Hollywood
Twentieth Century Fox & Imax ink maiden multi-film deal
MUMBAI: Twentieth Century Fox and Imax Corporation have entered into their first long-term, multi-picture agreement.
Their first joint multi-picture agreement includes future tentpoles from the Fox slate, including Deadpool, Independence Day Resurgence,Maze Runner: The Death Cure and the studio’s untitled Wolverine project.
“We are very happy to announce this new global affiliation with Imax and look forward to offering our audiences another choice in their viewing of our movies. We look forward to working with our partners in what is sure to be an exciting and rewarding future,” said Twentieth Century Fox president of worldwide marketing and distribution Paul Hanneman, president of domestic theatrical distribution Chris Aronson.
“We are extremely pleased to enter into this strategic alliance with Fox, with whom we have experienced some of our greatest successes. Given their exciting upcoming slate, the agreement makes strategic sense for both companies. We are also excited to be able to release blockbusters together in China, which we think could help Imax and Fox expand our footprint in that market jointly,” said Imax Corp CEO Richard L. Gelfond.
“With this new multi-picture deal, Imax closes the loop among the Hollywood studios and takes our relationship with Fox to a new level. We are excited to bring this particular slate of films to Imax fans worldwide,” said Imax Corp senior executive vice president and Imax Entertainment CEO Greg Foster.
The Imax release of each film will be digitally re-mastered into the image and sound quality of The Imax Experience with proprietary Imax DMR (Digital Re-mastering) technology. The crystal-clear images, coupled with Imax’s customized theatre geometry and powerful digital audio, create a unique environment that will make audiences feel as if they are in the movie.
Hollywood
Disney to cut 1,000 jobs in major restructuring drive
Layoffs span ESPN, studios and tech as company pivots to growth
MUMBAI: The magic isn’t disappearing but it is being reorganised. The Walt Disney Company has announced plans to cut around 1,000 jobs as part of a sweeping restructuring effort aimed at sharpening its edge in an increasingly unpredictable entertainment landscape. The move, led by CEO Josh D’Amaro, reflects a broader internal reset as the company rethinks how it operates, allocates resources and competes in a fast-evolving industry. In a memo to employees, D’Amaro acknowledged the difficulty of the decision but framed it as a necessary step to ensure Disney remains “efficient, innovative, and responsive” to rapid shifts in consumer behaviour and technology.
The layoffs will span multiple divisions, including marketing, film and television studios, ESPN, technology teams and corporate functions. Notifications have already begun, signalling that the restructuring is not a distant plan but an active transition underway.
Importantly, the company has clarified that the cuts are not performance-driven. Instead, they form part of a wider transformation strategy aimed at building a leaner, more agile organisation, one better equipped to respond to streaming dynamics, digital disruption and evolving audience expectations.
The timing is telling. The global entertainment industry is in the middle of a structural shift, with traditional television revenues under pressure and box office returns becoming increasingly volatile. Meanwhile, streaming platforms and digital-first competitors continue to redraw the rules of engagement, forcing legacy players to rethink scale, speed and storytelling formats.
For Disney, long synonymous with blockbuster franchises and timeless storytelling, the pivot is both strategic and symbolic. The company is doubling down on technology, direct-to-consumer services and content ecosystems that align with modern viewing habits, where audiences expect immediacy, personalisation and cross-platform experiences.
Even as the restructuring unfolds, D’Amaro struck a note of optimism, reiterating Disney’s commitment to creativity and long-term growth. Support measures for affected employees are expected as part of the transition, though details remain limited.
In essence, this is less about cutting back and more about reshaping forward. As Disney redraws its organisational map, the message is clear, in today’s entertainment world, even the most magical kingdoms must evolve or risk being left behind.
