Dana Walden, Gary Newman Ink 1-Year Fox Contract Extension as Disney Sale Looms

By  |  0 Comments

Courtesy of FOX

Gary Newman and Dana Walden

Fox TV Group chairmen and CEOs Dana Walden and Gary Newman are staying put — for now.

The duo have inked a new one-year contract extension that will keep them at the helm of studio 20th Century Fox Television and the Fox network. The deal comes as regulators are expected to approve Disney’s $52.4 billion deal to acquire Fox assets including the studio and FX.
Questions surrounding Walden and Newman’s future with the network and studio have been swirling for months after the potential Disney deal was announced. The duo have already started to pivot the broadcast network into a home for broad-skewing procedurals and multicamera comedies including the revival of Tim Allen’s Last Man Standing.

Sources tell The Hollywood Reporter that the extension has been in the works for more than a month. The extension allows Walden and Newman — and Fox and potentially Disney — time to figure out their new roles should the sale clear regulatory approval as has been wildly expected. When the sale was announced in December, both companies expected the deal to be approved within 18 months. 

For her part, Walden has been rumored for top jobs ranging from a high-profile role within Disney or a move to Netflix to work alongside her friend and longtime collaborator Ryan Murphy. The prolific producer inked a massive $300 million deal with the streaming giant and will segue from his longtime home at 20th TV — where he once joked that he’d be buried on the studio’s lot —  and will exit the company this summer. In a testament to her relationship with the creator of Fox’s 911 and former hits including Glee, Murphy made a surprise appearance during Fox’s upfront presentation to Madison Avenue ad buyers Monday in New York. 

More to come… 

Source link

You must be logged in to post a comment Login

Leave a Reply