Sunday 22 April 2018
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4 months ago

As Disney swallows Fox, a new era dawns for Hollywood

NEW YORK (AP) --- After years of tremors, the earthquake that had long been predicted finally shook Hollywood. Disney s deal to purchase most of 21st Century Fox ends the era of the Big Six major movie studios, toppling one of the industry s most famed studios and dramatically redrawing the Hollywood map. Disney s move --- to pay $52.4 billion in stock for Fox assets --- has countless reverberations. But by effectively absorbing Fox s film studio, 20th Century Fox, Disney has rapidly accelerated the in

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