Disney-FOX merger expected to cut 4,000 jobs

vinnygambini

Member
Dec 11, 2018
522

Sephzilla

Herald of Stoptimus Crime
Member
Oct 25, 2017
15,531
They can’t, and it’s because they don’t understand the definition of the word in the first place.
I feel like there's a decent chunk of people on Era who define a monopoly as "some one/thing getting insanely rich" because that's how the board game works

You’ve linked an article pertaining to Deadpool’s fate, a Marvel property, a subsidiary of Disney... That doesn’t alleviate any of the concerns I mentioned. The FOX banner as we know it with films like The Maze Runner, The Hate U Give, Bohemian Rhapsody, etc. is no more. To claim otherwise would be fallacy.
I'm citing an example that proves your belief wrong. All you're doing is baseless conjecture. Plus the article I linked to also covers more than just Deadpool

Disney will own a majority stake in Hulu once its acquisition of 21st Century Fox is finished, and the company could use Hulu as a way of streaming its R-rated films while keeping Disney+ family friendly. Disney+ will launch later this year, but Iger did not announce a specific launch date or subscription cost during the call. More information is expected to come out following Disney’s Investors Day on April 11th.
 

Ryan.

The Fallen
Oct 27, 2017
9,633
You’ve linked an article pertaining to Deadpool’s fate, a Marvel property, a subsidiary of Disney... That doesn’t alleviate any of the concerns I mentioned. The FOX banner as we know it with films like The Maze Runner, The Hate U Give, Bohemian Rhapsody, etc. is no more. To claim otherwise would be fallacy.
They're using Deadpool as an example. It's even been said they would use Hulu, once the purchase is complete, to distribute more adult focused content that wouldn't fit in Disney+.
 

SturokBGD

Member
Oct 25, 2017
2,256
Ontario
You know, it takes a lot to get me to side with the nerds. Well done, Era.

Job loss sucks. The worst thing is that 4000 will likely triple when all is said and done.
 

RedVejigante

Member
Aug 18, 2018
2,762
If someone was cheering the termination of these jobs or saying they don't care about them because they'll get to see all their favorite toys smash against each other in the movies, then yes, that would be a fucked attitude, but I really don't see that happening.
 

stupei

Member
Oct 26, 2017
2,395
Considering Comcast's history I think calling Disney a "slightly lesser of two evils" is a huge disservice to how awful of a company Comcast actually is.
The park side of Disney seems to be a lot more evil than the film side, whereas admittedly Comcast is pretty evil throughout. You're right.

Like honestly if this was a company that didn't literally have an employee die in the car she was living out of in secret because she didn't make a living wage at Disney just a couple of years ago, I would be more inclined to believe that they only fire people based on absolutely necessary redundancies and that all the job loss was in fact totally inevitable and that they would only employ the best people for the jobs instead of focusing on, as an example, keeping the people who were already being paid less.
 

Sacul64

One Winged Slayer
Member
Oct 27, 2017
3,889
Yeah, the people being guilt tripped in a video game forum are the real victims here, just let them enjoy their corporate art in peace
Says the person using people's lives like a wepon online because he does not like "corporate art" you come off sounding like your happy they lost their jobs just so you can say GOT YA to people that want to see Marvel FF and XMen.

That said I hope those affected are able to find work. Loosing my job last year is one of the worst things I had to go through but at least it got me out of GameStop.
 

stupei

Member
Oct 26, 2017
2,395
No one is happy about people losing their jobs, but if making people feel bad for enjoying Marvel Studios films makes you feel better, then I'm glad you finally have an excuse to do so.
But like this shit is what's actually bothering me about this thread. I love the MCU. They're some of my favorite movie going experiences every year.

And yet I don't feel the need to defend their honor or whatever it is some people think they're doing if the way that people react to such a massive loss for a lot of people is by saying fuck that to some movies that I like, because it's just insanely petty for that to be your focus at a time like this.
 

Chikor

Member
Oct 26, 2017
10,661
Right under you is why. So yes it's a fact of life and it's a fact of how these companies operate. It sucks for those people that are let go but again it's because they were bought by another company.

