The label could make 10 or more movies a year, with half headed directly for Disney's new streaming service or Hulu.
The consequences of two major Hollywood studios merging became clearer on Tuesday as Disney's film empire reported a loss of $170 million in the third quarter related to the titles it inherited from 20th Century Fox, led by the pricey superhero pic,"The Fox studio performance ... was well below where it had been and well below where we’d hoped it would be when we made the acquisition," Walt Disney Co.
Rumors have abounded in recent weeks that Watts was seeking employment elsewhere. However, sources tellthat she's striking a new contract with Disney and will keep overseeing the marquee, set to hit theaters this fall, andWatts is also overseeing the next installment in the , set for release over Christmas 2020.
Iger's comments confirmed what Hollywood insiders have known for months: Fox is now a pared-down label that lives alongside Marvel Studios, Lucasfilm, Disney's live-action studio, Pixar and Disney Animation. Sources say the 20th Century Fox silo could make 10 or more movies a year, with half or more headed directly for Disney's new streaming service or Hulu, now controlled by Disney.
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