Digital Video Forums  

Go Back   Digital Video Forums > Main Forums > Latest News

LinkBack Thread Tools Search this Thread Rate Thread Display Modes
Old 8 Aug 2019, 12:30 PM   #1
admin's Avatar
Join Date: Nov 2001
Posts: 8,675
Default Disney Surprised By Fox Studio Operating Loss

Disney boss Bob Iger has expressed his surprise at how recently acquired Fox Studios has underperformed in the latest set of fiscal results.

Fox posted a whopping $170 million operating loss, totally opposite to the $180 million in operating profit that was projected.

The surprising turnaround can be blamed on the X-Men movie Dark Phoenix, which underperformed at the box office. The film had a $200 million production budget but only earned $65.8 million domestically. Even with an international box office of $252 million, the movie is still considered a box office flop, given the usual calculation of a film's total budget as twice that of the production budget.

Iger stated his disappointment with the results in a fiscal call with investors.

"One of the biggest issues we faced in the quarter was the performance of the Fox film business," Iger said. "It was well below what it had been and well below what we thought it would be when we did the acquisition."

Iger was still positive about the future of the studio though and stated his high hopes for the upcoming Le Mans '66 film Ford v Ferrari.

Disney can also afford to own an underperforming Fox given the studio's strong performances elsewhere, already having generated a record $8 billion in box office takings in 2019 alone.

[via Media Play News]
Visit Digital Digest and, My Blog
admin is offline   Reply With Quote
Old 20 Jun 2020, 03:31 PM   #2
Junior Member
Junior Member
Join Date: Apr 2020
Location: New York City
Posts: 7

This is truly shocking news. Time does not take long to change.
fastvideolikes is offline   Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
'Avengers: Endgame' Coming to Disney+ in December, Studio May up Hulu Stakes admin Latest News 0 12 May 2019 03:09 PM
Disney Outlines Future Streaming Plans for Hulu, Disney Plus admin Latest News 0 10 Nov 2018 04:37 PM
Pinnacle Studio vs Sony Vegas Movie Studio vs Adobe Premier Elements evarmint General Discussions 1 21 May 2009 08:22 PM
Disney's Bonanza Offer :: get 3 Disney Movies Free! macanzy DVD Encoding and Playback 2 19 Oct 2005 09:05 PM

All times are GMT +10. The time now is 01:31 PM.

Kirsch designed by Andrew & Austin

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Copyright © 1999 - 2018 Digital Digest

Visit DivXLand   Visit