A PYMNTS Company

US: Writers Guild blasts Disney-Fox deal

 |  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.

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.