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– by Joseph Jammer Medina

disney fox merger

With Disney recently announcing their plans to acquire 21st Century Fox, a lot of us geeks are thrilled with the idea of seeing certain characters finally return to the Marvel fold. After years of wishing and waiting and hoping and praying, seeing the X-Men and Fantastic Four fighting alongside Tony Stark and Thor is a very real possibility.

But while we sit back and dream up the best ways for the Fantastic Four to get incorporated into the Marvel Cinematic Universe, there is a chance that this deal could have some disastrous impacts for thousands of people.

According to a report from Rich Greenfield, an analyst with BTIG, this acquisition could very well lead to 5,000 to 10,000 lost jobs.

“Disney expects over $2 billion in synergies from the Fox acquisition, with the overwhelming majority of that from cost-savings–meaning job cuts. In order to reduce costs by upwards of $2 billion, we believe Disney will need to cut well-over 5,000 jobs and the number could easily swell toward 10,000 given the high degree of overlap between the two companies around the world.”

He isn’t the only one who is waving a red flag with this deal. While it could mean great things for geeks, there are still a lot of questionable economics on the whole thing. At the end of the day, it’s hard to shake the feeling that we may end up with an industry with fewer films, and less competition, which is never a good thing.

What are your biggest concerns regarding this acquisition? Let us know your thoughts down below!

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SOURCE: Deadline

  • Victor Roa

    yup, the stocks go up when jobs go down…. we are currently living in a simpsons episode.

    • Vector

      Stock holders understand that having two or more people do the exact same job is a waste of money and resources.

      • Saranac

        We’re already down one Quicksilver…

  • Paul Frost

    Disney: “When you’ve run out of ideas…..you just BUY somebody else.”

Joseph Jammer Medina is an author, podcaster, and editor-in-chief of LRM. A graduate of Chapman University's Dodge College of Film and Television, Jammer's always had a craving for stories. From movies, television, and web content to books, anime, and manga, he's always been something of a story junkie.