffs.

According to an extensive piece from Variety, which chronicles the ins and outs of Disney’s upcoming streaming service, Disney+, the layoffs from duplicative staffers are expected to reach the hundreds, and could even reach as high as the thousands. While many of us may not feel the effects of the merger, this will lead to a wave of unemployed creatives who will have to find work elsewhere in an already-competitive business. Personally, I’ll be interested to see what sort of landscape this leads to down the line and what sort of ramifications it will have on the industry as a whole.

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Another interesting aspect of the acquisition is that there seems to be a rivalry between Disney exec Kevin Mayer, who is overseeing the Direct-to-Consumer and international division, and Fox exec and incoming Disney TV exec Peter Rice. The two seem to be competing for Disney CEO Bob Iger’s position when he retires, and the atmosphere is being described as “tense” by a Disney TV exec. Pretty much, I’m imagining the whole thing to play out like the HBO series Vice Principals.

But what do you think of these pieces of news. While it’s easy to point to the positives behind an acquisition like this, there is undoubtedly bound to be some huge ramifications on the industry as a whole. Do you think it’ll be for the better? Let me know your thoughts down below!

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SOURCE: Variety

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