In this May 23, 2016 file photo, Johnny Depp arrives at the premiere of "Alice Through the Looking Glass" at the El Capitan Theatre, in Los Angeles. (Photo by Richard Shotwell/Invision/AP, File)
LOS ANGELES (AP) --
Johnny Depp is about to enter a world of magic. The actor is set to be part of "Harry Potter" author J.K. Rowling's "Fantastic Beasts and Where to Find Them" in a secretive role according to a Warner Bros. representative Tuesday.
Depp will appear in a cameo in the first film, which opens on Nov. 18, and have a bigger role alongside star Eddie Redmayne in the sequel in 2018.
"Fantastic Beasts and Where to Find Them" is based on Rowling's book of the same name and set 60 years earlier than Harry Potter in 1926 New York. There are five films planned in the Warner Bros. franchise.
Depp is no stranger to franchises, having led both the live-action "Alice" films and "The Pirates of the Caribbean," both for Disney.
Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.
The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.
DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.
"While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.
The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.
The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.
DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More
