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NEW YORK (AP) — The Fox Studio backlot, first built in 1926 on a Century City ranch in Los Angeles, was enormous. Before much of it was sold off in the 1960s, it was four times the size of its current, and still huge, 53 acres.Shirley Temple's bungalow still sits on the lot, as does the piano where John Williams composed, among other things, the score to "Star Wars." A waiter in the commissary might tell you where Marilyn Monroe once regularly sat.When the Walt Disney Co.'s .3 billion acquisition of Fox is completed at 12:02 a.m. Wednesday, the storied lot — the birthplace of CinemaScope, "The Sound of Music" and "Titanic" — will no longer house one of the six major studios. It will become the headquarters for Rupert Murdoch's new Fox Corp., (he is keeping Fox News and Fox Broadcasting) and Fox's film operations, now a Disney label, will stay on for now as renters under a seven-year lease agreement.The history of Hollywood is littered with changes of studio ownership; even Fox Film Corporation founder William Fox, amid the Depression, lost control of the studio that still bears his name. But the demise of 20th Century Fox as a standalone studio is an epochal event in Hollywood, one that casts long shadows over a movie industry grappling with new digital competitors from Silicon Valley and facing the possibility of further contraction. After more than eight decades of supremacy, the Big Six are down one."It's a sad day for students of film history and I think it's potentially a sad day for audiences too," said Tom Rothman, former chairman of Fox and the current chief of Sony Pictures. "There will just be less diversity in the marketplace."Disney's acquisition has endless repercussions but it's predicated largely on positioning Disney — already the market-leader in Hollywood — for the future. Disney, girding for battle with Netflix, Apple and Amazon, needs more content for its coming streaming platform, Disney+, and it wants control of its content across platforms."The pace of disruption has only hastened," Disney chief Robert A. Iger said when the deal was first announced. "This will allow us to greatly accelerate our director-to-consumer strategy."The Magic Kingdom will add 20th Century Fox alongside labels like Marvel, Pixar and Lucasfilm. But film production at Fox, which has in recent years released 12-17 films a year, is expected to wane. Due to duplication with Disney staff, layoffs will be in the thousands.Disney will also take over FX, NatGeo and a controlling stake in Hulu, which has more than 20 million customers. It will gain control of some of the largest franchises in movies, including "Avatar," ''Alien" and "The Planet of the Apes." Fox's television studios also net Disney the likes of "Modern Family," ''This Is Us" and "The Simpsons." Homer, meet Mickey.Some parts of Fox, like the John Landgraf-led FX and Fox Searchlight, the specialty label overseen by Stephen Gilula and Nancy Utley, are expected to be kept largely intact. Searchlight, the regular Oscar contender behind films such as "12 Years a Slave," ''The Shape of Water" and "The Favourite," could yield Disney something it's never had before: a best picture winner at the Academy Awards.Nowhere is the culture clash between the companies more apparent than in "Deadpool," Fox's gleefully profane R-rated superhero. While Spider-Man still resides with Sony, Disney now adds Deadpool, the X-Men and the Fantastic Four to its bench of Marvel characters. How they will all fit with Disney's PG-13 mission remains to be seen, though Iger last month suggested in a conference call with investors that there may be room for an R-rated Marvel brand as long as audiences know what's coming.The question of how or if Disney will inherit Fox's edginess matters because Fox has long built itself on big bets and technological gambits. It was the first studio built for sound. It was nearly bankrupted by the big-budget Elizabeth Taylor epic "Cleopatra." It backed Cameron's seemingly-ill-fated "Titanic," as well as Ang Lee's "The Life of Pi" and the Oscar-winning hit "Bohemian Rhapsody.""We were a studio of risk and innovation," says Rothman, who also founded Fox Searchlight. "It was a very daring place, creatively. That's what the movies should be."But will the more button-down Disney have the stomach for such movies? "Deadpool" creator Robert Liefeld, for example, has said Fox's plans for an X-Force movie have been tabled, a "victim of the merger."Some were surprised regulators gave the deal relatively quick approval. The Department of Justice approved the acquisition in about six months, about four times less than the time it took investigating AT&T's acquisition of Time Warner. The New York Times editorial page suggested the deal benefited from President Trump's relationship with Murdoch."Disney will have probably north of 40 percent market share in the U.S. That's one area where a deal does suggest that the market influence is going to be outsized," says Tuna Amobi, a media and entertainment analyst with investment firm CFRA. "Having one studio control that much is unprecedented. And it could increase from there given the pipeline that we see."Disney is about to have more influence on the movies Americans and the rest of the world see than any company ever has. Last year, it had 26 percent of the U.S. market with just 10 movies which together grossed more than billion domestically and .3 billion worldwide. Fox usually counts for about 12 percent of market share.Fewer studios could potentially mean fewer movies. That's a concern for both consumers and theater owners, many of whom already rely heavily on Disney blockbusters to sell tickets and popcorn."Certainly, consolidation poses a challenge in some respects to the supply of movies," says John Fithian, president and chief executive of the National Organization of Theater Owners. "The fewer suppliers you have, the chances are we're going to get fewer movies from those suppliers."But Fithian believes other companies are stepping into the breach, and he holds out hope that Netflix might eventually embrace more robust theatrical release. More importantly, Fox was bought by