Indiana Jones won't be swinging back into movie theaters until at least 2021.
The Walt Disney Co. on Tuesday announced that the planned fifth installment in the "Indiana Jones" franchise will be released in July 2021 instead of July 2020. The film was originally scheduled for release in the summer of 2019.
Script issues are reportedly behind the delay. Last month, "Solo: A Star Wars Story" co-screenwriter Jonathan Kasdan was brought on to help write the film.
Steven Spielberg is set to direct the latest "Indiana Jones" film, with Harrison Ford also reprising his role. Ford turns 79 years old in July 2021.
Spielberg also has a number of films in front of "Indiana Jones," including a remake of "West Side Story."
Verizon is buying Frontier in $20B deal to strengthen its fiber network
Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network.
Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into artificial intelligence as well as connected smart devices.
Frontier has concentrated heavily on its fiber network capabilities over about four years, investing $4.1 billion upgrading and expanding its fiber network. It now gets more than half of its revenue from fiber products.
The price tag for Frontier, based in Dallas, is sizeable given its 2.2 million fiber subscribers across 25 states. Verizon has approximately 7.4 million Fios connections in nine states and Washington, D.C.
Frontier has 7.2 million fiber locations and has plans to build out an additional 2.8 million fiber locations by the end of 2026.
"The acquisition of Frontier is a strategic fit," Verizon Chairman and CEO Hans Vestberg said in a prepared statement. "It will build on Verizon's two decades of leadership at the forefront of fiber and is an opportunity to become more competitive in more markets throughout the United States, enhancing our ability to deliver premium offerings to millions more customers across a combined fiber network."
Verizon, based in New York City, will pay $38.50 for each Frontier share. The deal is expected to close in about 18 months. It still needs approval from Frontier shareholders.
Shares of Frontier Communications Parents Inc., which were halted briefly on Wednesday after a report from the Wall Street Journal about the deal sent the stock up nearly 40%, fell 9% before the market opened on Thursday. Verizon's stock rose slightly.
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