Five months after Disney’s $71.3 billion acquisition of key Fox assets was completed, there has been a new round of layoffs in Disney’s media distribution areas that include home entertainment and TV distribution, I have learned. I hear several dozen employees, just under 60, were affected, both on Fox and Disney side. I hear among the highest-ranked among those who are leaving are Greg Drebin, EVP of Worldwide Marketing for 20th Century Fox TV Distribution; and Jennifer Chai, SVP, Worldwide Marketing & Strategy for 20th Century Fox Home Entertainment.
The news of more post-merger layoffs at Disney is not surprising in light of the company’s recent disappointing fiscal third-quarter earnings report. In it, Disney blamed the earnings miss on the integration of Fox’s entertainment assets as well as streaming investments and weak theme parks attendance.
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Between pressure to trim costs related to the merger by stepping up savings/synergies and shifting distribution patterns away from traditional channels, like home enter
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