The move puts Disney in a strong position ahead of the launch of its streaming service later this year, which could pose a threat to the dominance of on-demand giants Netflix and Amazon. Read more: HSBC sued for £150m in relation to Disney tax avoidance scheme
Feels like the first day of ‘Pool. pic.twitter.com/QVy8fCxgqr— Ryan Reynolds (@VancityReynolds) March 19, 2019
The deal has led to the spin-off of Fox’s news and sports assets, including Fox News Channel and Fox Broadcast Network, into Fox Corporation, which made its debut on the Nasdaq yesterday. But the merger has also led to fears of job losses, with reports that 4,000 staff members of staff could be laid off as the new group looks to cut costs.