So tell me what do you think should happen?
I don't think those companies should prioritize their shareholders ahead of their workers.
Not all companies do that and it's definitely wasn't always the norm, this is mostly something that started in the last 40 years or so, and it's really sad for me to see so many people who can't even imagine a different system.

Big companies tend to not become big companies by making really poor business decisions.

What you're proposing is an incredibly poor business decision.
This is exactly the same argument rich people made (and are still making) as to why their amazingly profitable companies can't pay living wage for their workers.
 

Exile20

Member
Oct 25, 2017
1,716
how is it disgusting? Do you expect when companies merge to keep everyone? Do you need two IT departments or two HR departments?
Ye it makes sense but you never really hear about COO, CEO, CFO, etc ever losing their jobs in mergers. Mergers only benefit executives and up and shareholders. Everything else is an after thought. The people low on the totem pole always get fucked in every situation. It is just frustrating. The system is set up to protect the higher ups in buyouts, mergers, bankruptcies, etc.
 

vinnygambini

Member
Dec 11, 2018
522
I'm citing an example that proves your belief wrong. All you're doing is baseless conjecture.
You’re citing Bob Iger when he was asked about Deadpool’s fate on a conference call when it comes to R-rated content. Furthermore, the article states R-rated content “could,” I repeat “COULD” be relegated to Hulu’s platform. They don’t know. Furthermore, the article cited doesn’t even tackle in the slightest what will happen with FOX’s slate moving forward.

Hollywood Reporter goes in depth in their report stating FOX’s slate will de reduced from their current output of 12-14 titles a year to 4-5. But yes, all is well, whatever fits your narrative.
 

stupei

Member
Oct 26, 2017
2,395
Ironically I was watching a youtube video just today about Eastern Airlines, its time serving as the official airline for Disney, and its eventual collapse and dissolution after years of fighting between management and the unionized workers. (With maybe the greatest twist being that at its lowest period, after a long stretch of union busting activities, they sold all their shuttle services to Trump, who obviously rebranded.)

The video ended with this really interesting quote from an archival clip:

What after all is the meaning and purpose of the American corporation? Is it just a bundle of financial assets to be moved around to their highest and best use, or is a corporation a network of mutual obligations, mutual responsibilities? A compact between people to produce wealth in the future. Can we have it both ways? The Eastern story suggests no.
 

Expy

Member
Oct 26, 2017
8,423
Ye it makes sense but you never really hear about COO, CEO, CFO, etc ever losing their jobs in mergers. Mergers only benefit executives and up and shareholders. Everything else is an after thought. The people low on the totem pole always get fucked in every situation. It is just frustrating. The system is set up to protect the higher ups in buyouts, mergers, bankruptcies, etc.
Because the CEOs, CFOs, etc. are specialized positions. You can't fire them without first obtaining all their knowledge and expertise. Whereas accounting departments crunch numbers, IT departments only have a few specialized employees, so they are way easier to cut /downscale.
 

Nerdyone

Banned
Oct 28, 2017
1,723
Ye it makes sense but you never really hear about COO, CEO, CFO, etc ever losing their jobs in mergers. Mergers only benefit executives and up and shareholders. Everything else is an after thought. The people low on the totem pole always get fucked in every situation. It is just frustrating. The system is set up to protect the higher ups in buyouts, mergers, bankruptcies, etc.
Not going to argue that the line people get screwed over. But it's a fact of life and people need to deal with it.
 

TDLink

Member
Oct 25, 2017
8,383
This is to be expected with any merger due to redundancies. I don't know why people are acting surprised. It's really not that bad. This industry isn't that large, but there seems to constantly be new companies popping up (be they streamers, prodcos, or whatever). The skilled people will all land somewhere else. Most of the unskilled probably will too.
 