a company in Disney that is, as Fithian said, "the biggest supporter of the theatrical window."Still, Disney has been willing to throw its weight around. Ahead of the release of "The Last Jedi," the studio insisted on more onerous terms from some theater owners, including a higher percentage of ticket sales.More experimentation in distribution is coming. Later this year, WarnerMedia, whose Warner Bros. is regularly second in market share to Disney, will launch its own streaming platform. Apple is ramping up movie production. Amazon Studios is promising bigger, more attention-getting projects.Ahead of a blizzard of new streaming options, Fox — and a giant piece of film history — will fade into an ever-expanding Disney world. Film historian Michael Troyan, author of "20th Century Fox: A Century of Entertainment," has studied enough of Hollywood's past to know that relentless change is an innate part of the business."It's sad when any historical empire like that comes to end," says Michael Troyan. "You can record in other places but when you're on a lot like Fox, you feel the gravitas, you feel the history."Rothman says he will pause for a "wistful moment" Wednesday, but he believes consolidation doesn't mean obsolescence."I don't think it remotely arguers the end of the glories of the film business overall," says Rothman. "I believe there remains eternal appetitive for original, vibrant, creative theatrical storytelling." 7645

NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000

No, Reese's Peanut Butter Cups are not going away next month, despite an article making the rounds on the internet.Originally posted last week, the headline read "World's most popular candy to be removed from shelves by October 2017!" and in the story, said Reese's Peanut Butter Cups would no longer be available.It cited the manufacturer saying there was a decline in sales after a new version of the product.In a tweet a day later, Reese's calmed everyone's fears telling people not to believe everything they read on the internet.So, be sure to enjoy the peanut butter and chocolate deliciousness all year long! 623

NEW YORK (AP) — The nominees for the 63rd annual Grammy Awards were announced during a live stream held Tuesday by the Recording Academy's interim president and CEO Harvey Mason Jr. and other celebrity guests.Beyoncé led the nominees with nine nominations including record of the year and song of the year.Fellow artists Roddy Ricch, Dua Lipa, and Taylor Swift snagged six nominations apiece.WATCH: 406

New commercial satellite images released Monday have identified more than a dozen undeclared North Korean missile operating bases, another sign that Pyongyang is continuing to move forward with its ballistic missile program amid indications that talks with the US have stalled in recent months.While the network of undeclared sites has long been known to American intelligence agencies, it has not been publicly acknowledged by President Donald Trump, who asserted that North Korea was "no longer a nuclear threat" following his June summit with dictator Kim Jong Un.The CIA declined to comment on the images, but US officials have expressed concern about North Korea using hidden and undeclared locations to continue to work on improving their missile technology and possibly their nuclear program.The new images, first reported by The New York Times, show researchers at the Beyond Parallel program at the Center for Strategic and International Studies have identified 13 of an estimated 20 hidden missile operating bases unreported by the North Korean government."These missile operating bases, which can be used for all classes of ballistic missile from short-range ballistic missile (SRBM) up to and including intercontinental ballistic missile (ICBM), would presumably have to be subject to declaration, verification, and dismantlement in any final and fully verifiable denuclearization deal," the report states.US intelligence has long assessed that the North Koreans have stored much of their weapons capability, including mobile missile launchers, in underground mountain bunkers.Specifically, the images focus on the Sakkanmol missile base, which "currently houses a unit equipped with short-range ballistic missiles but could easily accommodate more capable medium-range ballistic warheads.""Despite the difference in interpretation between the US government and the North Koreans over what these declarations have meant, the Singapore declaration and the new Korean declaration, for North Korea watchers it has been pretty clear that the North has not been willing to give up its entire nuclear program," Lisa Collins a fellow with the Korea Chair at CSIS and one of the authors of the report, told CNN.However, an official with South Korea's Blue House called the report "nothing new" and told media Tuesday "the United States and South Korean intelligence service hold more detailed information using the military satellites," and that nuclear sites couldn't be "undeclared" as there had been no agreement with North Korea to declare them.The official went on to say that North Korea had not previously pledged to close the Sakkanmol Missile Base, the focus of CSIS's report, saying, "There had been no treaty or negotiation that mandated closing the missile base."Monday's report comes days after Trump told reporters his administration is "very happy with how it's going with North Korea" despite the administration's announcement, in the middle of the night as last week's midterm elections results were coming in, that Secretary of State Mike Pompeo's meeting with a key aide to North Korean leader Kim Jong Un had been postponed.Trump has conveyed a starkly different image than the one painted by US military officials, foreign diplomats and sources familiar with developments who told CNN that the Democratic People's Republic of Korea is "really angry" about the US refusal to offer sanctions relief and that personal friction between US and North Korean negotiators may be slowing progress.A source familiar with the ongoing dance between officials in Washington and Pyongyang previously told CNN that North Korea's stance is that the US "must make a move before we make the