Walt Disney will cut costly Fox projects
The Walt DIsney Company intends to carry out a major overhaul of the Fox movie projects, cutting the most expensive ones. An exception will be made only for large, mass-market oriented, and therefore financially promising franchises like Avatar and X-Men. This is reported by the Wall Street Journal with reference to its sources. According to anonymous informants, Walt DIsney is not going to completely abandon the original projects, which, for example, were engaged in by Fox Searchlight Pictures, but to finance them from now on will be treated more closely. "Once the acquisition is formally approved, we will continue to support the Fox Searchlight business. We believe they are producing high quality movies. We have no plans to interfere with what they do. To be honest, we think that they are doing well, "- said earlier the head of Walt Disney Bob Iger. Recall that Walt DIsney bought the Fox studio with all its assets for $ 71 billion. Shareholders of both companies approved the merger, and the controlling state bodies did not have any claims against the partners. The Topic of Article: Walt Disney will cut costly Fox projects. |
