I think this is a bit more concerning for future FOX films, from Iger himself that they're banking on Fox remakes like Home Alone and cancelling films like Lumberjane and others:
Iger told analysts that top lieutenants Horn and Bergman would be tasked with "redefining 20th Century Fox's film strategy for the future, applying the same discipline and creative standards behind the success of Disney, Pixar, Marvel and Lucasfilm."
Looking for quick fixes, Disney has subsequently shuttered much of Fox film's development slate, intends to shrink its theatrical output and has ordered reboots of beloved Fox library titles for its direct-to-consumer platform, Disney Plus. Rival studio executives estimate that Disney essentially torched at least $50 million worth of development. Watts has weathered the transition as the sole senior leader. Fox Film CEO Stacey Snider left in the first round of layoffs at the studio, and Fox 2000 head Elizabeth Gabler announced a move to Sony Pictures last month.
To be fair, Disney got more than just Fox's film studio in its $71.3 billion purchase of much of 21st Century Fox's entertainment assets. The company also bought Nat Geo, FX, and several other television properties such as The Simpsons — all are valuable brands that will help it as it tries to move aggressively into the streaming space. But the performance of the film division has been a source of concern and annoyance.
Fox has several completed films set to be released by Disney through 2020, including "X-Men" installment "New Mutants" and an astronaut drama with Brad Pitt titled "Ad Astra." Many original scripts and optioned properties have been "paused" from going into production, one studio insider says. Disney is prioritizing making more broadly commercial projects, which includes ongoing work on sequels to James Cameron's "Avatar" and starry safe bets like the on-screen reunion of Matt Damon and Ben Affleck in the drama "The Last Duel."
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Iger told investors that "reimaginings" of Fox library titles like "Home Alone," "Night at the Museum," "Cheaper by the Dozen" and "Diary of a Wimpy Kid" are all being ordered for the digital platform. Fox Family chief Vanessa Morrison is overseeing these projects. While Iger touted a new installment of "Planet of the Apes" on last week's call with analysts, little progress has been made on sequels to the sci-fi series.
Gone are original films such as a slate of titles from British animator Locksmith. The company's completed movie "Ron's Gone Wrong," about a fleet of robots designed to be every child's best friend, will be released by Disney in November 2020 — but three slated projects, including a film about misbehaving fairies (pitched as naughty Tinkerbells) have been given back to their creators. A live-action version of the female-centered comic "Lumberjanes," from animator Noelle Stevenson, has also been canceled. TV kingpin Greg Berlanti will no longer direct the Jackie Kennedy drama "The Editor," but is still attached to produce it along with the movie musical "Be More Chill."
