A PYMNTS Company

US: Writers Guild blasts Disney-Fox deal

By  |  December 14, 2017

The Writers Guild of America has issued a blistering attack on Disney’s proposed US$52.4 billion, all-stock deal to acquire 20th Century Fox and other entertainment and sports assets from Rupert Murdoch’s empire.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The WGA West, which represents over 10,000 writers, issued the statement a few hours after the entertainment conglomerates announced the transaction. The guild cited antitrust concerns and said that the six major media conglomerates have exercised control over the entertainment industry for decades, “often at the expense of the creators who power their television and film operations.”

    The WGA sounded that theme repeatedly earlier this year during often-acrimonious negotiations on a new master contract, asserting repeatedly that the six companies had generated combined operating profits of US$49 billion in 2016.

    Full Content: Hollywood Reporter

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.