OP
OP
exMage

exMage

Member
Oct 25, 2017
11,240
Detroit, MI
Ironically I was watching a youtube video just today about Eastern Airlines, its time serving as the official airline for Disney, and its eventual collapse and dissolution after years of fighting between management and the unionized workers. (With maybe the greatest twist being that at its lowest period, after a long stretch of union busting activities, they sold all their shuttle services to Trump, who obviously rebranded.)

The video ended with this really interesting quote from an archival clip:
Defunctland is an amazing YouTube channel
 
Oct 27, 2017
26,358
Ye it makes sense but you never really hear about COO, CEO, CFO, etc ever losing their jobs in mergers.
Well, it makes sense to keep on execs from both companies on in different capacities, but they usually are fired as well. It's also not surprising that in most of these, especially if they're acquisitions, the acquired company's execs usually leave soon after. It's just that they're presented as them simply leaving, oftentimes with generous severance packages. Yeah, that puts that at a much better situation than the normal employees, but it definitely happens
 

stupei

Member
Oct 26, 2017
2,395
You’re citing Bob Iger when he was asked about Deadpool’s fate on a conference call when it comes to R-rated content. Furthermore, the article states R-rated content “could,” I repeat “COULD” be relegated to Hulu’s platform. They don’t know. Furthermore, the article cited doesn’t even tackle in the slightest what will happen with FOX’s slate moving forward.

Hollywood Reporter goes in depth in their report stating FOX’s slate will de reduced from their current output of 12-14 titles a year to 4-5. But yes, all is well, whatever fits your narrative.
Iger learned directly under Eisner, whose entire philosophy was to be risk averse, at least after Euro Disney was such a massive flop that he was in danger of sinking the company. Iger modified this to be about big acquisitions and focus around tentpoles, but he still has a very calculated aversion to risk that's seen in their frequently remaking and repackaging already successful franchises.

A lot of this calculated approach to risk is focused around the Disney company's internal obsession with what they call their brand integrity. Keeping FOX's name might be enough separation for them to make things they wouldn't otherwise, but I assume they will be gutting a lot of the slate to not compete directly with their own output and prioritizing their own highly successful and Disney branded lineup that can feed directly back into merchandising and the park itself.

Defunctland is an amazing YouTube channel
High five. I immediately followed it up with the Yesterworld about how Disney let Harry Potter slip through their fingers roughly a million times.
 

Chikor

Member
Oct 26, 2017
10,661
Because the CEOs, CFOs, etc. are specialized positions. You can't fire them without first obtaining all their knowledge and expertise. Whereas accounting departments crunch numbers, IT departments only have a few specialized employees, so they are way easier to cut /downscale.
C-suit executives are generally way easier to replace than people on lower levels. For example, if you have been the CFO of any big company you can apply and become the CFO of Disney, it's really only a question if they're willing to pay your enough money.
When you want to hire people on lower you almost always want relevant and specific job experience in the field, and the ramp up time tends to be longer (though it depends on the specific type of position of course, I'm talking in general here).
Also, I don't know if you ever worked for a company that had their CEO or one of their VPs replaced or fired, but companies tend to keep on chugging along while they search for a replacement. Eventually you'll obviously need this position filled, but in my experience an executive going on a long vacation is way less disruptive to the company ability to execute on their day to day tasks than if a bunch of "normal" workers don't show to work.
 

Cipherr

Member
Oct 26, 2017
8,078
Honestly, I just get tired of seeing Disney worship and Era lapping up corporate art non stop. MCU isn't some great cultural work, neither is star wars, let it go.

You are the one that needs to let it go. Let the nerds enjoy their movies and stop trying to bring your beef with people liking things to threads like this where it doesn't belong. You guys are rightfully being called out for being ridiculous here. Your pointed rage at this random company and fans of their films is just ridiculous.
 

WoahW

Banned
Oct 27, 2017
1,975
We knew this at the first talk of the merger and even then I think 4000 is a very modest estimation. Disney will probably be slowly eliminating positions over the next 12 to 18 months so that there isn't too much 'sticker shock' at all the redundancies at once.

