Bob Iger Makes Decision to Scrap Several Future Fox Projects after Dark Phoenix Failure


X-Men: Dark Phoenix may have not broken any records, but what it did do was tell Disney to not invest time in any 20th Century Fox projects. With a number of projects completed or in developed, you can kiss them goodbye. Fox experienced a $170 million operating loss during Disney’s latest fiscal quarter. Most of which is attributed to Dark Phoenix, who made $252 million worldwide. Considering the budget was around $200 million, it’s safe to say that the last X-Men movie did not do well.

Disney CEO Bob Iger spoke during Disney’s quarterly earnings call to investors:

“One of the biggest issues was the Fox studio performance which was well below where it had been and well below where we hoped it would be when we made the acquisition.”

Iger added that he’s tasked Alan Horn and Alan Bergman to apply the same “discipline and creative standards” to Fox that are already applied to Marvel, Lucasfilm, and Pixar. Iger will be tossing out some major projects that are in the works, in order to take the brand in a new direction. According to Iger:

“[It will] probably take a solid year, maybe two years, before we can have an impact on the films in production. We’re all confident we’re going to turn around the results of Fox live action.”

This doesn’t mean all of Fox’s projects, though. Iger assured that James Cameron’s Avatar sequels are safe, as well as Planet of the Apes. Fox Searchlight will continue its course. And don’t worry, Ad Astra, Death on the Nile, West Side Story, The Woman in the Window, and more are still happening. This just means you should probably forget about a Gambit movie.

Source: JoBlo