When Disney acquired 20th Century Fox earlier this year, it really changed the entertainment climate. The Mouse House has become a giant media conglomerate. They own various studios, TV networks, and will soon be launching a streaming service. However, there appears to be somewhat of a downside to all of this, at least when you look at it from a stockholder’s point of view.
Disney chief financial officer Christine McCarthy revealed Fox films were at an operating loss of $170 million for the quarter. With these films performing lower than expected, it is forcing Disney to stop production for various 20th Century Fox titles and redirect their focus to key franchises like the newly acquired Marvel properties and Avatar. More on the report below.
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