next one."But the US appears unwilling to oblige, at the moment, according to a US official, who said the Trump administration wants to move away from the "tit-for-tat" approach of the past."There has been a move away from past administrations' approach to North Korea in terms of 'we will give you a little here if you give us a little there' ... kind of a tit-for-tat piece. ... We haven't seen that work in the past, so the President is insistent on holding the full pressure campaign until he gets the full denuclearization," a US official told CNN.North Korea has often argued it is unable to provide comprehensive details about the locations of its nuclear and missile sites because that could serve as a target list should the situation escalate into an armed conflict. But Collins said that the hope is that "this type of analysis and data would help to push forward the negotiations rather than cause more blockage.""It would actually get rid of one of the primary excuses or reasons why North Korea has not produced a list," she said, adding that "open source and independent data" can help the process as US officials might be wary of publicly disclosing information that they believe could compromise sources and methods.When asked about Monday's new report, a State Department spokesperson implored Kim to "follow through on his commitments -- including complete denuclearization and the elimination of ballistic missile programs.""President Trump has made clear that should Chairman Kim follow through on his commitments — including complete denuclearization and the elimination of ballistic missile programs — a much brighter future lies ahead for North Korea and its people," the spokesperson told CNN.But experts point out that Kim has not offered to stop producing ballistic missiles, let alone unilaterally give them up, and said on New Year's Day that he would continue to mass-produce ballistic missiles and deploy those that have already been tested.Former Secretary of Defense Chuck Hagel said Monday that the images once again show that Trump's comments on North Korea have been a "fabrication.""The North Koreans have not signed any document working out, laying out, what steps they are going to take to denuclearize," Hagel said. "There has been nothing stated, agreed to, framed signed, except what President Trump says they've said ... but now ... we have a whole different story, and it is the reality, it is not fantasy," he added.Vipin Narang, an associate professor of political science at the Massachusetts Institute of Technology who studies nuclear proliferation, told CNN that Kim's actions do not amount to "deception since he said on New Year's Day that North Korea would mass-produce and deploy its missiles that it already tested."Narang added that the images released Monday identify "operating bases which, until and unless there is a deal, Kim can't eliminate without undermining his security."Asked about the State Department's response to Monday's report, Narang called the assertion that North Korea has committed to eliminating its ballistic missile programs is "misleading.""There has been no agreement or discussion remotely that detailed --- even on nuclear systems, and many of these are short range conventional missiles which North Korea has never said were on the table," he told CNN.Jeffrey Lewis, an arms control expert at the Middlebury Institute of International Studies, told CNN that experts have known about these sites for years, and it is no surprise that they remain operational given Kim's declaration in January that North Korea would shift from research and development to the mass-production of nuclear systems."Kim didn't dupe Trump. Trump duped himself," Lewis said, noting that North Korea has never offered to unilaterally disarm.Sakkanmol missile base is one of the facilities where North Korea deploys its mass produced systems, he said.Still, Trump has sought to convey the image that progress continues to be made and teased a possible second summit with Kim in the near future."We're in no rush. We're in no hurry," Trump told reporters at a White House press conference last week. "The sanctions are on. The missiles have stopped. The rockets have stopped. The hostages are home. The great heroes are home."While North Korea claims that it has taken some steps toward denuclearization, experts say those moves are largely cosmetic and easily reversible. Kim's regime has shuttered a missile engine testing facility; destroyed the entrances to its nuclear test site; and promised to close the Yongbyon nuclear facility, where North Korea is believed to produce fissile material for nuclear weapons, if Washington takes what it calls "corresponding measures."In July, Trump touted indications that North Korea had begun dismantling "a key missile site" after the prominent monitoring group 38 North published images showing Pyongyang had begun decommissioning its Sohae Satellite Launching Station.But while that step attracted significant media attention at the time, Monday's report states that the dismantling of the Sohae facility "obscures the military threat to US forces and South Korea from this and other undeclared ballistic missile bases."Collins told CNN that she believes one reason North Korea canceled the latest round of talks with Pompeo is because they might be targeting "the very top levels of negotiations" -- another meeting between Trump and Kim.However, she also warned that "you can't get anywhere without these working-level talks because that's where the nitty-gritty stuff happens.""You can't get a verifiable list of anything unless nuclear weapons experts are part of the process," she said. "Is President Trump going to create a list of all those facilities? Does he even know where some of these places are? I would be very skeptical.""There have to be working-level talks, but the North Koreans are clearly targeting a big package deal, for them, which can only happen if President Trump is there to make the decision," Collins added. "But I think the US has been very cautious and careful to keep the negotiations moving forward at the working level and try not to have President Trump jump every time there is an offer." 9937