Disney’s disappointment with Fox’s box office will lead to reshaping

X-Men Dark Phoenix Poster

With Disney buying out Fox, many Marvel fans were excited at the possibility of the X-Men and Fantastic Four characters joining the Marvel Cinematic Universe. During San Diego Comic-Con 2019, Marvel Studios President Kevin Feige confirmed that the Fantastic Four and mutants will be coming. However, not everything is sunshine and rainbows. Fox’s box office performance after the merger has led an unhappy Disney.

During Disney’s August 6th quarterly earnings call, Disney CEO Iger said that “the Fox studio performance … was well below where it had been and well below where we hoped it would be when we made the acquisition.”

That sounds like we’re going to see some big changes at Fox. The recent Fox films have been underperforming including Dark Phoenix, Stuber and The Art of Racing in the Rain. There is one that was profitable, and that was Breakthrough, which grossed $50 million worldwide from a $14 million budget.

What does this mean for Fox now? Fox vice chairman Emma Watts looks to be taking a backseat with Walt Disney Studios chief creative officer and co-chairman Alan Horn and co-chairman Alan Bergman reshaping the studio by using the same standard for Disney, Pixar, Marvel, and Lucasfilm. Fox’s theatrical releases will lessen, with reboots of popular Fox libraries headed to Disney+.

This will definitely be a concern for moviegoers who want to see more original films from Fox compared to sequels and reboots. At least there’s still Fox Searchlight for smaller films.

Source: Variety

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