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The Disney-Fox Deal Will Close January 2019

The Walt Disney Company and 21st Century Fox’s major merger is coming together faster than anticipated and will now officially be completed on January 1, 2019. Fox has plenty of success over the years through a variety of media outlets, but determined they could not properly compete in the movie and TV space. They looked to sell these branches of the company and quickly found Disney to be their preferred buyer. Comcast attempted to pull the deal out from under Disney’s reaches, but simply made them pay them pay $71 billion for Fox’s assets instead of the initial $54 billion bid.

There has been plenty of resistance to the deal because of the monopoly Disney continues to grow and the job losses that will come from it. From Disney’s perspective, they view the Fox acquisition as a great way to enhance their library of content prior to launching their own streaming service late next year. Throughout the process, it was anticipated that summer 2019 would be when the deal would close, but it’ll actually be much sooner.

Related: What Will Happen to Fox’s R-Rated Franchises Under Disney?

Variety shared the news that 21st Century Fox president Peter Rice told Fox employees the merger will be “ready to close” on January 1, 2019. This effectively means that 2018 will be the final year for this current look of Fox and moves up the timeline for the merger as a result.

Disney and Fox shareholders officially approved the terms of the merger back in July, less than a month after the Department of Justice approved the deal on their own. The studios have since been seeking approval in various countries around the world, while also figuring out the new hierarchy of Disney in a post-merger landscape. For Rice’s part, he’s joining Disney as a top TV executive. Disney recently made several of these types of moves official, while other executives have already found jobs elsewhere for when the merger closes.

The accelerated timetable of the deal comes after reports that a late 2018 finalization could be possible. They will miss this mark by a day it appears, as both studios now hope to become one at the turn of the calendar year. This is all barring some unforeseen mishap with the deal, but considering how well the deal has gone so far, it is difficult to imagine anything coming up now that would hinder them from completing the deal on Jan 1. After all, Rice told this to all of Fox’s current employees in a town-hall setting at their Los Angeles studio, so they must be confident that this date will stick. How quickly changes, such as cancellation of some projects or Marvel Studios’ plans for the X-Men, are made from then on remain to be seen. But, we do at least now know when the merger will be completed.

MORE: Marvel Has Time To Put X-Men Into Avengers 4 (But Probably Won’t)

Source: Variety



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2018-10-10 01:10:31 – Cooper Hood

Birthday Mishap: When the team of Pataakha thought that it was Malaika Arora’s birthday


Birthday Mishap: When the team of Pataakha thought that it was Malaika Arora’s birthday

Well, we have often come across many funny stories that happen during the shoot of a particular film. But the confusion that took place on the sets of Pataakha would definitely leave you in splits. The team of the film mistook it to be Malaika Arora’s birthday and even planned a surprise which they had to eventually cancel. So here’s what happened!

Birthday Mishap When the team of Pataakha thought that it was Malaika Arora’s birthday

We have told you earlier that Malaika Arora will be doing an item number in this Vishal Bhardwaj film. The reality show judge, after rehearsing it, has already kicked off the shoot of the song ‘Hello Hello’ and when she arrived on the sets, she was surprised with the team’s gesture. It seems that many members of the film went up to her and wished her about the special day. That’s when Malaika realized that the team of Pataakha thought that it was her birthday.

Courtesy for the confusion is the internet! Apparently websites have been claiming that Malaika Arora’s birthday is on August 23. However, the actress clarified that her birthday is actually on October 23 further adding that some of these sites have messed up the month. It is also being planned that the team had to cancel the surprise too. It seems that the cast and crew had decided to get cake to the sets of the film and stop the shoot mid-day to celebrate the same but all of it was eventually done away with it.

Pataakha also stars Radhika Madan, Sanya Malhotra, Vijay Raaz, Sunil Grover amongst others and is slated to release on September 28. Directed by Vishal Bhardwaj, the film is produced by Kyta Productions and B4U Motion Pictures along with the filmmaker.

Also Read: Malaika Arora to feature in an ITEM number in the Vishal Bhardwaj film Pataakha



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