Disney will turn Fox studio (or whatever it will be known as post merger) into a New Line esque production label putting out 4 to 6 theatrical titles a year. They are dramatically downsizing the studio and thus they'll be dramatically downsizing the staff.
Nowhere did they say that stop your rumor spreading bullshit kid. You were in the merger thread whining Comcast should win and I get it, your upset they didn’t but don’t blatantly make shit up
 
Oct 27, 2017
26,358
Also, I don't know if you ever worked for a company that had their CEO or one of their VPs replaced or fired, but companies tend to keep on chugging along while they search for a replacement. Eventually you'll obviously need this position filled, but in my experience an executive going on a long vacation is way less disruptive to the company ability to execute on their day to day tasks than if a bunch of "normal" workers don't show to work.
They "chug along" because their duties are taken over by others in the interim. They don't just leave that gap in responsibilities open for a prolonged period of time
 

vinnygambini

Member
Dec 11, 2018
522
Iger learned directly under Eisner, whose entire philosophy was to be risk averse, at least after Euro Disney was such a massive flop that he was in danger of sinking the company. Iger modified this to be about big acquisitions and focus around tentpoles, but he still has a very calculated aversion to risk that's seen in their frequently remaking and repackaging already successful franchises.

A lot of this calculated approach to risk is focused around the Disney company's internal obsession with what they call their brand integrity. Keeping FOX's name might be enough separation for them to make things they wouldn't otherwise, but I assume they will be gutting a lot of the slate to not compete directly with their own output and prioritizing their own highly successful and Disney branded lineup that can feed directly back into merchandising and the park itself.
Alan Horn will be prioritizing tent-pole films from the FOX banner with the likes of Avatar, Terminator (they have international distribution), etc. Even Hollywood Reporter's article alludes to such a strategy with the reduced slate. The FOX banner will move to a risk-averse slate so when users quote me and say no, that's not the case, it's upsetting. The writting has been on the wall ever since the transaction was announced. It's an end of an era in a sense.
 

Cross

Member
Oct 25, 2017
2,392
Alan Horn will be prioritizing tent-pole films from the FOX banner with the likes of Avatar, Terminator (they have international distribution), etc. Even Hollywood Reporter's article alludes to such a strategy with the reduced slate. The FOX banner will move to a risk-averse slate so when users quote me and say no, that's not the case, it's upsetting. The writting has been on the wall ever since the transaction was announced. It's an end of an era in a sense.
Alan Horn is leaving Disney this year. And Disney won't be touching Fox Searchlight and FX, Iger has already said that.
 

Sephzilla

Herald of Stoptimus Crime
Member
Oct 25, 2017
15,531
You’re citing Bob Iger when he was asked about Deadpool’s fate on a conference call when it comes to R-rated content. Furthermore, the article states R-rated content “could,” I repeat “COULD” be relegated to Hulu’s platform. They don’t know. Furthermore, the article cited doesn’t even tackle in the slightest what will happen with FOX’s slate moving forward.

Hollywood Reporter goes in depth in their report stating FOX’s slate will de reduced from their current output of 12-14 titles a year to 4-5. But yes, all is well, whatever fits your narrative.
Well excuse me if I don't shed a tear at Disney not giving green lights to such highly esteemed movies as The Maze Runner in the future

This is exactly the same argument rich people made (and are still making) as to why their amazingly profitable companies can't pay living wage for their workers.
If you can't see the reasoning for why a company wouldn't want to pay 3 people to do a job 1 person can do then I'm not really sure what to tell you.
 

vinnygambini

Member
Dec 11, 2018
522
Alan Horn is leaving Disney this year. And Disney won't be touching Fox Searchlight and FX, Iger has already said that.
Do you have a source for Alan's departure? His contract was suppose to end in 2018 but got extended if memory serves me right.

Well excuse me if I don't shed a tear at Disney not giving green lights to such highly esteemed movies as The Maze Runner in the future
Keep digging that hole honey
 

Bus-TEE

Member
Nov 20, 2017
3,843
Nowhere did they say that stop your rumor spreading bullshit kid. You were in the merger thread whining Comcast should win and I get it, your upset they didn’t but don’t blatantly make shit up
What?

