Disney begins Fox layoffs with cuts focusing on film executives [MSN Money]
Fox Corporation - Class B (FOX)
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Source: MSN Money
Disney Begins Fox Layoffs With Cuts Focusing on Film Executives © Bloomberg The layoffs, focused on sior managemt in the Fox film division, included Chris Aronson, pridt of domtic theatrical distribution; product strategy chief Mike Dunn; and three sior marketing executiv, according to people with knowledge of the matter. Stacey Snider, the studio’s chairman, said months ago that she would be leaving. Load Error The executiv are being giv as much as six months’ pay as severance, according to one person familiar with the terms who asked not to be idtified discussing nonpublic details. The deal, one of the most sweeping in the currt wave of media-industry consolidation, shrinks the number of major Hollywood studios to five from six, and was expected to rult in thousands of job loss. Disney Chief Executive Officer Bob Iger has promised cost savings of $ billion by 0, but also said he wants to exploit Fox franchis such as “Avatar” and “Deadpool.” Some executiv, like Emma Watts, vice chair
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