It goes without saying that Disney is one of the most prominent film studios operating today. Between Marvel Studios, Pixar, Walt Disney Animation, and Lucasfilm, they are set to put out a large chunk of content for years and years to come. And now, with the acquisition of the Fox, it would seem that their reach is going even further. However, if this past year is any indication, they may have a lot to worry about.
In a recent piece from Variety, the many failures of the studio are highlighted. This year alone saw Dark Phoenix, Stuber, and The Art of Racing in the Rain flop in theaters. This is in sharp contrast with Disney’s amazing performances with movies like Avengers: Endgame, Aladdin, and The Lion King.
This past August 6, during an earnings call, Disney CEO Bob Iger put the new studio on blast, saying 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.”
But is this really as bad as it seems? Jeff Bock, box office analyst with Exhibitor Relations thinks so, as he told the outlet.
“If Disney hadn’t bought Fox and they were just going along with business as usual, there’d still be layoffs and there’d be a For Sale sign on the lot. There’s no way they’d have been able to survive in this climate.”
What does this mean for the studios? Well, Bob Iger has already put co-chairmen Alan Horn and Alan Bergman in charge of redefining Fox’s future, so it’s clear they’re working to make changes fast.
What do you think of all this? Is Disney being far too reactionary? Let us know your thoughts down below!
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