I never said that I hoped Comcast would win. Why? Because I'm a grown man and I don't invest emotionally in multi national corporations and who they acquire through M&A.

And it's been known for a while, almost since day one, that Disney will downsize Fox studios into a production label. The very article in the OP (which you obviously didn't bother to read) confirms it.

She and her production team are expected to make as many as four to five films a year for theatrical release, far fewer than the typical 12 to 14 titles that Fox has been turning out annually
https://www.hollywoodreporter.com/features/how-disney-will-make-21st-century-fox-disappear-1182704

However I was the one in the 'merger thread' who said that this deal now makes the Murdochs, the family who were the architects of and continue to be the owners of Fox News, the collective largest shareholders in Disney. That fact upset a lot of people in that thread. It probably upset you too. I suppose you'll just have to make your peace with it.
 
Oct 26, 2017
15,325
Yeah, that's terrible news. But I don't get why people feel the need to act 'holier-than-thou' towards the layman who's interested in superhero movies.
Because they were so vocal about this merger. They didn't make it happen but the entire attitude of, "fuck yeah! F4 and Mutants in MCU! Aweeesome! Oh sorry about your job." It comes off as not actually caring and when people say, "yeah, it sucks you lost your job" it doesn't come off as genuine as you put more thought and joy into the MCU gaining a bigger roster.
 

Lothars

Banned
Oct 25, 2017
8,400
Because they were so vocal about this merger. They didn't make it happen but the entire attitude of, "fuck yeah! F4 and Mutants in MCU! Aweeesome! Oh sorry about your job." It comes off as not actually caring and when people say, "yeah, it sucks you lost your job" it doesn't come off as genuine as you put more thought and joy into the MCU gaining a bigger roster.
Seriously your post is bullshit. We can be sad for the people who lost their job but understand why it happening.
 

Elderly Parrot

Attempted to circumvent ban with alt account
Banned
Aug 13, 2018
3,146
People don’t know what a monopoly is. Read about Ma Bell that was a monopoly. The company that pretty much broke into ATT now and Verizon and other companies with less competition at the time.
 

Maximus

Member
Oct 27, 2017
3,586
Do some of you...LIKE being outraged all the time? I understand feeling bad about this sort of thing but do you really want to feel angry and then taking it out on people who have no control over it?
Looking at the state of the Internet, yes people enjoy being outraged and mad about everything.

Lots of people here showing they don’t understand business. Is it fucked two huge companies can merge? Yes, but governments are allowing it right now. If it wasn’t Disney, it would’ve been Comcast. At least Disney is better with its properties.
 

Ronin1138

Banned
Jan 10, 2019
246
... but at least nerds get their FF right?
Yes because if Comcast or any other company bought them they would never lay off those employees right? and certainly Fox has NEVER laid off staff in their corporate history

Yes Disney buying Fox was worth it to get the FF back. Sorry you feel different dawg.
 

WoahW

Banned
Oct 27, 2017
1,975
What?

I never said that I hoped Comcast would win. Why? Because I'm a grown man and I don't invest emotionally in multi national corporations and who they acquire through M&A.

And it's been known for a while, almost since day one, that Disney will downsize Fox studios into a production label. The very article in the OP (which you obviously didn't bother to read) confirms it.



https://www.hollywoodreporter.com/features/how-disney-will-make-21st-century-fox-disappear-1182704

However I was the one in the 'merger thread' who said that this deal now makes the Murdochs, the family who were the architects of and continue to be the owners of Fox News, the collective largest shareholders in Disney. That fact upset a lot of people in that thread. It probably upset you too. I suppose you'll just have to make your peace with it.

Disney will definitely cut jobs that’s a given of any merger, but you can’t quote an article saying something is “expected” as fact. No one truly knows the scale of integration Disney will do with Fox. All we know right now is tiny bits and pieces, not nearly enough to say what you said.

Also that is not all you said in the merger thread, should I start pulling quotes or are you deleting what you had posted previously?

