Could a Twitter and TikTok merger be in the works?
The Wall Street Journal reported Saturday that San Francisco-based Twitter had preliminary talks about a potential combination with TikTok, the popular video-sharing app, citing people familiar with the matter. The wording of the tweets seem to hint that the two companies are discussing an agreement, not a merger, but the Reuters brief notes that "this article is not legally binding."
Twitter is just one of several potential combinations that Disney has measured to decide whether to commit to Katzenberg's new venture. The Journal said Disney's during a meeting with Houston Partners, an investment firm that advises on big mergers, "included in a deal a stock swap" similar to Friday's sale of 23.9% of 21st Century Fox to filmmaker Rupert Murdoch.
That then would be along the lines of the deal announced Friday that listed the assets belonging to 21st Century Fox from Murdoch. The newspapers and TV stations acquired plus the Fox movie studio will then be conducted by a newly named News Corp subsidiary, which will also be headquartered in Los Angeles.
On The blog Gawker, former Fox producer Zachary Winter released a statement releasing his personal opinions of the proposed Fox deal and asking, "Just how far was Fox Out of control?"
"It is thought that a Google-like service will come in the next five years which will give consumers increased access to movies and TV. That is the kind of content we are abandoning. The network model bankrupts everything. It destroys studios. It destroys shows. It destroys studios and casts," Winter wrote.
"Gone are the days where a network pays Universal to get it to allow its footage be used in Jurassic Park while Paramount gets many millions for remake of The Mighty Ducks," the article continues. "Last season, Fox had to be bailed out by Universal and a consortium that owns DirecTV subscribers, owed $900 million. Other networks were hit by cuts, including Fox's Thursday Night Football competitors. Fox must pay 30% of NFL earnings for next season," the article said.
"Now, Disney will be bailed out by Comcast and Yahoo shareholders," Winter wrote. "It will have more time and spend more money on Ray Bradbury contracts. Everyone's fees go up, but how many of you watch The Simpsons or Family Guy anymore? Yah, to me, entertainment is dead, dead."
On SoundCloud, shows entitled If Let's Be Serious about Not Telling the Stories as Good as We Saw Them—all standouts on that blog with day-by-day analysis of previous SSC performances—recogonized Weekend Update head writer Danny Burstein as subject of a (admittedly illegal) Twitter account @TVBartFriday.
The Wall Street Journal reported Saturday that San Francisco-based Twitter had preliminary talks about a potential combination with TikTok, the popular video-sharing app, citing people familiar with the matter. The wording of the tweets seem to hint that the two companies are discussing an agreement, not a merger, but the Reuters brief notes that "this article is not legally binding."
Twitter is just one of several potential combinations that Disney has measured to decide whether to commit to Katzenberg's new venture. The Journal said Disney's during a meeting with Houston Partners, an investment firm that advises on big mergers, "included in a deal a stock swap" similar to Friday's sale of 23.9% of 21st Century Fox to filmmaker Rupert Murdoch.
That then would be along the lines of the deal announced Friday that listed the assets belonging to 21st Century Fox from Murdoch. The newspapers and TV stations acquired plus the Fox movie studio will then be conducted by a newly named News Corp subsidiary, which will also be headquartered in Los Angeles.
On The blog Gawker, former Fox producer Zachary Winter released a statement releasing his personal opinions of the proposed Fox deal and asking, "Just how far was Fox Out of control?"
"It is thought that a Google-like service will come in the next five years which will give consumers increased access to movies and TV. That is the kind of content we are abandoning. The network model bankrupts everything. It destroys studios. It destroys shows. It destroys studios and casts," Winter wrote.
"Gone are the days where a network pays Universal to get it to allow its footage be used in Jurassic Park while Paramount gets many millions for remake of The Mighty Ducks," the article continues. "Last season, Fox had to be bailed out by Universal and a consortium that owns DirecTV subscribers, owed $900 million. Other networks were hit by cuts, including Fox's Thursday Night Football competitors. Fox must pay 30% of NFL earnings for next season," the article said.
"Now, Disney will be bailed out by Comcast and Yahoo shareholders," Winter wrote. "It will have more time and spend more money on Ray Bradbury contracts. Everyone's fees go up, but how many of you watch The Simpsons or Family Guy anymore? Yah, to me, entertainment is dead, dead."
On SoundCloud, shows entitled If Let's Be Serious about Not Telling the Stories as Good as We Saw Them—all standouts on that blog with day-by-day analysis of previous SSC performances—recogonized Weekend Update head writer Danny Burstein as subject of a (admittedly illegal) Twitter account @TVBartFriday.
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