Magazine article Screen International

Disney Reconfigures Fox Pipeline with Eye on Streaming Future

Magazine article Screen International

Disney Reconfigures Fox Pipeline with Eye on Streaming Future

Article excerpt

Main Fox slate to be stripped down and redirected; Fox Searchlight to continue.

Months after Disney closed the $71.3bn acquisition of the entertainment assets of 21st Century Fox and began culling Fox executives, the broader strategy has come into focus as chief Bob Iger is abandoning much of the Fox development slate and retooling the studio’s output largely as a feeder for Disney+ and Hulu, with the exception of several renowned franchises.

The Disney chairman and CEO delivered the news to analysts on a third quarter earnings call after he cited a Fox operating loss of $170m for the quarter, due in part to the below-par performance of Dark Phoenix.

The X-Men spin-off earned $250m worldwide on a budget of $200m, however Iger noted the inherent value in inherited Fox IP that Disney clearly intends to exploit, including the X-Men property.

The other jewels in the crown are Avatar, Deadpool, and Planet Of The Apes. Beyond that, Iger has instructed his lieutenants Alan Horn and Alan Bergman to drastically slim down the theatrical roster and reconfigure the Fox pipeline alongside Emma Watts, who has signed a new deal to remain at Disney.

The Disney chairman and CEO estimated the process could take a couple of years to make an impact. The plan is for Fox Searchlight to continue delivering niche, mostly adult-oriented fare, although Iger did not offer much by way of specifics, except to say Searchlight would continue to make prestige content and expand its storytelling on to Disney’s direct-to-consumer business, which most likely suggests the Hulu platform. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.