The Murdoch’s collectively will own the most Disney shares but in no way will have a majority stake, oh and his two sons are actually on the left not right in terms of politics so maybe do some research before just seeing a name and assuming....
 
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maximumzero

Member
Oct 25, 2017
15,186
New Orleans, LA
This shit is nerve wracking for even me and I don't work in anything remotely related to the entertainment industry.

Disney has become this amorphous blob that just absorbs everything in its wake and it's frankly a bit scary to see it happen.
 

Ryan.

The Fallen
Oct 27, 2017
9,633
Because they were so vocal about this merger. They didn't make it happen but the entire attitude of, "fuck yeah! F4 and Mutants in MCU! Aweeesome! Oh sorry about your job." It comes off as not actually caring and when people say, "yeah, it sucks you lost your job" it doesn't come off as genuine as you put more thought and joy into the MCU gaining a bigger roster.
The jobs weren't going to magically stay if Comcast bought them.

But hey "Boooo comic book nerds! Boooo capitalism! Boooo 'monopolies'!"
 

Bus-TEE

Member
Nov 20, 2017
3,843
Disney will definitely cut jobs that’s a given of any merger, but you can’t quote an article saying something is “expected” as fact. No one truly knows the scale of integration Disney will do with Fox. All we know right now is tiny bits and pieces, not nearly enough to say what you said.
The article is from the Hollywood Reporter. If I had to choose between the Hollywood Reporter and you when it comes to knowledge about what's happening and expected to happen in the entertainment industry I'm going to have to side with the 'Reporter.

But that's just me.

Enjoy the rest of your day.
 

WoahW

Banned
Oct 27, 2017
1,975
The article is from the Hollywood Reporter. If I had to choose between the Hollywood Reporter and you when it comes to knowledge about what's happening and expected to happen in the entertainment industry I'm going to have to side with the 'Reporter.

But that's just me.

Enjoy the rest of your day.
Love it. How you ignore the Murdoch sons being left leaning.

Yes they probably have sources and at the moment that very well might be the plan but the overall point is no one knows yet shocking right?
 

cid85

Banned
Oct 25, 2017
863
So this is a merger and not one buying the other? Thought it was Disney buying fox. Why is Disney calling the shots if it’s a merger ?
 
Oct 26, 2017
15,325
Seriously your post is bullshit. We can be sad for the people who lost their job but understand why it happening.
More people are celebrating the fact that Disney now has Fantastic Four and Mutants. That should be worrisome as a moral thing overall. "Comcast would have done the same, or it's capitalism's fault, but we got mutants and F4 AND DOOM! so yeah."

Also, if Comcast got FOX and cut jobs, people would still be upset they own the F4 and X-Men properties rather than cut jobs and media control. I think people as a whole need to put the negatives before any pop culture positives.
 

Hassel

Attempted to circumvent ban with alt account
Banned
Oct 25, 2017
1,363
That's how M&A's work,
Its really the point of them to reduce inefficiency and remove redundancy.


What else would you have expected?
 

Lothars

Banned
Oct 25, 2017
8,400
More people are celebrating the fact that Disney now has Fantastic Four and Mutants. That should be worrisome as a moral thing overall. "Comcast would have done the same, or it's capitalism's fault, but we got mutants and F4 AND DOOM! so yeah."

Also, if Comcast got FOX and cut jobs, people would still be upset they own the F4 and X-Men properties rather than cut jobs and media control. I think people as a whole need to put the negatives before any pop culture positives.
People are disappointed they are cutting jobs but this is not surprising or anything that wouldn't have been predicted, it happens in these scenarios all the time. No matter how much it sucks that people are losing their job, it's nothing that is unexpected even if it's sad but it also doesn't mean it's not a good thing that Disney is getting their properties back. I don't see any reason to be blaming people that are happy regarding the properties brought back to disney.
 

Matt

The Terror that Flaps in the Night
The Fallen
Oct 24, 2017
6,032
This is what happens when big companies buy each other.

Which is why it bugs me so much when people treat corporations like sports teams and acquisitions as a form of “winning.”